Cryptocurrencies Price Prediction: Fantom, Bitcoin & Ethereum — Asian Wrap 13 July – FXStreet
FXStreet Team
FXStreet
Fantom price is following the broader market cues awaiting a trigger to begin recovery again, but the delay is not being entertained by FTM holders. Investors are changing their stance from depending on the market to dictate their behavior to potentially altering the price action through their behavior.
Bitcoin (BTC) price failed to break above a crucial hurdle on July 12, pulling back right when it was about to. The rejection has sent BTC back to its range-bound movement, signaling a common resolve among short-term holders to hodl instead of booking profits. Meanwhile, experts continue to investigate what it would take to get the king of crypto to finally make a bold move.
Ethereum (ETH) price is moving along an uptrend line, though barely holding above as cues from BTC are rather weak. If the price sustains above the uptrend line, ETH could soon tag the $1,959 level or breakthrough, in a highly bullish case, to levels above $2,000.
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Bitcoin price got a respite from sideways trading after the US SEC vs. Ripple lawsuit reached a conclusion, for now. The announcement caused Ripple price to double in a few hours, causing other altcoins to also rally from the hype.
Arbitrum and Optimism have long competed for dominance in the Ethereum Layer 2 ecosystem. With Offchain Lab’s release of Arbitrum Orbit, a toolkit for the development of Layer 3 chains, ARB ecosystem expects higher dominance and a large market share in the future.
Ripple's win in the SEC lawsuit has already drawn criticism from the crypto community. Experts speculate that Ripple’s status as a non-security gives XRP and its founders a free pass to dump their token holdings.
The SEC vs Ripple lawsuit outcome fueled a bullish sentiment in the crypto community. Experts are arguing that Coinbase is likely to land a win as the regulator’s argument against the platform’s sale of unregistered securities.
Bitcoin (BTC) price shows multiple sell signals on the daily chart, hinting at a short-term correction. Although the longer-term outlook remains bullish, the hype generated by multiple US-based companies filing for Bitcoin ETF seems to be waning.
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