Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Ethereum – European Wrap 25 July
|Bitcoin price struggles at $64,000 amid Mt. Gox transfer concerns
Bitcoin (BTC) extends its recent correction move and falls to nearly $64,000 on Thursday. CEO David Bailey confirmed Kamala Harris will not speak at the upcoming Bitcoin Conference, while the Ferrari Luxury Car Manufacturer announced the acceptance of crypto payments across Europe. Meanwhile, the bankrupt Mt. Gox exchange continues to move funds to pay its creditors. On-chain data reveals a positive exchange inflow, indicating ongoing selling pressure in the market.
Dogecoin, Shiba Inu, PEPE, BONK erase nearly 3% value as meme coin category takes a hit
Meme coin market capitalization is down 6% on Thursday as the top three cryptocurrencies, Bitcoin, Ethereum, and XRP, are hit by a correction. CoinGecko data shows that the correction is market-wide.
Stock routs undermine the image of Ethereum ETF launch
The pressure on financial markets has spread to cryptocurrencies - the flip side of the long-desired easing of institutional access to the crypto market. The launch of the Ethereum ETF coincided with the most powerful drop in the Nasdaq index in months. The cryptocurrency market lost 3.5% in the last 24 hours, pulling back at one point to $2.3 trillion, its lowest in 10 days.
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