Cryptocurrencies price prediction: Bitcoin, Ethereum and XRP - American Wrap - 02 October
|Is Bitcoin a safe haven amid Middle East tensions? Here's what you need to know
Following Bitcoin's 6% decline since Iran's missile attack on Israel, several investors are questioning whether the cryptocurrency's alleged "safe haven" status still holds.
Ethereum ETFs expand outflows amid Middle East war
Ethereum (ETH) trades around the $2,400 psychological level on Wednesday, down over 4% following $48.6 million outflows from ETF investors as the war between Israel, Hamas, Hezbollah and Iran is hurting market sentiment. However, buying pressure from spot traders on crypto exchanges could see the top altcoin bounce off the $2,395 support level.
XRP down 3% as Bitwise files with the SEC, shows intent to launch first US-based Spot XRP ETF
Ripple (XRP) lost value on Wednesday even as asset management giant Bitwise affirms its intent to register the United States’ first Spot XRP ETF. Bitwise filed its S-1 registration, a crucial step in the process of registering a Spot crypto ETF with the Securities & Exchange Commission (SEC).
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