Cryptocurrencies Price Prediction: Ethereum, Ripple & Bitcoin — Asian Wrap 26 September
|Ethereum takes 2% downturn as CoinShares notes that L2s have complicated economic design of L1 and ETH
Ethereum (ETH) is down over 2% on Wednesday following CoinShares' recent report detailing token transfers and asset speculation as some of the key value drivers for ETH. The report also highlighted how the recent Mainnet upgrade has complicated the Layer 1 (L1) and ETH's economic design.
Crypto Today: Bitcoin, Ethereum and XRP take slight downturn as potential “Uptober” move faces uncertainty
Ripple's XRP is trading around $0.584, down by a mild 0.7% in the past 24 hours. XRP appears to be consolidating within a key price boundary but risks a massive correction if it moves below a lower trendline around $0.572 - $0.576.
Bitcoin holds steady above $63,000 as signs of whale accumulation and ETF inflows
Bitcoin (BTC) trades slightly down around $63,800 at the time of writing on Wednesday, consolidating within the $62,000 and $64,700 key levels for the sixth day in a row. There are signs of indecision among traders as dormant wallets begin to move, some whales accumulated, and the US Spot Exchange Traded Fund (ETF) recorded more than $136 million inflow on Tuesday.
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