Cryptocurrencies Price Prediction: Ethereum, Cryptos & Bitcoin – American Wrap 24 May


Ethereum price lags after ETF approval, experts share reason for SEC's change of mind

Ethereum declined briefly on Friday as experts weighed in on why the Securities & Exchange Commission (SEC) approved spot ETH ETF applications and when to expect S-1 comments from the agency.
ETH/USDT 4-hour chart
In today's society, the boundaries between the real and digital worlds are rapidly fading, creating a new era where online and offline interactions are deeply intertwined. This convergence is fundamentally altering our social dynamics and economic structures, reflecting a significant shift in how value is created and productivity is enhanced.
 

Bitcoin dominance is slowing down in the bullish crypto market – Altcoins are ready

We have been talking a lot about dominance in the Crypto market in the last couple of months. We also shared a free chart of Bitcoin.dominance back on March 12, where we mentioned and highlighted final 5th wave of an impulse.
Chart
 

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The IRS stated that rewards from cryptocurrency staking are taxable upon receipt, according to a Bloomberg report on Monday, which stated the agency rejected a legal argument that sought to delay taxation until such rewards are sold or exchanged.

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Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode

Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode

Solana is up 6% on Monday following a Glassnode report indicating that SOL has seen more capital increase than Bitcoin and Ethereum. Despite the large gains suggesting a relatively heated market, SOL could still stretch its growth before establishing a top for the cycle.

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Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses

Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses

Ethereum is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000.

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Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery

Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery

The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17. Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election. 

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Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.

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