- Bitcoin price stayed above $62,000 but could face supply overhang from potential transfers of Silk Road and Bitfinex funds.
- Ethereum and XRP continued consolidating near key price levels.
- Popular trader Peter Brandt predicts $135,000 Bitcoin price between August/September 2025.
Bitcoin, Ethereum and XRP updates
- Bitcoin (BTC) maintained its move above the $62,000 psychological level, trading around $62,120 on Wednesday despite $58.2 million in outflows across BTC ETFs, per Farside Investors data. However, the top cryptocurrency could face potential selling pressure in the coming months if the US government decides to sell the 69,730 BTC seized from Silk Road that it recently gained control over.
- Ethereum (ETH) is trading above $2,400, down 0.5% in the past 24 hours, following $8.1 million of outflows in ETH ETFs. If ETH continues the upward move, it could face an initial rejection near the $2,490…
