The post July forecasts for the price of Bitcoin and Ethereum appeared on BitcoinEthereumNews.com.

According to the latest forecasts, in the month of July, the price performance of Bitcoin (BTC) and Ethereum (ETH) could be strongly influenced by a series of economic and market factors.  Ryan Lee from Bitget offers a detailed analysis of the main elements that could determine the trends of these two giants of cryptocurrencies. Let’s see all the details below.  What are the price predictions for Bitcoin and Ethereum in the near future? As anticipated, Ryan Lee of Bitget has released important forecasts regarding the price trend of the two well-known cryptos Bitcoin and Ethereum. One of the main factors to consider, according to him, is the macroeconomic environment. Recently, in fact, the net liquidity index of the Federal Reserve (FED) has exceeded 6.5 trillion dollars, releasing 400 billion dollars of liquidity into the market since the end of June.  This level of liquidity is the highest in the last two years. Furthermore, with the prospect of future interest rate cuts, market liquidity is expected to become even more abundant. Thus favoring a bull trend in the cryptocurrency market. Another positive indicator for the cryptocurrency market is the increase in the market cap of stablecoins, which went from 160 to 162 billion dollars in June. This increase indicates a net inflow of capital into the cryptocurrency market.  Despite a contraction of the overall market cap in June, the increase in stablecoins suggests that leverage in the cryptocurrency market is currently low, leaving room for further bull movements in the future. Key events: Mt. Gox refunds and spot ETFs on ETH Moving forward, we see two fundamental events that could significantly influence the prices of BTC and ETH in July. First of all, Mt. Gox has announced that it will start reimbursing BTC and BCH at the beginning of July.  This…

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Filed under: News - @ June 24, 2024 10:28 pm