#USCryptoWeek Here's what's happening in the US crypto scene this week ¹ ²:
- *US Spot Bitcoin ETFs*: These funds have seen two consecutive days with over $1 billion in inflows, bringing the total net assets to $158 billion. BlackRock's IBIT has become the fastest ETF to cross $80 billion in assets.
- *Altcoin Rally*: Analysts predict altcoins will surge further when Bitcoin dominance drops to 45%. XRP whales have hit a record high as the price surges 10%.
- *Regulatory Developments*: Coinbase is suing Oregon officials for secretly changing state crypto policy. Democrats are pushing back on digital asset bills proposed by House Republicans.
- *Market Trends*: Bitcoin's price could reach $200,000 to $300,000 based on a "power law" model. Ethereum ETFs have recorded their best week since launch with $900 million in inflows.
- *Tokenization*: Asia's tokenization boom is shifting capital away from the West, with Japan and Hong Kong leading the charge.
- *Crypto Adoption*: Tether will discontinue USDT on five blockchains to refocus resources. Bybit faces backlash over PUMP token sale mismanagement.
Some notable price predictions and trends include ³:
- *XRP Price Prediction*: Investors are on high alert with predictions for July 14, 21, and 25.
- *Ethereum Price*: ETH leads the charge above $3,000, sparking debate on whether the crypto summer season has begun.
- *Bitcoin Price Prediction*: Analysts predict a potential surge to $300,000 this year amid a dip in the dollar's value.
Keep an eye on these developments for potential market shifts and opportunities.