Cryptocurrencies Price Prediction: ETFs, PI & Crypto – European Wrap 31 December

💡 DMK Insight

Bitwise’s ETF filing could shake up altcoin trading dynamics significantly. With ETH currently at $2,969.89 and LTC at $76.71, this move signals a growing institutional interest in altcoins beyond Bitcoin. Traders should watch how this affects liquidity and volatility in these altcoins, especially AAVE and ZEC, which might see increased trading volumes as investors seek exposure through these ETFs. If approved, these ETFs could lead to a surge in retail interest, pushing prices higher. However, there’s a flip side; if the SEC delays or rejects these applications, it could dampen sentiment across the altcoin market, leading to potential sell-offs. Keep an eye on the SEC’s timeline for decisions and monitor price levels around $3,000 for ETH and $80 for LTC as key psychological barriers that could influence trading strategies in the short term.