Cryptocurrencies Price Prediction: Algorand, Bitcoin & Uniswap — Asian Wrap 13 January

FXStreet Team FXStreet

Algorand Price Prediction: Is this 25% upswing the start of a new rally?

Algorand price is displaying a stunning bullish performance. Still, subtle cues of the uptrend show a need for caution to be applied. Algorand price has forgotten the bearish sentiment lingering around risk assets, including cryptocurrencies. On January 12, the scalable blockchain token stands elevated 25% above the New Year's opening price.

Bitcoin price rallies to $18,880 as US inflation rate drops to 6.5%

Bitcoin reacted positively to the announcement of the US Consumer Price Index (CPI) for the month of December 2022, as did the rest of the crypto market. Bullishness in the stock market is also expected over the next few days; however, as per some industry players, this good news might have been a one-time thing.

UNI Price Prediction: Uniswap sees traders pump price as US inflation falls in line

Uniswap (UNI) price strengthened on Thursday after the US inflation numbers came out. Although the data were in line with estimates, markets were not disappointed as overall inflation is still cooling. On the back of that, the Greenback weakened, equities jumped and cryptocurrencies rallied.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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