Cryptocurrencies Price Prediction: Altcoins, OKB & Crypto – European Wrap 13 August

FXStreet Team FXStreet

Altcoins to watch this week: AAVE, CRV, and ARB

Altcoins are gaining momentum this week, with Aave (AAVE), Curve DAO (CRV), and Arbitrum (ARB) standing out as top contenders for further gains due to a favourable technical setup. AAVE steadies near $321 after a strong rally, CRV pushes higher above $1 with eyes on $1.33, and ARB edges closer to a key resistance level that, if breached, could pave the way for gains of more than 20%.

OKB surges after OKX cuts supply with massive token burn

OKB, the native token of OKX’s X layer, surges over 150% at press time on Wednesday, fueled by the announcement of a 65 million token burn that led to a sharp decline in the total supply cap to 21 billion tokens.

Crypto market cap hits $4 trillion

The global crypto market has reached $4 trillion USD for the first time, with a daily jump of $48.6 billion (+1.21%)

This surge, fueled by both Bitcoin and altcoin gains since the 2022 FTX collapse recovery, marks a major milestone. Bitcoin’s market dominance has climbed from 40% in late 2022 to 66% by mid-2025, showing its growing influence over the entire sector and challenging the idea of altcoin-led growth. Although ETH price might signal a change.

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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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