Cryptocurrencies Price Prediction: ApeCoin, Bitcoin & Arbitrum — Asian Wrap 16 August

FXStreet Team FXStreet

ApeCoin price set to revisit historical lows as traders’ domination over APE supply spikes

ApeCoin price was one of the worst-performing assets in the crypto market on August 15 as the broader market bearish woes overtook the optimism of recovery. However, a change in the investors’ behavior might also have a lot to contribute to the fluctuation in price at present and going forward.

Bitcoin volatility at record low as funding rate hits $200 million; signals impulse move ahead

Bitcoin (BTC) volatility has hit an all-time low, coming on the back of an extremely bored market, possibly due to the lack of proper impulse or catalyst. With extremely low volatility, money-making opportunities have shrunk, even for the most patient investors.

ARB holders' skepticism impedes Arbitrum price recovery, could result in 18% decline

Arbitrum price has noted a disappointing series of candlesticks, with the altcoin trending downwards with each passing day. As the layer-2 chain's native token continues to lose ground, it is also losing its investors' confidence, evident in the overall network changes.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

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.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.

Legal Text

Markets move fast. We move first.

Editor's Picks