Cryptocurrencies Price Prediction: ApeCoin, Dogecoin & Binance Coin — Asian Wrap 23 January

FXStreet Team FXStreet

Three reasons why ApeCoin price could rally 30%

ApeCoin price has breached two distinct resistance levels in its three-week journey. APE bulls have managed to overcome the 200-day EMA, denoting a major pivot in the narrative. A breakdown of the $4.37 support level will invalidate the bullish thesis for APE.

Dogecoin price could trigger an explosive rally to $0.106 if these conditions are met

Dogecoin price shows a clear sign of bouncing off a stable support level. With the help of the resetting bullish momentum, DOGE could kick-start a quick rally. Dogecoin price has recovered above the selling climax at $0.0705 and rallied 32%.

Here’s how Binance’s $100,000 limit via Signature Bank affects BNB price

The exchange clarified that some of its users would be affected by this move, especially those trying to buy cryptocurrencies via SWIFT. Binance clarified in a note to Bloomberg that its Signature Bank has levied limitations on buying cryptocurrencies.

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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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