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Cryptocurrencies Price Prediction: Avalanche, Bitcoin & TRUMP – Asian Wrap 23 May

Cryptocurrencies Price Prediction: Avalanche, Bitcoin & TRUMP – Asian Wrap 23 May
FXStreet TeamFXStreet TeamFXStreet

Avalanche Price Forecast: AVAX eyes $30 as FIFA, VanEck back blockchain ecosystem

Avalanche (AVAX) is gaining bullish momentum, extending gains on Friday, trading at $25.74 as investor confidence grows on the back of two major developments. The Fédération Internationale de Football Association (FIFA), football’s global governing body, has announced plans to build its own Layer-1 blockchain on the Avalanche network. Meanwhile, investment firm VanEck is preparing to launch a purpose-built fund focused on real-world applications within the Avalanche ecosystem. These strategic developments fuel optimism for AVAX, with bulls setting their sights on the key $30 level. 

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls set sights on $120K BTC, $3K ETH, and $3 XRP

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continue to show signs of strength heading into the weekend, with bullish sentiment lifting prices. BTC is holding steady above $111,000 as traders eye the long-awaited $120,000 milestone. Meanwhile, ETH and XRP prices found support at their key levels, suggesting the uptrend may carry ETH toward $3,000 and XRP toward $3.

TRUMP meme coin sees rejection at $16, legislators target President Trump's crypto ties ahead of gala with holders

Official Trump (TRUMP) meme coin saw a rejection at $16 on Thursday ahead of a crypto dinner between token holders and President Trump. The dinner comes amid backlash from lawmakers who introduced the Stop TRUMP in Crypto Act to halt the President's involvement in digital assets.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Crypto Overview: Bitcoin remains vulnerable – Venice, Sky extend gains

Crypto Overview: Bitcoin remains vulnerable – Venice, Sky extend gains

Bitcoin hovers above $64,000 facing persistent headwinds amid hopes of a potential bullish reversal. Crypto market sentiment shows early signs of shifting away from risk-averse conditions, while Venice Token (VVV) and SKY are leading gains over the past 24 hours.

Top 3 Price Prediction: BTC breaks 50-day EMA, ETH near critical resistance, XRP hints mild recovery

Top 3 Price Prediction: BTC breaks 50-day EMA, ETH near critical resistance, XRP hints mild recovery

Bitcoin shows early signs of recovery, trading around $63,400 after a 2.9% gain and a close above key resistance earlier this week. Ethereum continues to trade sideways, nearing the upper consolidation range near $1,919, where a close above this level suggests a rally ahead.

Ethereum Price Forecast: Investors remain on the sidelines

Ethereum Price Forecast: Investors remain on the sidelines

Ethereum continued its consolidation pattern over the past week with several key on-chain and derivatives metrics indicating traders remain hesitant to return to the market. The holdings across several wallet cohorts remained largely unchanged over the past week. Wallets holding 10K-100K ETH, also classified as whales, saw modest inflows of only 10K ETH.

SEC proposes 'Regulation Crypto Assets' to clarify fundraising rules for crypto firms

SEC proposes 'Regulation Crypto Assets' to clarify fundraising rules for crypto firms

The US Securities and Exchange Commission (SEC) on Tuesday proposed "Regulation Crypto Assets," a new regulatory framework for certain crypto asset investment contracts. The proposal outlines exemptions that would allow eligible issuers to raise capital without registering offerings under the Securities Act.
Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.