Cryptocurrencies Price Prediction: Binance Coin, Ripple & Bitcoin — American Wrap 27 November

FXStreet Team FXStreet

BNB price loses key support as US DoJ calls Binance CEO Changpeng Zhao a flight risk

Binance Coin (BNB) price is suffering in the aftermath of the US government clamping down on the world’s largest cryptocurrency exchange and its CEO, Changpeng Zhao (CZ).

XRP price defends the $0.5981 support amid links between Ripple protocol and Metaco’s banking clients

Ripple (XRP) price may very well have secured a U-turn, coming on the back of the partnership between Ripple Labs and Metaco, with the move forecasting new interest coming into the XRP token as investors look to venture into a project that has some degree of regulatory clarity.

Week Ahead: Bitcoin’s bull trend in question as spot ETF momentum fades

This week will be crucial in determining Bitcoin’s directional bias since some traders suggest the possibility of a continued run-up while others hint at a potential reversal to $35,000 or lower. Regardless, investors need to watch out for these events in the coming week.

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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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