Cryptocurrencies Price Prediction: Bitcoin, ApeCoin & Aptos — Asian Wrap 07 February

FXStreet Team FXStreet

Bitcoin price sustains uptrend as Chinese investors stampede out of local market in favor of US-focused ETFs

Bitcoin (BTC) price continues to sustain its bullish outlook, holding above a key support level. Among other drivers, the spot BTC exchange-traded fund (ETF) theme continues to drive markets even as investor countdown to the halving event continues.

ApeCoin Price Prediction: An 8% fall seems likely for APE with multiple bearish signals at play

ApeCoin (APE) price is trading with a bearish bias, trapped within the confines of the Bollinger indicator. With the upper and lower bands of this technical tool coming together, the volatility contraction could see APE record a bold move soon.

Aptos price nosedives 10% in February despite foundation's first-ever online hackathon

Aptos (APT) price is trading with a bearish lean in February despite a notable surge during the last stretch of January. It comes amid an ongoing choppy altcoin market, with cryptocurrencies suffering in the wake of an indecisive Bitcoin (BTC) market as traders await the next volatility expansion.

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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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