Cryptocurrencies Price Prediction: Bitcoin, Cardano and Polygon – European Wrap 20 June

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets recover from weekend bloodbath but not for long

Bitcoin price has shown incredible elasticity after it snapped back after dipping below a stable support level. This quick but small recovery has caused some altcoins – not Ethereum and Ripple – to bounce massively. Synthetic (SNX) price has rallied 121% over the last day or so.

How will ADA price react to Cardano’s Vasil hard fork delay?

Cardano price has been hovering above a stable but intermediate support level since May 13. This range tightening suggests that a breakout move is around the corner. While the technicals remain range bound, there seems to be tensions around the Vasil hard fork and rumors that it could be delayed.

Polygon’s MATIC price at risk of further downside despite recent rebound

Polygon (MATIC) price is set to fall to a historically important low projected at $0.269. In the aftermath of the seismic shock which sent Bitcoin tanking massively over the weekend, MATIC price could be next to suffer from the spillover effect. Buying the dip must be done cautiously, with clear stop losses and good trade management, or otherwise, the position will be at risk of getting burned.

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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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