Cryptocurrencies Price Prediction: Bitcoin, Cardano & Ethereum – American Wrap 26 November

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Bitcoin Weekly Forecast: BTC price at key support screams ‘buy the dip’

Bitcoin price kick-started a minor uptrend on November 24 but is experiencing a slowdown before reaching its intended target. From a higher time frame perspective, things look to be stationary as BTC continues to consolidate.

Cardano could tank to $1 if ADA fails to defend crucial support

Cardano price seems to be continuing its downtrend without any signs of a let up. ADA has sliced through a wide area of support, hinting at a massive crash, however, this bearish outlook is contingent on one more key foothold giving way.

Bitcoin, Ethereum, XRP at discount ahead of Black Friday while investors fear new COVID strain

As news of the new Covid variant spreads, asset prices in crypto and equities markets have plunged, with Bitcoin price dropping below $55,000 for the first time in the past 30 days.

Global markets spooked today on this new covid variant. Big moves across global markets. Growth stocks trashed, crude oil lower, rates down, rotation back to tech. Traders pricing in higher odds of renewed lockdowns on low liquidity conditions. It's OK, no covid in the metaverse https://t.co/WF1Zv4pfxM
— Alex Krüger (@krugermacro) November 26, 2021

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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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