Cryptocurrencies Price Prediction: Bitcoin Cash, Bitcoin & Binance Coin – Asian Wrap 05 March

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Bitcoin Cash Price Forecast: BCH rallies as transaction rate reaches a new all-time high

Bitcoin Cash (BCH) price is rallying more than 7%, trading around $342 on Wednesday after retesting its key support level the previous day. On-chain metrics support the bullish outlook as BCH’s transaction rate reaches a new high, and open interest is also rising. Moreover, the technical outlook suggests a rally ahead, targeting the $390.5 level.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP signal recovery ahead of White House Crypto Summit

Bitcoin (BTC) hovers around $87,600 on Wednesday after finding support around its key level the previous day. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and have retested their key support levels, hinting at a recovery ahead of an upcoming White House Crypto Summit, where officials will explain their full plan for the reserve and what it means for the future of digital money in the US.

Binance media traction drops 103% as Trump excluded BNB from crypto strategic reserve: How will price react?

Binance Coin (BNB) price stabilized at $560 on Tuesday, with its 9% decline representing the lowest losses among the top five crypto assets. Rising trading volumes appear to be cushioning the impact of negative market sentiment following Trump’s decision to exclude BNB from the newly established Crypto strategic reserve.

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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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