Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Ethereum – European Wrap 17 October

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets hope for a better outcome amid multiplying hurdles

Bitcoin price shows a lack of volatility after the Consumer Price Index (CPI) announcement on October 13. The weekend was lackluster and did not produce any significant moves, however, the Asian session seems to be taking an interest in pushing BTC higher, which could result in Ethereum, Ripple and altcoins rallying.

Chainlink ready to break the internet, is CCIP a global open-source standard?

Chainlink is one of the top three altcoins according to proponents and analysts who evaluated the altcoin and its Cross Chain Interoperability Protocol (CCIP). Jon Melillo, a crypto analyst and trader revealed his bullish outlook on Chainlink.

Ethereum price action could jump in a calm week

Ethereum (ETH) price action has seen a strong recovery that started on Sunday after the dust settled following the events of last week. Additionally, a lack of big catalysing events on the data front this week suggests a window of calmness may open up for markets. During this time ETH price action will probably try to eke out some gains as markets turn their focus instead to quarterly earnings from Netflix, Goldman Sachs and Snap later this 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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