|

Cryptocurrencies Price Prediction: Bitcoin, Cosmos & Cryptos— American Wrap 17 April

Crypto exchange Bittrex and CEO charged by SEC for violating federal laws, deleting “problematic statements”

The Securities and Exchange Commission’s (SEC) regulatory crackdown continues, with the crypto exchange Bittrex becoming the next target. Along with its CEO William Shihara, the platform has been charged by the SEC for failing to comply with multiple federal laws.
 
This article will get a little technical and interesting for traders. The main topic addressed is Bitcoin price and its local top for the ongoing bull rally. The secondary topic will be an alt season and why Layer 2 tokens, especially, Optimism, will rally next.
Also read: Bitcoin Weekly Forecast: What to expect from BTC after overcoming $30,000
Cosmos (ATOM) price was printing a solid performance last week with a 14% gain in the books on which a few traders profited in ASIA PAC trading on Monday. Although that might give a little bit of stress to traders that are still in, it will pay off soon to stick to the position and keep riding the trend higher. Even if ATOM is not breaking out of the flag formation, at least a 15% gain will be had for those who wait until the upper band is tested.
ATOM/USD  Weekly chart    

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.