Cryptocurrencies Price Prediction: Bitcoin, Stellar Lumens and Shiba Inu – European Wrap 2 September

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC kick-starts second phase of bull run, joins altcoins

Bitcoin price saw its uptrend being thwarted multiple times over the past week. However, the recent upswing seems to be taking a second jab at this barrier and is likely to push through it, restarting the bull run.

XLM Price Prediction: Stellar prepares for 40% climb

XLM price is showing signs of a breakout from a bullish pattern that could kick-start a massive upswing. However, Stellar needs to clear significant barriers before it embarks on the journey. Failure to do so will delay the rally and, in some cases, even invalidate the bullish thesis.

Shiba Inu price shows signs of bull trap at $0.0000076

Shiba Inu (SHIB) price is on a choppy road and giving both buyers and sellers headaches. Price action has been descending since August 17, but it was only until August 21 that markets got confirmation of a descending trend line (purple). Sellers eagerly jumped on the signals and succeeded in driving prices below the significant $0.00000760 level. The break of this level resulted in a classic short with a failed test to break above again. The rejection got confirmed three times more before price action dipped further to $0.00000650.

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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?

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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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