Cryptocurrencies Price Prediction: Bitcoin, Ethereum & EOS – American Wrap 22 June

FXStreet Team FXStreet

Bitcoin Technical Analysis: BTC/USD fighting for $9,500 and daily EMAs

After a calm weekend, Bitcoin sees a significant bounce from $9,269 to $9,509. Bulls were stopped right at $9,500, but they have managed to push BTC above the daily 12-EMA at $9,431 and the 26-EMA a $9,424. Both EMAs were extremely close to a bear break but it seems this move will stop it.

Ethereum Market Outlook: ETH/USD eyeing up $250 and ready for another bull run after holding key trendline support level

Ethereum was losing a lot of strength in the past week but managed to stay above a long-term trendline formed on May 11. The current bounce is significant and inches away from the last daily high at $237.21. If the buyers can break and close above this level, Ethereum will be in a confirmed daily uptrend and ready to crack $250.

EOS Market Update: Cryptocurrency scam PlusToken moved $67 million in EOS to anonymous address

According to the EOSX block browser, the recipient's account with the name jnhgvbkkfdjf was created a few minutes before the transaction. At the moment the funds are still there, and there are no other operations associated with this address. Over 26 million EOS tokens ($67 million) were transferred to the initial wallet to this, according to Whale Alert.

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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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