Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – American Wrap 27 April

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Bitcoin Price Analysis: Market stutters ahead of 8K

Bitcoin has been stuttering heavily over the last few days. The candles on the 4-hour chart below are short in stature and look like they are packed full of indecision. All of this hesitation comes as the market looks to target the 8K psychological level. On the left-hand side of the chart there is a red box where the market stalled in the past as the market fell. This is the same level where the bulls are struggling today and it would be good to keep an eye on the zone.

Ethereum Price Analysis: ETH/USD bulls in reaching distance of a big $200 return

Ethereum price is trading in the green by 2.35% in the session on Monday. ETH/USD bulls have been pushing higher for five consecutive sessions. A return into the $200 price mark, would very likely restore much buyer faith.

Litecoin Price Analysis: LTC/USD bulls are here to stay with $50 the game-changing barrier in sight

Litecoin price is trading in positive territory by 3.35 % in the session on Monday. LTC/USD narrowing has been observed as the price consolidates. There is a critical area of resistance just ahead at $45-46, a gateway for the $50 return.

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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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