Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 18 May

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Bitcoin Price Analysis: BTC/USD moves towards $10,000 at a snail's pace – Confluence Detector

Bitcoin (BTC) has extended the recovery from the intraday low into the US opening. At the time of writing, BTC/USD is changing hands above $9,700, mostly unchanged both on a day-to-day basis and since the beginning of Monday. On the intraday charts, BTC is supported by 1-hour SMA50 (currently at $9,600), while the ultimate bullish target is created by a psychological $10,000.

ETH/USD: Ethereum 2.0 testnet forked, market participants say it's OK

Schlesi, a testnet designed for public testing of Ethereum 2.0, forked on Sunday, May 17. The unexpected split took place at slot 141,184, which resulted in the creation of different slots that were validated independently.

Ethereum (ETH) 2.0 entered the public testing in the first quarter of 2020. Prysmatic Labs, PegaSys, Sigma Prime, Nimbus, and some other teams released their testnet environments for validators. This is the first known fork of the Ethereum (ETH) 2.0 multi-client testnet sandbox.

XRP/USD: Ripple's solutions may increase the transparency within the banking system - CFPB

Ripple’s XRP hit the intraday high at $0.2080 during early Asian hours and retreated to $0.2030 by the time of writing. Despite the sell-off, the coin is still 6% from the beginning of the day and mostly unchanged on a day-to-day basis. Its current market capitalization is $8.9 billion and an average daily trading volume of $1.9 billion. The coin has been trading within a short-term bullish bias amid low volatility.

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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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