Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple — Asian Wrap 22 January

FXStreet Team FXStreet

Will Bitcoin price reach $200K after Trump’s inauguration? BitDCA CTO weighs MicroStrategy, El-Salvador impact

Bitcoin price hit a new all-time high of above $109,000 amid Trump’s inauguration on Monday. With on-chain data trends showing that institutional players have been dominant during the latest BTC rally, Ondřej Kavka, CTO and Co-founder at BitDCA has hinted how recent accumulation wave from whale entities like MicroStrategy and El-Salvador could influence retail traders in 2025.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP rallies as MicroStrategy adds 11,000 BTC

Bitcoin (BTC) and Ethereum (ETH) prices remain strong, eyeing further rally ahead. At the same time, Ripple (XRP) continued its rally on Wednesday and could aim for the symmetrical triangle target at $3.63.

Ripple's XRP rally fueled by growing institutional interest as SEC forms crypto task force

Ripple (XRP) is up 3% on Wednesday after the Securities and Exchange Commission (SEC) announced the formation of a new cryptocurrency task force. This task force is responsible for developing a more comprehensive framework for digital assets. In light of this announcement, asset managers have begun increasing their filings for an XRP exchange-traded fund (ETF).

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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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