Cryptocurrencies price prediction: Bitcoin, Ethereum & TRON – European Wrap – 7 February

FXStreet Team FXStreet

Bitcoin boosted on “Crypto Mom” comments, $10,000 still intact

Bitcoin has settled above $9,700 during early Asian hours on Friday. The first digital asset has gained 1.5% on a day-to-day basis and stayed unchanged since the beginning of the day. BTC reached new high of 2020 at $9,841 on Thursday. Bitcoin's market dominance settled at 64.1%, while a number of accounts in the money increased to 80%.

Ethereum Price Analysis: ETH/USD hist new high of 2020, SMA200 weekly in sight

Ethereum (ETH) tested new of $223.39 during earlu European hours and retreated to $221.8 by press time. The coin has gained over 5% and 4% since the beginning of Thursday. ETH/USD has been growing rapidly amid the recovery on the cryptocurrency market.

Tron Price Analysis: TRX/USD on the verge of strong growth as $0.0230 is broken

Tron, now the 11th largest digital asset with the current market value of $1.5 billion, has gained over 12% in recent 24 hours to trade at $0.02320 at the time of writing. TRX/USD hit $0.02377 on Friday amid a strong bullish wave triggered by market fundamentals ab positive technical developments. An average daily trading volume spiked to $1.9 billion from $1.4 billion the day before.

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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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