Cryptocurrencies Price Prediction: Bitcoin Gold, Ripple & IOTA – European Wrap 17 June

FXStreet Team FXStreet

Bitcoin Gold Price Forecast: BTG/USD 2% recovery hits wall at 50 SMA, what next?

Bitcoin Gold is among the best performing digital assets in the market on Wednesday, especially during the European session. Recovery has been staged from Monday’s losses at $8.06. Looking back the price has been in a downward trend since the hurdle at $10.00 in the first week of June.

Ripple Market Update: Ripple makes its way to top-50 disruptors of 2020

CNBC, an American news media corporation, published a list of 50 disrupters of 2020, the companies that made an impact in the year. Ripple took the 28th place in the rating and become was the only digital currency project that made its way in the list.

IOTA Price Analysis: IOT/USD unlikely to break above $0.2300

IOTA is the 23th largest digital asset with the current market value of $627 million and an average daily trading volume of $12 million. The coin has gained over 2% in the recent 24 hours and over 3% since the start of Wednesday to trade at $0.2266 at the time of writing. IOT/USD is recovering after the recent sell-off in sync with the market.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

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.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.

Legal Text

Markets move fast. We move first.

Editor's Picks