Cryptocurrencies Price Prediction: Bitcoin, Litecoin and Polkadot – European Wrap 21 September

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears might take another stab due to FOMC

Bitcoin price has shown resilience to sellers as buyers stepped in after retesting a historically strong support level. This development has caused Ethereum, Ripple and other altcoins to trigger a premature rally.

Litecoin Price Forecast: LTC could crash 65% if its bearish fate plays out

Litecoin price shows a rather bearish outlook from a higher time frame perspective, which hints at a steep correction awaiting the altcoin. To make matters worse, this pattern has already confirmed a breakdown, indicating that the fate of LTC holders has already been decided.

Polkadot price goes nose down in the dirt

Polkadot (DOT) price is on the cusp of breaking below $6.23 as pressure keeps building and the week reaches its boiling point. After the war comments from Putin this morning, and the Fed, BoE and other central banks ready to hike even more, further tightening and risk aversion are creeping into the already battered markets. Cryptocurrencies are taking a step back and there is a risk DOT price could soon collapse under bearish pressure, opening up room for a crash to $1.42 in the medium-term.

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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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