Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Cardano – American Wrap 28 May

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Bitcoin Price Forecast: BTC/USD ready for further growth after a move above $9,300 – Confluence Detector

BTC/USD tested $9,500 during early US hours and settled at $9,450 by press time. The sustainable move above $9,300 improved the technical picture and opened up the way to the next resistance created by $9,500-$9,600 that separates the price from a straight move to $10,000. BTC/USD has gained over 2.5% in recent 24 hours, while its market share increased to 66.3%

Litecoin Price Analysis: LTC is right at the influential 55 EMA

Litecoin is having a good session on Thursday and trades almost 1% higher on the session. The main feature on the chart below is the fact that the price is heading toward the 55 EMA once again. Historically the price has reacted well and the EMA has been used as support and resistance many times.

Cardano Price Analysis: ADA/USD is on fire, gains over 1% in a matter of minutes

Cardano (ADA) is changing hands at $0.0590 amid strong bullish sentiments. The coin has gained over 1% in a matter of minutes and the upside trend is gaining traction. The coin has been oscillating in a tight range limited by $0.0555 on the upside an $0.0540 on the downside for the best part of the day.

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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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