Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Crypto – European Wrap 19 February

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Bitcoin Price Forecast: BTC volatility hits multi-month lows, raising concerns of liquidation cascades

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 for two weeks. Defund exchange FTX repayments on Tuesday dipped Bitcoin towards its lower boundary of the consolidating range. A K33 report highlights volumes, yields, options premiums, and Exchange Traded Funds (ETF) flows have moved to areas not seen since before the US Presidential election in November, with volatility at multi-month lows and raising concerns of liquidation cascades.

Litecoin bulls target $170 mark as open interest reaches four-year high of $887 million

Litecoin (LTC) price extends its gains and recovers above the $135.00 level on Wednesday, rallying over 7% so far this week. LTC’s open interest hints at a continuation of the rally as it reaches the highest level since May 12, 2021, of $887 million. Senior ETF analyst at Bloomberg reports a 90% chance of approval for Litecoin Exchange Traded Funds (ETFs), further supporting LTC’s bullish outlook.

CZ says crypto wallets should replace exchanges for everyday use

Former Binance CEO CZ believes crypto wallets should be used for daily transactions, while exchanges should serve only professional traders and liquidity providers.

Former Binance CEO CZ believes that crypto wallets should be the primary tool for everyday blockchain transactions, while exchanges should mainly serve professional traders. He shared this view in a discussion with Trust Wallet CEO Eowyn Chen, highlighting how wallets are evolving beyond simple storage.

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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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