Cryptocurrencies price prediction: Bitcoin, Litecoin & Monero – European Wrap – 11 December

FXStreet Team FXStreet

Bitcoin (BTC) bulls find another evidence of BTC growth to $100,000 by the end of 2020

Bitcoin (BTC) market is painfully slow today. The first cryptocurrency dropped below the local support of $7,300 to trade marginally above $7,200 during European hours. While the first digital asset struggles to come up with a clear direction, cryptocurrency enthusiasts are looking for evidence of upcoming dramatic growth.

Litecoin (LTC) Price Analysis: LTC/USD clinches to $44.00 for dear life

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.8 billion, has been oscillating inside a tight range since the beginning of December. LTC/USD has barely changed in recent 24 hours, hovering above $44.00 barrier.

Monero (XMR) hash rate jumped by nearly 200% in seven days; price reaction is mildly positive

Monero's hash rate increased by 186% in recent days after the team released a new update with the new mining algorithm RandomX. The new rules eliminate the benefits of ASIC-based mining and increase network decentralization.

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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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