Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Ripple – European Wrap 11 May

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Bitcoin Price Analysis: Bitcoin halving dilemma surge to $19,800 or nosedive to $4,000 – Confluence Detector

Bitcoin is currently exchanging hands at $8,683 at the time of writing. The price has recovered slightly from the dip to $8,100. An intraday high has been achieved at $8,812 (short term resistance level). Glancing further up $9,000 is the next resistance; that if broken could pave the way for the leg up to the critical resistance at $10,120 (previous week high).

LTC/USD: 38% of crypto-focused hedge-funds trade Litecoin

The total value of assets managed by cryptocurrency-focused hedge funds has increased significantly in 2019, according to the recent survey, provided by PwC and Elwood Asset Management Services. The investment company that specializes in virtual assets found out that the total value of assets under management (AUM) increased by more than $1 billion in 2019, which was partially caused by Bitcoin’s price recovery after the crypto winter.

XRP/USD: Ripple’s David Schwartz explains why 98% XRP transactions have zero value

‏‏‎According to the research paper published on the website of Cornell University, an overwhelming majority of transactions of XRP Ledger had been pointless and only 2% of all 2% of all XRP transactions led to value transfers.

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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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