Cryptocurrencies Price Prediction: Bitcoin, Near Protocol & Ondo — Asian Wrap 04 April

FXStreet Team FXStreet

Bitcoin price extends retreat from $69K threshold as BTC bulls wait for safer entry

Bitcoin (BTC) price directional bias is on the balance as it sits atop a critical support for the second day in a row. The pioneer cryptocurrency reacted to the speech of Federal Reserve chair Jerome Powell with an abysmal move that lasted only briefly before falling back to its initial lull.

Near Protocol price poised for a strong rally if history rhymes

Near Protocol (NEAR) price has broken above two critical roadblocks over the past year. After the first breakout, which happened around December, the AI crypto coin retested the blockade as part of a confirmation of the breakout.

Ondo price could soar to $1 if ONDO retakes this support-resistance

Ondo (ONDO) price continues to show weakness, aligning with broader market sentiment as altcoins take their cues from Bitcoin (BTC). The altcoin has managed to trade within a range, clinging to a crucial level as it repelled further to the downside.

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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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