Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Chainlink – European Wrap 17 January

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins due for massive gains as BTC holds its ground

Bitcoin price reveals a bullish outlook albeit a slow one, providing altcoins with an opportunity to run free. The past week is a testament to the recent gains witnessed among many altcoins. While Ethereum continues to remain bullish, Ripple struggles to hold on.

Polkadot Price Prediction: DOT to provide a 20% long opportunity

Polkadot price is preparing for a massive uptrend, but it needs to overcome two significant resistance barriers. Doing so will allow DOT to rally without hesitation to another major hurdle.

Chainlink price eyes 35% gains as LINK flips crucial support level

Chainlink price shows signs that appear before the start of an uptrend. This outlook has supporting factors from both a technical and an on-chain perspective. Therefore, investors can expect LINK to start a bull rally.

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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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