Cryptocurrencies Price Prediction: Bitcoin, Polygon and VeChain – European Wrap 31 August

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC and alts could go on rollercoaster ride

Bitcoin price is currently experiencing a choppy action, while Ethereum and Ripple prices are undergoing consolidation. However, ETH and XRP might have a higher return than the big crypto since they are coiling up at crucial levels and might experience a potential upswing.

MATIC Price Prediction: Polygon hangs by a thread

Polygon (MATIC) is on the verge of breaking lower as buyers try to support price action at $1.32. Buyers have two good reasons to get in here. The volume, however, shows buyers are not convinced that this is the right time.

VeChain Price Prediction: VET readies itself for 20% gains

VeChain price has seen its volatility dry up over the past two weeks as the sell-off continued. Although this development was bearish in the short term, it could become a precursor for a massive upswing.

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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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