Cryptocurrencies Price Prediction: Bitcoin, Render & Ocean Protocol — Asian Wrap 20 February

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC shows weakness, likely to provoke a cascade of chops

Bitcoin (BTC) price’s bullish breakout appears to be losing steam, with the sentiment spreading across the market and leaving Ethereum (ETH) and altcoins in general susceptible to a crash. Meanwhile, Ripple (XRP) price is an outlier, pushing north on the heels of developments in the legal front.

Render price uptrend likely not over amid AI crypto coin euphoria

Render (RNDR) price is trading with a bullish bias, recording a series of higher highs and higher lows since the last week of January. From a technical and on-chain perspective, the upside potential for the AI crypto coin may not be over just yet as AI tokens rally ahead of Nvidia earnings.

Ocean Protocol Price Prediction: OCEAN could provide another buying opportunity before next leg up

Ocean Protocol (OCEAN) price has soared in February, rallying alongside its peers in the AI crypto sector. The frenzy has been driven by Nvidia earnings euphoria as well as broader market optimism.

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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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