Cryptocurrencies Price Prediction: Bitcoin, Ripple and Crypto.com – European Wrap 10 February

FXStreet Team FXStreet

Bitcoin Weekly Forecast: Crypto markets bullish no more?

Bitcoin price is trying its best to break free from the macro bearish regime, and the 2023 rally is a testament to this. Although the 48% upswing has slowed, it is still too early to say whether this is just a minor pullback or a resumption of the longer-term bear trend.

Ripple is pointing higher

XRPUSD is showing nice and clean bullish setup formation in the 4-hour chart that can send the price higher, at least up to 0.50 resistance area for wave (C) or maybe even higher within wave (3).

Crypto.com Coin price at crucial level as major rout could be next

The price of Crypto.com Coin (CRO) took a strong uppercut of 8% losses as bulls were knocked out against the ropes Thursday. In a ninja-type of event, bears suddenly swarmed the market and sparked sell-offs across the board in bonds, equities and cryptocurrencies. Several warnings were already issued throughout the week that tail risks were flaring up again, and the message from Federal Reserve Chair Jerome Powell on Tuesday was initially perceived as dovish by markets before its hawkish intent was digested later in the week.

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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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