Cryptocurrencies Price Prediction: Bitcoin, Ripple & EOS – European Wrap 29 May

FXStreet Team FXStreet

Bitcoin Price Update: BTC/USD ready for the moon once $9,600 is cleared

Bitcoin (BTC) extended the decline after an unsuccessful attempt to clear the resistance area of $9,500-$9,600. At the time of writing, BTC/USD is changing hands at $9,380, down nearly 2% since the beginning of the day. Bitcoin’s market capitalization is registered at $172 billion, which is 66% of the total digital assets value.

Ripple Weekly Forecast: XRP/USD stares into consolidation under $0.20 as Bitcoin spikes past $9,600

Ripple price has been lethargic in trading this week. On the downside, support established at $0.19 averted the sellers’ mission to retest May lows at $0.1750. Over the last 24 hours, there was an incredible performance in prices across the board especially for Bitcoin (BTC). Ripple is back to trading under $0.20 following a 1.05% loss on the day.

EOS Price Predictions: EOS/USD slumps below 4-hour SMA200, focus on $2.54

EOS/USD attempted a recovery above 4-hour SMA200 (currently at $2.65) and touched the intraday high at $2.67. However, the upside momentum proved unsustainable as the price of the digital asset dropped to $2.62, losing over 1% of its value in a matter of minutes. Since the start of the day, EOS/USD has barely changed, though it is still 3.5% higher from this time on Thursday.

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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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