Cryptocurrencies Price Prediction: Bitcoin, Ripple & Litecoin – European Wrap 24 June

FXStreet Team FXStreet

Bitcoin Price Update: BTC/USD dives below $9,500 amid the sell-off on the cryptocurrency markets

Bitcoin (BTC) dropped below $9,500 and tested the $9,476 by the time of writing. The first digital asset has been ragebound above $9,700 since the beginning of the week; however the lack of the follow through demotivated the bulls and pushed the price mack inside the previous consolidation range.

Ripple Market Update: XRP/USD bulls take another short at $0.19, rendezvous at $0.20

Ripple price has embarked on the ultimate journey towards $0.20 following another shot at the seller congestion zone, $0.19. The recovery commenced in the Asian session on Wednesday but was only able to take down the barrier at $0.19 in the ongoing European session. At the time of writing, XRP/USD is teetering at $0.1904 amid a building bullish momentum.

Litecoin Price Analysis: LTC/USD explores support area on approach to $43.00

Litecoin (LTC) dropped from the intraday high of $44.60 and tested $43.16 amid sharp sell-off across the board. At the time of writing, LTC/USD is changing hands at $43.39, down nearly 2% since the start of the day. Litecoin is the seventh largest digital asset with the current market value of $2.8 billion and an average daily trading volume of $1.39 billion.

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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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