Cryptocurrencies Price Prediction: Bitcoin Cash, Ripple & Uniswap – American Wrap 17 February

FXStreet Team FXStreet

Bitcoin Cash Price Forecast: BCH is on the verge of a 19% downswing towards $560

Bitcoin Cash price has been slowly climbing from a low of $601 on February 15 to $719 at the time of writing but could be on the verge of collapsing. There are many indicators that show BCH is extremely bearish and awaits a 19% downswing.

Ripple Price Forecast: XRP is about to breakout to $0.65

After a significant rebound from its local bottom at $0.30, XRP has managed to hit $0.64 again thanks to an initial pump that started on January 30 from the WallStreetBets community on Reddit. Ripple price is ready for another leg up as technicals scream buy.

Uniswap Price Prediction: UNI at risk of falling towards $14 as whales go into a selling frenzy

Uniswap has been trading inside a strong uptrend since December 2020. However, in the past week, there has been a significant shift in momentum in favor of the bears which are looking for a massive 25% breakdown.

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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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