Cryptocurrencies Price Prediction: Bitcoin, SafeMoon & Aave — Asian Wrap 15 December

FXStreet Team FXStreet

Bitcoin price touches $43,000 as SEC Chair Gensler justifies the “new look” at spot BTC ETF

Bitcoin price had a rather wild day on Thursday after the cryptocurrency oscillated in both upward and downward directions owing to mixed signals from the market. The Securities and Exchange Commission (SEC) Chair discussed the upcoming spot BTC ETFs, sharing insights on how their decision has been affected by the courts.

SafeMoon price crashes by 18% as it officially files for Chapter 7 bankruptcy

SafeMoon price took the brunt on Friday after the company seemingly collapsed and filed for bankruptcy. The filing came a little over a month and a half after the US Department of Justice arrested key members of the company for defrauding their customers for millions of dollars.

Aave price could rise 7% as AAVE community approves ABE Governance V3 activation

Aave (AAVE) price is on course to recover the ground lost beginning early December after the decentralized finance (DeFi) token’s price was rejected from a barricade that has proved formidable time and again. As the token makes another attempt north, new bullish fundamentals could make the cause a success.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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