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

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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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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.