Cryptocurrencies Price Prediction: Bitcoin, Solana & Crypto – European Wrap 17 September

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC steadies above $116,000 ahead of Fed decision as traders eye breakout

Bitcoin (BTC) steadies above $116,000 at the time of writing on Wednesday, with traders bracing for heightened volatility following the Federal Reserve’s (Fed) rate cut decision later today. While a breakout toward $120,000 remains in play, on-chain data suggests uneven sentiment across the cryptocurrency market, increasing the risk of a sell-the-news reaction.

Solana Price Forecast: SOL eyes 27% rise as Forward Industries announces $4 billion equity offering

Solana (SOL) edges lower toward the $230 short-term support at the time of writing as investors look forward to the United States (US) Federal Reserve (Fed) interest rate decision later on Wednesday.

Crypto Today: BTC, ETH steady and XRP slides as Fed interest-rate cut looms

Bitcoin (BTC) exhibits subtle bullish potential, trading marginally below $117,000 at the time of writing after pulling back from an intraday high of $117,286. The uptick in price can be attributed to several factors, including steady United States (US) Exchange Traded Funds (ETF) inflows and growing optimism that the Federal Reserve (Fed) could deliver an interest rate cut later on Wednesday.

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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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