Cryptocurrencies Price Prediction: Bitcoin, Solana & Ethena – European Wrap 28 October

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC holds above $114,000 amid a fresh wave of institutional accumulation

Bitcoin (BTC) is trading above $114,000 at the time of writing on Tuesday, after finding support around the key level. A steady stream of capital from spot Bitcoin ETFs and fresh accumulation by institutions like Strategy and American Bitcoin highlight growing confidence, setting the stage for a potential continuation of the bullish trend.

Solana ETFs may attract $6B in first year as SOL joins ‘big league’

Investors are closely watching the launch of the first Solana staking exchange-traded fund (ETF), a move expected to inject billions of dollars into Solana and the broader altcoin market.

Ethena Price Forecast: ENA flips bearish as DeFi TVL, Open Interest decline

Ethena (ENA) is down nearly 2% at press time on Tuesday, extending this week's loss to almost 5%. A decline in both on-chain and retail demand could result in further losses for the synthetic Dollar token.

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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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