Cryptocurrencies Price Prediction: Bitcoin, Sui & Dogecoin – European Wrap 30 October

FXStreet Team FXStreet

Bitcoin Price Forecast: Flirting with fresh all-time high

Bitcoin (BTC) is trading slightly down around $72,200 on Wednesday, just below its all-time high after reaching $73,620 on Tuesday and correcting slightly. However, BTC is likely to hit fresh all-time highs this week, bolstered by $827 million in ETFs inflows on Tuesday – its third-largest single-day inflow since launch – and analysts suggest that any dip below $70,000 is likely to attract strong buying support ahead of the US presidential election.

SUI Price Forecast: Fresh all-time high likely, fueled by increased chain activity

Sui (SUI) price trades around $2.08 on Wednesday after retesting key support and rallying 17% on Tuesday, signaling the potential for a new all-time high in the short term.

This bullish momentum is further bolstered by rising Total Value Locked (TVL) and increased decentralized exchange (DEX) trading volume, reflecting heightened trader activity and usage of the SUI ecosystem.

Top 3 meme coins Dogecoin, Shiba Inu and PEPE hold recent gains after Bitcoin’s flirt with fresh all-time high

Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE correct slightly on Wednesday after extending their gains alongside Bitcoin on Tuesday, when the king crypto marched within a touching distance to its all-time high of $73,777. The top three meme coins corrected alongside Bitcoin, and on-chain metrics show a massive spike in activity in DOGE, SHIB and PEPE prior to the price decline.

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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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