Cryptocurrencies Price Prediction: Bittensor, Curve DAO & Ethereum — Asian Wrap 16 July

FXStreet Team FXStreet

AI tokens to watch for: TAO, NEAR, ICP surge amid Google, Meta investment pledges

Artificial Intelligence (AI) tokens such as Bittensor (TAO), Near Protocol (NEAR), and Internet Computer (ICP) surged on Tuesday with Trump’s energy and AI innovation push. The investment pledges were made by American tech giants, including Google and Meta, as part of Donald Trump’s announcement of $90 billion in energy and AI investments in Pennsylvania. Bittensor edges lower by nearly 1% at press time on Wednesday from an eight-month resistance trendline formed by connecting the December 10 and May 22 peaks.

Top Crypto Gainers: ENS, CRV, SEI – Bulls eye further gains amid breakout runs, golden crossovers

CRV edges higher by 4% so far on Wednesday, maintaining its uptrend for the fourth consecutive day. The uptrend targets the 50% Fibonacci retracement level at $0.80, drawn from the $1.24 close on December 6 to the $0.36 close on March 10. A daily close above this level could extend the uptrend to the 61.8% Fibonacci level at $0.91.

Ethereum Price Forecast: ETH defies market correction as SharpLink becomes top corporate ETH holder

Ethereum (ETH) racked up a 2% gain on Tuesday, defying the correction seen in Bitcoin and other top cryptocurrencies after SharpLink Gaming revealed it expanded its treasury holdings to over 280,000 ETH in the past week.

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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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