Cryptocurrencies Price Prediction: Bittensor, Hedera & Official Trump — Asian Wrap 30 October

FXStreet Team FXStreet

Bittensor Price Forecast: Safello’s staked TAO ETP boosts momentum, bulls aim for $500

Bittensor (TAO) extends the uptrend for the sixth consecutive day, rising towards $450 as Deutsche Digital Assets and Safello plan to launch a staked TAO Exchange Traded Product (ETP) (STAO) on SIX Swiss Exchange in November. At the time of writing, TAO is up 1% on Thursday, aiming for a breakout rally to the $500 milestone as derivative traders bet on further gains.

Hedera Price Forecast: HBAR extends rally after ETF debut and bullish on-chain activity

Hedera (HBAR) price extends its gains, trading above $0.20 at the time of writing on Thursday after rallying over 13% so far this week. The recent launch of HBAR’s spot Exchange Traded Fund (ETF) on the NYSE further supported the bullish outlook, attracting $8 million in first-day trading volume. Moreover, on-chain data and the technical outlook suggest further gains, with whale accumulation rising and indicators hinting at bullish momentum.

Top Crypto Gainers: Official Trump, Pump.fun, and Zcash extend recovery

The Official Trump token edges higher by over 2% at press time on Thursday, extending the 15% gains from Wednesday. The official meme coin of the US President Donald Trump breaks out of a falling channel pattern on the daily chart, aiming for the R1 Pivot Point at $8.973. If TRUMP exceeds this level, the next key resistance is at the 200-day Exponential Moving Average (EMA) at $9.913 and the R2 Pivot Point at $10.577.

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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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