Cryptocurrencies Price Prediction: BNB, Bitcoin & Ethereum — Asian Wrap 26 September

FXStreet Team FXStreet

BNB Price Forecast: BNB risks a 10% drop as sell-off wave amplifies

BNB (BNB), previously known as Binance coin, trades below $1,000 after the 7% drop on the previous day. At the time of writing, BNB extends the loss by nearly 1% on Friday, approaching the support trendline of a rising channel. Both the derivatives and technical outlook suggest a sudden decline in buying pressure, flashing risks of further correction.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP stabilize after massive correction

Bitcoin price failed to find support around the daily level of $116,000 on September 19 and declined 3.19% over the next four days, closing below the 50-day Exponential Moving Average at $113,490 on Monday. BTC recovered slightly on Wednesday, but failed to close above the 50-day EMA and declined 3.81% the next day, closing below the ascending trendline. At the time of writing on Friday, it trades at around $109,600. If BTC continues to correct, it could extend the decline toward the daily support at $107,245.

Ethereum Price Forecast: ETH dips below $4,000, sparks heavy liquidations as REX-Osprey debuts staking Ether ETF

Ethereum (ETH) is declining below $4,000 on Thursday, accelerating liquidations among holders of long positions on ETH futures. Long liquidations surged above $400 million for the second time in four days as prevailing bearish sentiment in the crypto market continues to weigh on Ethereum. The decline comes after FXStreet noticed ETH funding rates flashed negative on Wednesday. Despite the prevailing bearish sentiment, REX Shares debuted the first Ethereum staking ETF in the United States.

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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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