Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & XRP – European Wrap 29 May

FXStreet Team FXStreet

Dogecoin retakes meme coin throne as Shiba Inu, Pepe mania fades

Dogecoin (DOGE), a leading meme coin in the crypto ecosystem, has seen a spike in activity from large wallet investors, popularly known as whales. The uptick in activity and recent price increases has placed Dogecoin as the biggest meme coin by market capitalization for the first time in around two months, regaining a leading position after Shiba Inu and PEPE took the center stage for most of April and May.

Moving past debt-ceiling woes, Bitcoin turns attention to bigger issues

The announcement of the debt ceiling deal triggered a natural spike in interest in Bitcoin on the expectation of increased retail interest in risk assets as institutional investors in Europe and America head off for a long weekend.

Pro-XRP attorney predicts the altcoin’s rally to $2 ahead of SEC vs. Ripple verdict

The community of XRP token holders await a verdict in the US Securities and Exchange Commission’s (SEC) lawsuit against Ripple. Three key aspects of the case could influence the verdict and subsequently XRP price: the emails from former director of the SEC’s division of corporate finance, Ripple’s fair notice defense and the consideration of whether sales are done in primary or secondary markets

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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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