Cryptocurrencies Price Prediction: Dogecoin, BNB & Bitcoin — Asian Wrap 13 October

FXStreet Team FXStreet

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe stabilize as selling pressure wanes

Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) mark a positive start to the week, following a rebound on Sunday. Recovering from Friday’s market crash, which saw liquidation of over $19 billion in a day, the retail demand is gradually resurfacing, per derivatives data. At the same time, on-chain data indicates a decline in selling pressure alongside the demand surge among large and mid-size wallet investors, which could foster conditions for an extended recovery.

BNB Price Forecast: BNB nears record high as recovery accelerates, CZ points to genuine market demand

BNB (BNB), formerly known as Binance Coin, is showing a strong recovery as it approaches its record highs, with the price rebounding to around $1,300 on Monday after a recent correction. Binance founder Changpeng Zhao (CZ) highlighted on Twitter the token’s robust performance, noting that BNB’s rally is driven by genuine market demand without the involvement of market makers, signaling continued bullish sentiment among investors. On the technical side, indicators suggest rally continuation targeting new record highs.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP stage mild recovery after sharp correction

Bitcoin price faced rejection after reaching a new all-time high of $126,199 on October 6. It then declined, reaching a daily low of $102,000 on Friday and fell more than 11% from Tuesday's high to Saturday's low. However, BTC recovered slightly on Sunday, closing above 114,900. At the time of writing on Monday, it hovers at around $115,500. If BTC continues its recovery, it could retest its key psychological level at $120,000.

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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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