Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin — Asian Wrap 25 July

FXStreet Team FXStreet

Could this be a good time to buy Dogecoin, Here's what on-chain metrics say

Dogecoin (DOGE) is down 2% on Wednesday, but its on-chain metrics suggest that the current price level could be a good buying opportunity.

Ethereum's price failed to react to ETH ETFs successful launch

Ethereum's (ETH) price is down 1.8% on Wednesday despite an impressive ETH ETFs' first-day launch that saw them attract $10.2 billion in assets and net inflows of $107 million.

BTC holds strong after Kamala Harris declines to speak at Bitcoin conference

Bitcoin (BTC) held the $66,000 price level strong on Wednesday amid massive distribution from Mt. Gox's repayment to creditors. This follows criticism labelled at Democratic nominee Kamala Harris after news that she won't be speaking at the upcoming Bitcoin Conference slated for July 25 to 27.

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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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