Cryptocurrencies Price Prediction: Dogecoin, Litecoin & Bitcoin — American Wrap 10 October

FXStreet Team FXStreet

Dogecoin Price Forecast: DOGE curving out path to $0.28, but low retail demand remains a concern

Dogecoin (DOGE) rises alongside Bitcoin (BTC) and other altcoin majors, trading above $0.25 on Friday, supported by improving risk-on sentiment in the broader cryptocurrency market.

Litecoin Price Forecast: LTC bounces back as retail interest surges

Litecoin (LTC) offers bullish signs, trading at around $130 at the time of writing on Friday. The digital asset has increased for two consecutive days, shrugging off volatility, targeted profit-taking and bearish sentiment in the broader cryptocurrency market.

Crypto Today: Bitcoin, Ethereum, XRP hold key support, but downside risks linger

Bitcoin (BTC) trades above a short-term support range between $120,000 and $121,000 at the time of writing on Friday. Its technical outlook leans bearishly after correction from the record high of $126,199, reached on Monday. Key drivers of the pullback can be attributed to profit-taking and a sticky risk-off sentiment in the broader cryptomarket.

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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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