Cryptocurrencies Price Prediction: Dogecoin,Meta&Solana– American Wrap 31 January [Video]

FXStreet Team FXStreet

Dogecoin price at pivotal point where DOGE could return to $0.20

Dogecoin price has stubbornly and persistently remained inside the bounds of a falling wedge. Except for a false breakout higher and a false breakout lower in the middle of the month, DOGE has been confined to the trendlines of this bullish reversal pattern.

Facebook parent Meta to allow anyone to use its crypto patents

Meta, formerly known as Facebook, has joined Jack Dorsey’s crypto alliance to allow the use of its cryptocurrency patents. The firm is winding down its stablecoin Diem and selling its intellectual property rights to a leading crypto bank.

Solana price set for $100 as crypto markets look to the upside

Solana (SOL) price saw its bullish reversal stop short on Sunday and is now nearing the monthly S2 support level again at $89.28. Although ASIA PAC equity and European indices are firmly in the green, the sentiment has not spilled over to US futures and cryptocurrencies yet.

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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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