Cryptocurrencies Price Prediction: Ethena, Crypto & Bitcoin – European Wrap 9 October

FXStreet Team FXStreet

Ethena Price Forecast: ENA eyes wedge breakout on renewed retail interest

Ethena (ENA) edges lower at the time of writing on Thursday, retracing from the daily high of $0.5788, and holding above the $0.5500 mark after a near 6% gain the previous day. The synthetic dollar token built on Ethereum could break out of a falling wedge pattern, as derivative and on-chain data indicate an increase in interest from retail investors.

Crypto Today: Bitcoin, Ethereum, XRP retreat amid profit-taking, risk-off sentiment

Bitcoin (BTC) is facing headwinds, correcting lower to nearly the $121,000 mark on Thursday, as prices in the broader cryptocurrency market generally retreat. Ethereum (ETH) and Ripple (XRP) are also in the red, trimming gains accrued during the previous day’s knee-jerk recovery.

Another three-week pullback for Bitcoin after reaching new highs?

The crypto market cap has fallen by 0.5% over the past 24 hours to $4.14 trillion. This is a pullback to levels that acted as resistance in August and September. Altcoins are having a tough time, as pressure on them has intensified against the background of Bitcoin's slump. Once again, we are reminded that cryptocurrencies can be the first to react to fluctuations in risk appetite, and the current sluggishness may be the first sign that players have had their fill of risk.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

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.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.

Legal Text

Markets move fast. We move first.

Editor's Picks