Cryptocurrencies Price Prediction: Ethereum, Cardano & Bitcoin – American Wrap 15 September

FXStreet Team FXStreet

It's a post Merge sell the news affair as Ethereum price crumbles

Ethereum price is fighting to find footing after slipping below $1,600. The last few days have seen the newest proof-of-stake crypto asset lose at least 16% of its value due to intensifying external economic forces. Declines are likely to stretch beneath $1,500 despite Ethereum activating the Merge earlier on Thursday.

Bitcoin Price Prediction: The largest influx of volume since Bitcoin's inception

Bitcoin price fell through the $20,000 barrier after an impressive 24% rally last week. Binance Exchange shows the highest historical volume reading to date. Invalidation of the uptrend remains a breach below the June 18 swing low at $17,622.

Cardano price did what was expected, after the pressure built up on $0.46 to break

Cardano price sees investors focusing on retail numbers out of the US today, as markets try to get their heads around a myriad of moving elements – from the EU measures to tackle the energy crisis, to Japan where the central bank is near to intervening in forex markets. The risk for Cardano price is that a rejection from the monthly pivot could trigger a further drop lower.

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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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