Cryptocurrencies Price Prediction: Ethereum Classic, Ethereum & Ripple — Asian Wrap 19 September

FXStreet Team FXStreet

Is the Ethereum Classic price losing Investors' support post-Merge?

Ethereum Classic price could be setting up for a sharp decline targeting $22.50. Key levels have been identified. Ethereum Classic price could be on its way toward a 25% decline. At the current time, the bears have breached both the 8-day exponential and 21-day simple moving averages. Amidst the breach, a significant uptick in volume entered the market.

Ethereum price is on a steep decline targeting $1250, here’s what traders should be aware of

Ethereum price is developing more bearish signals as the weekend progresses. Since Friday September 10 the bears have forged a 22% decline. The decline comes at an interesting time as the market sentiment has been quite bullish with speculation that the Merge would bring fruitful returns.

Why the next XRP price prediction will be more challenging than the previous

XRP price has displayed applaudable price action over the weekend. Since Friday, September 16, the digital remittance token has rallied 19%, validating the previous bullish trade idea mentioned in the last thesis. Now that the bulls have breached the $0.39 target, a double scenario is underway.

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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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