Cryptocurrencies Price Prediction: Ethereum, Ripple & Bitcoin – American Wrap 18 November

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Bitcoin Weekly Forecast: These levels are ideal for Dollar cost averaging BTC after FTX crash

Bitcoin price has faced the brunt of many industry leaders or significant platforms going bust in the last year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. The latest development involves the Bahamian authorities seizing the digital assets from one of the FTX exchange’s subsidiaries. As investors, an unbiased look reveals that the macro bottom is just one 20% crash away. With this narrative in mind, this week’s forecast takes a fresh look at significant levels and anticipates other scenarios that may evolve for Bitcoin price.

Ethereum whales scoop up the altcoin as ETH price hits the $1,200 level

Ethereum whales have been scooping up the altcoin through the recent dip in its price. The second-largest cryptocurrency by market capitalization is close to its psychological support level at $1,200 and analysts expect a recovery in ETH price.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: A trend-defining decision comes soon

The crypto market is losing ground as far as a bullish counterstrike is concerned. The bear rally witnessed earlier in the month has formed a bearish pennant-looking formation on Bitcoin and Ethereum, which could spell bad news for the rest of the market. The resolve on the bearish congestion zone will likely occur soon.

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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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