Cryptocurrencies Price Prediction: Ethereum, Shiba Inu & Ripple — Asian Wrap 31 October

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Ethereum dominance over Bitcoin draws to close, no more flippening?

Ethereum price dominance over Bitcoin and the rest of the crypto industry continued throughout the month of October. Analysts at crypto intelligence platform Santiment believe Ethereum’s dominance is coming to a close as ETH address activity declines.

Shiba Inu price: Is SHIB the next meme coin to explode, Dogecoin-killer rallies 20%

Shiba Inu burn rate is up 443% overnight, fueling a bullish sentiment among SHIB holders. Despite yielding nearly 20% gains overnight, Shiba Inu is 84.2% below its all-time high of $0.000086. Analysts believe Shiba Inu is following in the footsteps of Dogecoin, breaking out from a long-term downtrend.

Ripple price: Will crypto lobbyist group’s support for Ripple push XRP price higher?

Ripple has received support from crypto lobbyist group Blockchain Association that asked the court for permission to support the giant in its legal battle. Amicus briefs were filed by interested parties and supporters of Ripple, The Internet Choice Advocates Network and SpendTheBits.

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FXStreet Team

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Bitcoin derivatives reset as leverage cools amid subdued spot demand

Bitcoin's recent correction has reduced leverage across derivatives markets, creating a healthier structure amid weak spot trading activity, according to a report from CryptoQuant on Monday. The report stated that Bitcoin's decline over the past few weeks appears to reflect a broad futures market reset rather than the buildup of new speculative positions.

Ripple and Stellar outlook: Under selling pressure as cautious sentiment raises downside risks

Ripple and Stellar remain under selling pressure as cautious market sentiment continues to weigh on the broader crypto market. XRP struggles to reclaim the upper boundary of its falling channel, while XLM extends its decline for a fifth consecutive day.

Crypto Overview: Bitcoin holds steady as ETF outflows decline – DEXE and TIA extend gains

Bitcoin hovers above $64,000 holding steady after a roughly 4% drop last week. Data shows that institutional outflows are easing, suggesting broader market recovery potential, while DeXe and Celestia have emerged as frontrunners over the last 24 hours.

Ethereum Price Forecast: Ethlabs launches as new ecosystem steward funded by BitMine, SharpLink

Ethereum treasuries BitMine Immersion and SharpLink, alongside co-founder Joe Lubin, have partnered to fund Ethlabs, a new research and development lab for the smart contract blockchain.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.