Cryptocurrencies Price Prediction: Ethereum, Tezos and Bitcoin – European Wrap 24 January

FXStreet Team FXStreet

Here’s what to expect from MATIC price as Polygon asserts dominance in Ethereum scaling solutions

Polygon, the Ethereum scaling solution is competing with Arbitrum and other layer-2 protocol’s bridges, asserting its dominance in the ETH ecosystem. The Ethereum scaling solution is on track to witness a bullish breakout from a symmetrical triangle pattern according to technical analysis of the Polygon token MATIC’s price chart.

Tezos Price Forecast: XTZ rally nearly out of fuel as some rough terrain lies ahead

Tezos (XTZ) price is seeing bulls hurrying up to cash in those last big profits as this rally is starting to flash warning signs. While global markets are getting unchained from what the US dollar is Doing, equity markets are rallying, with the S&P 500 breaking a crucial trend line that was the guide for the downtrend. With equities freed up now for more upside potential, cryptocurrencies are along for the ride, as the dislocation question between the markets and the central bank will soon get its answers from the US Federal Reserve as the first big central bank to make its appearance this year.

Jim Cramer warns investors to stay away from crypto: another buy signal for Bitcoin?

Jim Cramer, host of a popular financial news show “Mad Money” recently made comments on Bitcoin and Gold, sparking a debate in the crypto community. Cramer has received pushback from the crypto community in the past for his crypto recommendations, urging investors to shed their holdings right before Bitcoin’s massive bull run, fueling a narrative called “Inverse Cramer.”

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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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