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Cryptocurrencies Price Prediction: Hedera, Bonk & Robinhood – European Wrap 18 November

Cryptocurrencies Price Prediction: Hedera, Bonk & Robinhood – European Wrap 18 November
FXStreet TeamFXStreet TeamFXStreet

Hedera price surges more than 25% following a spike in trading volume

Hedera (HBAR) price surges more than 25% on Monday after rallying 64% last week. The rally was fueled by Canary Capital, which submitted an S-1 registration to the US Securities & Exchange Commission (SEC) for an HBAR exchange-traded fund (ETF), offering investors exposure to the crypto asset’s price. HBAR’s daily trading volume reached 1.4 billion on Monday, indicating a recent surge in traders’ interest, possibly hinting at further gains.

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Bonk holds near record-high as traders cheer hefty token burn

Bonk (BONK) price extends its gains on Monday after surging more than 100% last week and reaching a new all-time high on Sunday. This rally was fueled by the announcement on Friday that BONK would burn 1 trillion tokens by Christmas. Bonk’s trading volume has reached its highest level since its launch in December 2022, while the technical outlook projects more gains toward a new high in the upcoming weeks.

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Robinhood CEO calls UK approach to crypto “backwards”

Robinhood CEO Vlad Tenev criticized UK policymakers, calling their cryptocurrency trading approach “backwards” compared to the regulated gambling stance.

In an interview with The Times published on Sunday, Tenev supported individual autonomy in trading decisions and dismissed worries about potential addiction among young crypto traders.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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