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

FXStreet Team FXStreet

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.

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.

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.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

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.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.

Legal Text

Markets move fast. We move first.

Editor's Picks