Cryptocurrencies Price Prediction: Hyperliquid, Dogecoin & Aster — Asian Wrap 16 October

FXStreet Team FXStreet

Hyperliquid Price Forecast: HYPE under pressure as bearish sentiment persists

Hyperliquid (HYPE) price hovers around $37 on Thursday, having corrected 6% so far this week. The selling pressure continues to weigh on the HYPE price as bearish sentiment builds across the derivatives market. Falling open interest and negative funding rates point to weakening trader confidence. At the same time, technical indicators suggest the risk of a deeper pullback if the HYPE fails to hold its key support level.

Dogecoin Price Forecast: Whale accumulation hints at potential DOGE recovery

Dogecoin (DOGE) price is stabilizing around $0.19 on Thursday, having corrected nearly 5% so far this week. On-chain data shows notable whale accumulation, hinting at a possible recovery in the days ahead. On the technical side, DOGE could recover toward $0.23 mark, provided the weekly support level remains intact.

Top Crypto Losers: Aster, PancakeSwap, and Immutable extend losses as Bitcoin revisits $110,000

Aster (ASTER), PancakeSwap (CAKE), and Immutable (IMX) are among the worst-performing tokens over the last 24 hours at press time on Thursday, as the broader cryptocurrency market faces a second wave of supply dump. Bitcoin visited the $110,000 level earlier in the day after a 2% loss from the previous day, fueling the overhead pressure on altcoins. Technically, the Binance-backed tokens ASTER and CAKE, alongside IMX, risk further losses as selling pressure resurfaces.

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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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