Cryptocurrencies Price Prediction: Hyperliquid, Stellar & Bitcoin — Asian Wrap 5 November

FXStreet Team FXStreet

Hyperliquid Price Forecast: HYPE shows signs of recovery as whale activity rises and funding rates turn positive

Hyperliquid (HYPE) price is showing early signs of stabilization, trading around $40 at the time of writing on Wednesday after a sharp correction earlier in the week. On-chain and derivatives data indicate improving market conditions, with rising whale activity and positive funding rates suggesting growing confidence among large holders. On the technical side, suggest a potential rebound, aiming for the $51.15 mark.

Stellar Price Forecast: Death Cross in XLM risks a 15% correction as demand softens

Stellar (XLM) breaks out of a falling channel pattern on the downside after two straight days of losses as a Death Cross pattern emerges on the daily chart. The XRP-rival risks further losses as the retail demand softens and analyst Peter Brandt alerts a pattern breakout. Stellar is losing the retail interest as the broader cryptocurrency market takes another bearish hit. CoinGlass data shows a steady decline in the XLM futures Open Interest (OI) to $118.98 million on Wednesday.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple consolidate after recent market correction

Bitcoin price faced rejection around its previously broken trendline on Monday and declined 8.18% until the next day, retesting the 50% retracement level at $100,353. At the time of writing on Wednesday, BTC is finding support around $100,353 and trading slightly above $102,000. If the 50% retracement level at $100,353 continues to hold as support, BTC could extend its recovery toward the next key resistance level at $106,435.

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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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