Cryptocurrencies Price Prediction: Litecoin, Dogecoin & Pepe — Asian Wrap 25 July

FXStreet Team FXStreet

Litecoin halving countdown closes in, not long now before LTC melts faces

Litecoin (LTC) price is on a downtrend, extending the losses that began in early July as the countdown to the LTC halving continues. As it is a big event in the Litecoin ecosystem and the crypto playing field, investors are watching closely for the event's impact on the asset's price.

Elon Musk rebranding Twitter as “X” could trigger a 110% rally in Dogecoin price

Elon Musk has been just as big of an influence on Dogecoin price as he has been in the space race. From crashes to skyrocketing rallies, he has had a hand in them all, and his most recent move might become another example of the same.

Pepe price closes below the 50-day MA, triggers selling spree despite hype around Dogecoin

Pepe (PEPE) price has extended its downtrend, breaking below crucial support to retest the late June lows. The performance is unorthodox, given that it is the poorest performer among meme coins, despite being the best performer barely a month ago.

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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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