Cryptocurrencies Price Prediction: Optimism, Litecoin & Dogecoin — Asian Wrap 25 April

FXStreet Team FXStreet

Optimism price could rally 25% amid this big move by VC in DeFi and TradFi spaces

Optimism price (OP) engaged a gains-shedding gear in mid-April as bears took over the market following waning bullish momentum. However, bulls appear to have regained control in the New York trading session, commencing what appears to be the beginning of a trend reversal. This comes amid ongoing network hype after venture capital firm (VC) Andreessen Horowitz (a16z) disclosed plans to work on an Optimism-based rollup application christened Magi.

Litecoin price gives LTC bulls a chance to accumulate before a return to triple-digit levels

Litecoin price (LTC) appears to have decoupled from Bitcoin (BTC) and the general slump in the broader market. The move comes as LTC tries to solidify the uptrend currently being mapped ahead of the August 3 halving, which will drop its block reward from 12.5 to 6.25.

DOGE holders try to protect the meme coin as Dogecoin price falls back to where it was a month ago

Dogecoin price took quite a hit over the last few days as the meme coin followed in the footsteps of the leader of cryptocurrencies, Bitcoin. However, surprisingly, DOGE investors did not jump shit and claim whatever profits they could but instead stood firmly to prevent a major crash.

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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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