Cryptocurrencies Price Prediction: PEPE, Dogecoin & Bitcoin – European Wrap 26 July

FXStreet Team FXStreet

Can PEPE kill SHIB just as Shiba Inu killed Dogecoin?

Crypto markets are taking a break from rallying as Bitcoin (BTC) price consolidates. But altcoins are rallying massively, and meme coins take a special place right now due to various reasons. In this article, we will pay attention to the new meme coin on the block, PEPE, which has shed 17% in under 72 hours. But this downtrend has inadvertently pushed the frog-themed crypto into an accumulation zone and could now be an opportunity for long-term investors.

Dogecoin dethrones Bitcoin in shorts liquidation as DOGE price moves closer to $0.10

Dogecoin, the largest meme coin in the crypto ecosystem, witnessed large volumes of short position liquidation over the past 24 hours. DOGE emerged as the single asset with the largest shorts liquidated in the timeframe, beating Bitcoin, according to data from Coinglass.

Bitcoin price flirts with $30,000 level as US Federal Reserve expected to resume rate hikes

Bitcoin price is ranging below $30,000, a key psychological barrier for the asset, ahead of the US Federal Reserve’s rate decision on Wednesday. Crypto market participants are closely watching the Fed’s next move to predict whether risk assets will get derailed from their rally in the ongoing alt season in July.

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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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