Cryptocurrencies Price Prediction: Ripple, Bitcoin & Ethereum – American Wrap 31 May

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC continues consolidation as crypto market waits

Bitcoin price contraction in the form of a symmetrical triangle posits further volatility for the bellwether cryptocurrency in the near term. Ethereum price outlook remains unclear, but the emergence of an inverse head-and-shoulders pattern does clarify the short-term price structure. XRP price hammer breakout on the three-day chart remains live.

Worst month for BTC price in 10 years: Five things to watch in Bitcoin

Bitcoin (BTC) starts a new week bearish or as a firm “buy” depending on the source — what happens next? After a week of uninspiring price performance, the largest cryptocurrency is still stuck in the lower $30,000 range. With inflation worrying traditional markets and summer months traditionally good for bulls, there may yet be cause for celebration. In Bitcoin, anything can happen, however, and surprises swing both ways.

Three reasons why Ethereum could crash to $1,200

Ethereum price seems to have found support on the 21-week Exponential Moving Average (EMA), which has paused the downswing momentarily. While a continuation of the rally seems logical, several on-chain metrics point to a rather off-putting outlook for ETH.

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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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