Cryptocurrencies Price Prediction: Ripple, Bitcoin & Ethereum – Asian Wrap 26 February

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP crash after major consolidation

Bitcoin (BTC) price hovers around $88,500 on Wednesday after breaking out of its prolonged consolidation phase and reaching a low of $86,050 earlier this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and declined by nearly 11% and 12%, respectively.

Strategy stock dips as Bitcoin price crashes below $90K, sparking concerns of forced liquidation

Strategy (formerly MicroStrategy) witnessed an 11% stock decline on Tuesday, stirred by Bitcoin's market's plunge below $90,000 and fueling speculations of a forced liquidation for the company.

Ethereum Price Forecast: ETH bounces off key support as Ethereum Foundation's executive director steps down

Ethereum (ETH) found support at the lower boundary of a descending channel following the Ethereum Foundation executive director Aya Miyaguchi announcing her stepping down from executive director to become the non-profit's new president.

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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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