Cryptocurrencies Price Prediction: Ripple, Crypto.com & Binance Coin — Asian Wrap 23 December

FXStreet Team FXStreet

XRP Price Prediction: Bulls vs. Bears - Last trade of the year

XRP price shows bears in control of the trend. Still, high-cap investors seem almost certain of a countertrend spike in the coming weeks. This thesis remains neutral but identifies how to engage in a bearish and bullish scenario. XRP price is subdued as the bears have revolted against the bullish countertrend rally established earlier in the month.

Crypto.com Price Prediction: Investors on edge as bears aim for new all-time lows

Crypto.com price may be setting up for an end-of-the-year decline. CRO will need to display tremendous strength to alter the bearish bias.Crypto.com price may be hanging on the edge of a cliff. On December 22, the CRO price is at a 12% loss of market value since the start of the month. The Ethereum-based cryptocurrency exchange token has hovered above a descending trend channel for several weeks.

Binance continues asset de-listing spree as crypto winter bites hard, is relief coming in 2023?

Binance, the world’s largest exchange by daily traded volume, has been on a de-listing spree this week. The exchange’s terms of service say the company reserves the right to de-list any asset to ensure the best user experience. For this reason, Binance undertakes periodical reviews that allow it to remove tokens that don’t meet the threshold, especially on trading volumes.

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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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