Cryptocurrencies Price Prediction: Ripple, Raydium & Bitcoin – Asian Wrap 25 February

FXStreet Team FXStreet

XRP eyes further downside as Trump to implement tariffs on Mexico, Canada, in March

Ripple's XRP joined the wider crypto market decline, plunging nearly 10% on Monday following President Donald Trump reiterating that the US will kick off tariffs on Mexico and Canada. Despite initially pausing the tariffs, both countries have failed to work out an agreement with the US government.

Raydium drops 35% on speculation of PumpFun’s Automated Market Maker development

Raydium (RAY) price trades around $3 on Tuesday after dropping almost 35% the previous day. This price crash was due to the rumors of a competing Automated Market Maker (AMM) being developed by PumpFun and losing $334 million in market capitalization, leading to increased exchange supply.

Crypto Today: USDC approved in Dubai, SOL, ETH and BTC in turmoil, as Trump tariffs spark $200B losses

US President Donald Trump’s decision to move ahead with tariffs on Mexico and Canada in March has sparked bearish sentiment across global financial markets including Bitcoin (BTC). Bitcoin price declined by another 4.7% on Monday bringing its losses since the Bybit hack to 7% as it traded as low as $93,000 within the intra-day session.

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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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