Cryptocurrencies Price Prediction: Shiba, Binance & Ripple – American Wrap 05 May

FXStreet Team FXStreet

Why Binance Coin price could crash below $300

Binance Coin price, like the rest of the cryptocurrency market, is at risk of a major crash if it fails to hold onto its last levels of support.

What could happen to Shiba Inu price after Ethereum whales dump $17.6 million in SHIB

Large wallet investors on the Ethereum blockchain have consistently accumulated SHIB. Over the last few days, however, these whales significantly reduced their holdings. With a decline in Ethereum whales’ SHIB holdings, proponents expect a bearish impact on Shiba Inu.

Why XRP price will disregard the FUD and double soon

XRP price action over the last six months has created a bottom reversal pattern that holds massive promise. While Ripple has kicked off a leg higher, investors need to keep a close eye on the altcoin to capitalize on the evolving uptrend.

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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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