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Cryptocurrencies Price Prediction: Shiba Inu & Bitcoin — Asian Wrap 22 August

Cryptocurrencies Price Prediction: Shiba Inu & Bitcoin — Asian Wrap 22 August
FXStreet TeamFXStreet TeamFXStreet

UK embraces stablecoin regulation, financial watchdogs wait and watch

UK’s crypto industry welcomed new stablecoin rules pending guidance from financial watchdogs. A proposed bill could clarify new powers vested in regulators over payments-focused crypto assets, stablecoins. Crypto regulation is a part of the UK government's post-Brexit economic strategy; therefore, the community is awaiting interpretation of new rules.

Three reasons why Shiba Inu has potential to beat the slump

Ethereum whales hold on to their Shiba Inu holdings worth over $163 million, fueling bullish sentiment among SHIB holders. Despite massive profit-taking when SHIB hit the $0.00001732, large wallet investors have a bullish outlook on the meme coin.

Ronin bridge attackers who fled with $625 million move funds to Bitcoin

Investigators have been tracking stolen funds from the Ronin bridge hack, through their journey from mixers to the Bitcoin network. An investigator presented his analysis to the crypto community, revealing the location of the stolen funds.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.