Cryptocurrencies Price Prediction: Shiba Inu, Chainlink & Uniswap — Asian Wrap 17 October

FXStreet Team FXStreet

Shiba Inu price rises 6% as SHIB pivots to the lower mean threshold

Shiba Inu (SHIB) price is pulling north, in an attempted recovery rally after a steep fall. It comes as the broader market continues to navigate volatility resulting from the Spot Bitcoin exchange-traded fund (ETF) mania.

Chainlink price could reclaim its failed 5% rally as whales add 5 million LINK in a week

Chainlink price has a rather likely optimistic outcome even though the broader market cues may not be supporting it. This is because the investors, particularly the cohort of LINK holders that hold the most dominance over the circulating supply, are in support of the altcoin.

Uniswap Price Prediction: Could UNI crash as founder faces backlash for introducing new swap fees?

Uniswap price has marked some increase in the last few days, but the broader sentiment still remains rather bearish for the altcoin. To make things worse, the community did not seem to be on board with the protocol’s founder’s new swap fees idea.

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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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