Cryptocurrencies Price Prediction: Solana, Ethereum and Ripple – European Wrap 24 November

FXStreet Team FXStreet

Solana price eyes 15% pullback as institutions slow down investment in SOL

Solana price is consolidating around the trading range’s midpoint, suggesting it could follow the general trend and head lower. This move will reset the selling pressure and will allow buyers an opportunity to make a comeback.

Ethereum price to provide sell opportunity before ETH crashes 20%

Ethereum price looks ready for a minor upswing as it bounces off a crucial support area. This upswing is likely to propel ETH up to a recent swing high. If the asset fails to produce a higher high, investors can expect a retracement to ensue.

SEC v. Ripple case makes “good progress” to reach conclusion next year, says CEO Brad Garlinghouse

Ripple CEO shares the payment giant's progress in the SEC vs. Ripple case. The firm is making strides with new partnerships, powering the national digital currency of the Republic of Palau.

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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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