Cryptocurrencies Price Prediction: Solana, Ripple & Cardano — Asian Wrap 20 October

FXStreet Team FXStreet

Solana price turns bullish after confirming trend reversal, 20% gains incoming for SOL?

Solana (SOL) price has confirmed a trend reversal, turning bullish after a stark fall beginning July to the pits of September. After pivoting on a key level, the purported Ethereum killer could be on course to foray into a $30.00 psychological range.

XRP price jumps almost 10% as SEC drops lawsuit against Ripple executives

The US Securities and Exchange Commission has dropped its charges against executives from Ripple Labs, including CEO Bradley Garlinghouse and co-founder Christian Larsen.

Cardano price tests main support for the fifth time as ADA fizzles out towards its bottom

Cardano (ADA) price has been stuck within range for the past several months, rising only to pull back to specific mean position. The oscillation has limited the upside potential for ADA, with its price stagnating around multi-month ranges.

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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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