Cryptocurrencies Price Prediction: XRP, GBTC & Binance – European Wrap 23 April

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XRP rallies as Ripple slams SEC for penalties, asks regulator to establish likelihood of future violations

Ripple (XRP) climbed to a high of $0.55 on Tuesday following the publication of its response to the allegations from the US Securities and Exchange Commission (SEC). In its filing, Ripple addressed the SEC’s request for $2 billion in penalties and remedies-related opening brief, dismissing most of the claims from the US regulator and asking the judge to impose the firm a penalty of no more than $10 million.

GBTC is looking for a bullish resumption after Bitcoin halving [Video]

We talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle.

Google, Apple could remove Binance from their app store on Philippines SEC request

Binance-controlled applications on Google’s Play Store and Apple App Store could soon be removed for Philippines-based users afterthe Philippines SEC, which is responsible for regulating the country’s securities industry, banned several crypto trading platforms in 2023, including Binance.

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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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