Cryptocurrencies Price Prediction: YGG, Ripple & Bitcoin — Asian Wrap 25 October

FXStreet Team FXStreet

YGG price soars even as investors expect almost 13 million Yield Guild Games allocation on Friday

YGG, the token that powers the Yield Guild Games ecosystem is showing interesting movement, recording a steady climb over the last few days. Riding the broader market bullishness and bending to the whims of investor activity, the YGG market may be bracing for volatility.

Speculation of Ripple, SEC settling by November 9 intensify as Judge Torres issues ultimatum

The conclusion to Ripple and the Securities & Exchange Commission’s (SEC) legal tiff is likely to take place by the second week of November. Such is the speculation that is now taking shape, given Judge Analisa Torres’ recent statement.

Bitcoin price shakes, DTCC website crashes after BlackRock iShares BTC Trust delisting

Bitcoin (BTC) price was spooked by recent news that BlackRock iShares Bitcoin Trust (IBTC) which had secured listing, was delisted. This brought back to mind fears last seen during the recent false news that a spot BTC ETF had been approved.

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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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