Cryptocurrencies Price Prediction: Filecoin, Pyth Network & Avalanche — Asian Wrap 23 February

FXStreet Team FXStreet

Filecoin Price Prediction: After Solana integration, $10.00 is in sight for FIL once this barrier breaks

Filecoin (FIL) price is trading with a bullish bias, making another bold attempt with the $10.00 target in sight after two previous attempts. However, the altcoin faces a strong opposition from a supplier barrier that will determine the next directional bias.

Pyth Network price finds support, eyes a 5% recovery amid PYTH Council Elections euphoria

Pyth Network (PYTH) price has been on a decline for just over a week now, recording lower highs and lower lows. This came as traders cashed in on the sharp uptrend that lasted between February 8 and 14. The network kicked off the council elections on Thursday, an event expected to influence price.

Avalanche price crashes as almost 10 million AVAX tokens flood market in cliff unlock

Avalanche (AVAX) price has seen a tough second half of February with a price action characterized by lower highs and lower lows. With Bitcoin (BTC) still giving indecisive cues and the market leaning toward the downside, AVAX holders should probably brace fora more mucky rest of the week.

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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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