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Cryptocurrencies Price Prediction: Cryptos, Bitcoin & Ethereum – American Wrap 05 September

Crypto exchange trading volume sees growth amid market decline

CCData released its monthly report on Wednesday, revealing that centralized exchanges witnessed significant surges in spot and derivatives trading volumes. Meanwhile, the CME experienced a decline in derivatives trading volumes, particularly in its ETH options and futures volume.
 
Bitcoin (BTC) is facing its longest post-halving delay to a new all-time high as it trades around $58K on Wednesday. Unlike previous times, several supply overhangs in the past months and strong interest rates environment have heavily weighed on Bitcoin's price.
Ethereum (ETH) is up 0.1% on Wednesday following increased outflows and declining trading volume across ETH products. This follows key data showing ETH's recent underperformance compared to other top assets.
 

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