Cryptocurrencies Price Prediction: Arbitrum, UNI & Bitcoin – European Wrap 27 October


Arbitrum eyes decentralization with Orbit mainnet, ARB price fails to catch up

Arbitrum network’s program for Layer-3 chains, Orbit, is now mainnet ready. The Arbitrum Foundation’s move is focused on decentralizing the network. Developers are invited to create their Layer-2 and Layer-3 chains on top of Arbitrum One, Nova, Goerli and Sepolia.

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Uniswap price risks 8% crash as Uniwap Foundation sends 500,000 UNI to exchange

Uniswap (UNI) price currently exchanges hands at $4.09 and might be in for a correction soon as Uniswap Foundation sends 500,000 worth of UNI to OKX exchange. In total, these tokens are worth roughly $2 million at the current rate and are likely to be sold soon. 

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SEC to consider up to ten Bitcoin ETF applications as markets price in approvals

Bitcoin (BTC) price rallied nearly 18% this week as market participants seem to be pricing in an upcoming approval of a BTC spot Exchange Traded Fund (ETF) in the United States. According to a Reuters report, the chair of the US Securities and Exchange Commission (SEC), Gary Gensler, said that the regulator is considering up to ten Bitcoin ETF applications.


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