Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptos — Asian Wrap 02 January

FXStreet Team FXStreet

Bitcoin price reaction to likely Spot ETF approval could disappoint BTC holders

Bitcoin Spot ETF decision by the US financial regulator could come as soon as Tuesday this week, according to a recent Reuters report. Bloomberg’s ETF analyst James Seyffart commented on what to expect in the event of an approval by the Securities and Exchange Commission (SEC).

Ethereum price could make a recovery as ETH supply on exchanges hits an all-time low

Ethereum, the second largest cryptocurrency by market capitalization, noted a considerable decline in its supply on exchange platforms. ETH tokens on exchanges have hit a new all-time low since Ether’s genesis.

$518 million in crypto tokens could flood exchanges in January: APT, INJ, OP, SUI, AXS unlocks

Crypto token unlocks are events that influence prices of cryptocurrencies. Typically an unlock increases the volume of assets in circulation, contributing to the selling pressure. Unlocks in Aptos (APT), Injective (INJ), Optimism (OP), SUI and Axie Infinity (AXS) are scheduled for January 2024.

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Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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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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