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

FXStreet Team
FXStreet
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, 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.

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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Avalanche (AVAX) price is rising rapidly with renewed bullish momentum in 2024. This move comes after a sell-off on the last day of 2023. With sustained buying pressure, AVAX is likely to continue its ascent.
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.
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.
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). 
Bitcoin (BTC) price has been bullish in 2023, scaling up as it tried to plough back the ground lost following the Terra (UST) and FTX crashes of the preceding year. The trajectory took shape in spite of it being an eventful year, with BTC riding the wave of macroeconomic as well as industry-related developments.
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