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.

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. 

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.