Cryptocurrencies Price Prediction: ASTER, Bitcoin & Crypto – European Wrap 1 October

FXStreet Team FXStreet

Aster Price Forecast: ASTER on edge amid token unlock risk, declining Open Interest

Aster (ASTER) remains steady at press time on Wednesday, following a 14.6% drop the previous day, driven by rumors of token unlocks. Meanwhile, the declining interest among derivatives traders flashes downside risk.

Quinten Francois, host of Coin Compass, shared on his X account on Tuesday that the unlock of 704 million ASTER tokens on Wednesday, accounting for 8.8% of the total supply, would increase the circulating supply from 5% to 13.8% in one day.

Bitcoin Price Forecast: BTC holds above $114,000 after positive Q3 performance

Bitcoin (BTC) trades in green above $114,000 on Wednesday, rebounding from its key support level the previous day. The largest cryptocurrency by market capitalization closed September with a 5.16% gain, bringing Q3 returns to 6.31%. Meanwhile, the institutional demand continues to strengthen this week as it records a second consecutive day of inflow.

The crypto market has rebounded from its low point, but further signals are needed

The crypto market capitalisation has remained virtually unchanged over the past 24 hours, staying close to $3.91 trillion and the 50-day moving average. The market has moved away from local lows but prefers to wait for the next catalyst to determine its direction. Labour market data and the resolution of the US shutdown issue promise to help in this regard.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.

Legal Text

Markets move fast. We move first.

Editor's Picks