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Cryptocurrencies Price Prediction: Binance Coin, Bitcoin & Ethereum — Asian Wrap 01 September

Cryptocurrencies Price Prediction: Binance Coin, Bitcoin & Ethereum — Asian Wrap 01 September
FXStreet TeamFXStreet TeamFXStreet

BNB open interest nears $400 million as bulls step in

Binance Coin (BNB) price shows signs of an impending short-term uptrend as the network continues to navigate uncertainties associated with regulatory clampdown. Noteworthy, the largest cryptocurrency exchange by trading volume continues to contend with the US Securities and Exchange Commission (SEC), Commodities and Exchange Commission (CFTC), and the Department of Justice (DOJ).

Bitcoin price dips 7% as SEC delays seven spot BTC ETF applications

Bitcoin (BTC) price has whiplashed all the ground covered during the August 29 rally when Grayscale asset manager’s news catalyzed an impulse to drive the market north. In the latest development, the market value of the giant crypto has dipped and the US Securities and Exchange Commission (SEC) takes blame.

Ethereum records more long-term holders than Bitcoin in 2023, on-chain data

Ethereum (ETH) price has shown a significant correlation with Bitcoin (BTC) price, tracing almost similar price actions with momentum indicators also aligning. A closer look, however, reveals that ETH has outranked BTC on several metrics, particularly where large holders or whales are concerned.

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Crypto Today: Bitcoin, Ethereum, and Ripple risk steeper correction as bearish pressure mounts

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Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.