Cryptocurrencies Price Prediction: Binance Coin & Uniswap — Asian Wrap 08 December

FXStreet Team FXStreet

Binance’s US arm eliminating trading fees for ETH means this for Ethereum price

Binance has managed to cement itself in the crypto space as a leader over the last couple of weeks. Following FTX’s collapse, the world’s biggest cryptocurrency exchange has been attempting to regain its customers’ trust and confidence.

Coinbase CEO Brian Armstrong expects revenue to decline by 50% in 2022 due to FTX’s collapse

Coinabase has a lot of eyes on it, being the second biggest cryptocurrency exchange in the world. But despite that title, the exchange is losing revenue left and right due to the crypto market crash triggered by FTX’s bankruptcy. But while Coinbase is looking at a loss, in the long run, Binance seems to have gained an advantage from FTX’s downfall in the short term.

Uniswap price tanks as bulls drop ball, lose control

Uniswap (UNI) price sees bulls unable to trigger a close above a key technical level, scaring away those same bulls. As price action starts to print bigger negative numbers daily, risk could come as a falling knife as bearish pressure builds.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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