Cryptocurrencies Price Prediction: Bitcoin, Arbitrum & SUI — Asian Wrap 30 June

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC teases all-time high, ETH and XRP gear up for breakout

Bitcoin price rose sharply by 7.32% last week, closing above $108,000. At the time of writing on Monday, it hovers at around $108,500. If BTC continues its ongoing rally, it could extend toward the May 22 all-time high at $111,980. A successful close above this level could extend additional gains to set a new all-time high at $120,000.

Top Crypto Gainers Today: ARB, PYTH lead market recovery with double-digit gains, IMX tracks higher

Arbitrum eases slightly by 1% at press time on Monday, following the 18% surge the previous day. ARB challenges the $0.35 supply zone, holding its 37% recovery from last week. A close above the supply zone marked in yellow on the daily chart below could propel the uptrend towards the 200-day Exponential Moving Average (EMA) at $0.45.

SUI gains over 4% amid upcoming $119 million unlock

SUI is up 4% on Friday as the Layer-1 blockchain prepares to add $119 million worth of its token into circulation, contributing a major share of the unlocks for next week. Other tokens set to increase their supply include Optimism (OP), Kamino Finance (KMNO), and Artificial Superintelligence (FET), with allocations of $16 million, $12 million, and $2 million, respectively.

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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.

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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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