Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptos — Asian Wrap 02 January
Bitcoin price reaction to likely Spot ETF approval could disappoint BTC holders
Bitcoin Spot ETF decision by the US financial regulator could come as soon as Tuesday this week, according to a recent Reuters report. Bloomberg’s ETF analyst James Seyffart commented on what to expect in the event of an approval by the Securities and Exchange Commission (SEC).
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Ethereum price could make a recovery as ETH supply on exchanges hits an all-time low
Ethereum, the second largest cryptocurrency by market capitalization, noted a considerable decline in its supply on exchange platforms. ETH tokens on exchanges have hit a new all-time low since Ether’s genesis.
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$518 million in crypto tokens could flood exchanges in January: APT, INJ, OP, SUI, AXS unlocks
Crypto token unlocks are events that influence prices of cryptocurrencies. Typically an unlock increases the volume of assets in circulation, contributing to the selling pressure. Unlocks in Aptos (APT), Injective (INJ), Optimism (OP), SUI and Axie Infinity (AXS) are scheduled for January 2024.
Author
FXStreet Team
FXStreet
