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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Meme Coins — Asian Wrap 06 June

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Meme Coins — Asian Wrap 06 June
FXStreet TeamFXStreet TeamFXStreet

Ethereum open interest surges by 50%, SEC Chair says ETH ETF launch will take more time

Ethereum (ETH) price hovered around $3,860 on Wednesday following Securities & Exchange Commission (SEC) Chair Gary Gensler expressing his opinion that the launch of spot ETH ETFs may be delayed. Meanwhile, Ethereum derivatives products on exchanges have seen a surge in open interest (OI).

Bitcoin ETFs set for new wave of adoption as Marathon Digital sells portions of its mined coins

Bitcoin (BTC) hit $71,000 on Wednesday as Marathon Digital revealed it sold almost 63% of the coins it mined in May. Meanwhile, US spot Bitcoin ETFs continue to set new records.

Ethereum's Buterin suggests new framework for celebrity meme coins

Following the recent craze surrounding celebrity meme coins, Ethereum co-founder Vitalik Buterin highlighted approaches he believed would be safer when launching these tokens. This follows a post suggesting rapper Iggy Azalea's MOTHER token may be showing potential amid criticism surrounding other celebrity meme tokens.

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Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

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Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

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.