Cryptocurrencies Price Prediction: Flare, Bitcoin & Ethereum – Asian Wrap 2 June

FXStreet Team FXStreet

Top 3 Crypto Gainers FLR, XMR, and ZEC: Flare leads the layer-1 rally with aims to unlock XRP’s DeFi potential

Flare records double-digit gains over the last 24 hours at press time, trading at $0.01990. The DeFi token created a bullish engulfing candle on Sunday, with a near 10% surge, crossing above its 200-day Exponential Moving Average (EMA) at $0.01908. With an intraday rise of over 3%, the uptrend exceeds a multi-month resistance trendline formed by peaks on December 3 and January 18, alongside multiple long-tailed candles in May.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP consolidate as bulls struggle to reclaim momentum

Bitcoin price closed below the daily support level of $106,406 on Thursday and declined by 1.50% the following day. However, it recovered slightly during the weekend. At the time of writing on Monday, it trades at around $105,000. Suppose BTC faces resistance around the $106,406 daily level and continues its correction. It could extend the decline to revisit the psychologically important level of $100,000.

Ethereum Price Forecast: ETH posts first monthly positive returns in 2025 following whale and ETF buying pressure

Ethereum (ETH) trades around $2,578 on Friday, down 2.6% on the day but up about 46% on the monthly timeframe — its first positive monthly return in 2025 — after whales and ETF investors returned to put the top altcoin back in the limelight. Ethereum is on track to finish May as its first positive month in 2025, with a monthly return of approximately 46%, according to data from Laevitas.ch.

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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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