Cryptocurrencies Price Prediction: Sui, Crypto & Bitcoin – European Wrap 1 July

FXStreet Team FXStreet

Sui’s $120 million linear token unlock risks 15% decline as market sentiment slows

Sui (SUI) continues to extend its losses from June, trading at around $2.71 on Tuesday. The high-performance layer-1 blockchain token has experienced a 15.5% decline over the last 30 days, reflecting subdued market sentiment amid geopolitical tensions and macroeconomic uncertainty.

Crypto Today: Bitcoin, Ethereum, XRP edge slightly lower amid low retail interest

Bitcoin (BTC) edges down for a second consecutive day, with the price dancing between the round-figure support at $100,000 and resistance slightly below all-time highs of $111,980. Interest in Bitcoin has continued to drop, signaling a lack of confidence particularly among retail investors.

Bitcoin price declines to one-week low following Trump's 68% tax warning

Bitcoin fell for a second straight day on Tuesday, as President Trump’s tax warning spooked investors.

The warning comes as Trump’s “big beautiful bill” faces a vote in the US Senate, with failure to pass this proposal potentially leading to tax hikes.

According to the US Commander-in-Chief, “The failure to pass means a whopping 68% Tax increase, the largest in history!!!”

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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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