Cryptocurrencies Price Prediction: Uniswap, Bitcoin and Coinbase – European Wrap 9 February

FXStreet Team FXStreet

Uniswap Price Prediction: UNI gathers dark clouds, foreshadows a crash to $6

Uniswap (UNI) price is seeing another tailwind being added to the large backpack it is carrying. At the time of writing this article, President Volodymyr Zelenskyy is set to take the stage in Brussels with a plea for fighter jets. With his demand not being rejected in the UK on Wednesday, a risk is present that the EU might give the green light and alternatively trigger a green light from Moscow to use nuclear weaponry.

Is Bitcoin price out of the woods? Derivatives traders bet on massive rally in BTC

Bitcoin future curve data from leading exchanges like Binance, Bybit, Deribit, Kraken and OKX suggests that futures traders are betting on the rise in Bitcoin’s price by June 2023. Traders in the physically settled Bitcoin futures market have displayed a bullish bias on BTC prices.

Bitcoin Futures Term Structure till June 30, 2023

Coinbase CEO warns the SEC may consider Ethereum a security

Coinbase CEO Brian Armstrong told his 1.1 million followers that they’re hearing rumors that US financial regulator, the Securities and Exchange Commission (SEC), may consider Ethereum a security. After Ethereum’s recent conversion from Proof-of-Work to Proof-of-Stake, the SEC is likely to consider the digital asset a security.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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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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