Cryptocurrencies Price Prediction: Uniswap, Bitcoin & Crypto – European Wrap 4 June

FXStreet Team FXStreet

Uniswap Price Forecast: UNI eyes $7 breakout amid Spark integration, rising whale activity

Uniswap (UNI) edges higher by over 2% at press time on Wednesday after Spark Finance goes live on Unichain, deploying sUSDC stable yield for users. UNI bounces off a crucial support level, while increasing whale activity adds to the bullish potential.

Bitcoin price stalls near $105.400 as traders eye liquidity zones and Fibonacci reclaim

Bitcoin price has paused its upward momentum following three consecutive daily gains, closing June 3 in red after briefly tapping a five-day high near $106,900.

This level also coincides with a former support zone from the previous week, now acting as resistance. The pullback from that high led to a close near $105,400, right above the 20-day exponential moving average, suggesting buyers are still active on dips.

Trump team unveils crypto wallet amid expanding blockchain empire

Donald Trump’s crypto ventures continue to grow, now with a branded digital wallet backed by Magic Eden and Slingshot Finance.

Donald Trump’s crypto team is launching a new digital wallet, adding another piece to the former president’s expanding blockchain brand. A waitlist and X (formerly Twitter) account for the wallet just went live, positioning it as a tool for users to store and trade crypto, NFTs, and other blockchain assets.

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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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