Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,010. The price is trading below $2,010 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,050 zone. Ethereum Price Remains At Risk of More Downside Ethereum price failed to remain stable above $2,040 and started a fresh decline, like Bitcoin. ETH price dipped below the $2,020 and $2,010 levels. The price even traded below $1,985. A low was formed at $1,965, and the price recently attempted a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low. However, the bears remained active near $2,040. The price dipped again below $2,020.
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Kraken’s plan to launch regulated Bitcoin perpetual futures in the United States has put the exchange into a fast-moving race with Coinbase and Kalshi after fresh CFTC action opened a new path for crypto derivatives. Summary Kraken expects regulated Bitcoin perps through Bitnomial within 30 days for eligible U.S. institutional clients. Kalshi secured CFTC approval for BTCPERP, while Coinbase opened institutional access through its Deribit route. CFTC staff also issued 24/7 market guidance as exchanges bring offshore-style products into U.S. oversight. Kraken said it “plans” to launch CFTC-regulated perpetual futures in the United States within the next 30 days. The exchange said eligible U.S. clients would be able to trade the contracts through Kraken Pro, alongside spot, margin, and CME-listed futures. Kraken’s upcoming perpetual offering will be based on Bitnomial’s self-ce
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Felix Pinkston
May 31, 2026 17:17
Kraken plans to launch CFTC-regulated Bitcoin perpetual futures within 30 days, aiming to compete with Coinbase and Kalshi in the emerging U.S. market.
Kraken announced plans to roll out Bitcoin perpetual futures (BTC perps) for U.S. institutional clients within 30 days, following the U.S. Commodity Futures Trading Commission’s (CFTC) approval of these contracts for domestic trading. However, the exchange has yet to finalize regulatory filings, leaving competitors Coinbase and Kalshi with a head start. The contracts will reportedly be listed on Bitnomial Exchange, a CFTC-regulated trading platform acquired by Kraken’s parent company, Payward, in April for $550 million. Bitnomial’s inclusion gives Kraken a direct foothold in the regulated U.S. derivatives market, a significant shift for an industry long dominated by offshore platfo
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A record 10-session, $2.97 billion outflow streak from spot bitcoin ETFs and a fresh rally in oil prices on stalling U.S.-Iran ceasefire talks have kept bitcoin BTC$73,399.52 and the wider crypto market under pressure even as Wall Street’s AI trade pushed global equities to new records in Asian trading Monday. The MSCI All Country World Index gained 0.2% on Monday and Asian equities advanced 1.1% to an all-time high, with bellwether tech indexes in South Korea, Taiwan and Japan all setting records, Bloomberg reported. Nasdaq 100 futures rose 0.6% after Nvidia said it would enter the Windows laptop market in direct competition with Intel and AMD, and SoftBank Group jumped as much as 11% on its OpenAI and Arm holdings, putting the Japanese conglomerate on track to become the country’s most valuable listed company. The mood was complicated by oil. Brent crude
The post 3 Things That May Move Bitcoin Price This Week appeared on BitcoinEthereumNews.com.
A busy week of US labor market data lies ahead as crypto continues to cool amid increasing macroeconomic headwinds. Crypto markets remained flat over the weekend following heavy losses last week. Bitcoin and Ether remain weak, with no immediate catalysts to spur a recovery. Meanwhile, fresh labor market data and updated readings on manufacturing and services activity are on the table this week. “We also await further details about a potential US-Iran deal, which appears to be dragging on again,” said the Kobeissi Letter. Economic Events June 1 to 5 May’s ISM Manufacturing PMI report is due on Monday, which will shed light on the US manufacturing sector. This is followed by April’s JOLTS Job Openings data on Tuesday and May’s ISM Non-Manufacturing PMI data on Wednesday. Initial Jobless Claims data is on Thursday, and the big May Jobs Report is due on Friday. The labor market data is keenly eye
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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and
XRP price started a downside correction below the $1.3420 zone. The price is now showing bearish signs and might decline further below $1.3150. XRP price started a downside correction after it failed to stay above the $1.3450 zone. The price is now trading above $1.3150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.3420. XRP Price Dips Below Support XRP price struggled to stay above $1.3520 and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $1.350 and $1.3450 levels. The price declined below $1.3420. There was a clear move below the 38.2% Fib retracement level of the upward move from the $1.2658 swing low to the $1.3642 high. Besides, there is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair. The price is now trading above $1.3
