Uniswap (UNI) saw a sharp 22.41% price increase and a 22.36% rise in market cap to $2.19 billion, driven by a 110.49% surge in trading volume. This rally followed a rebound from a long-term downtrend and was supported by bullish trader positioning, with 63.18% holding long positions on Binance. Exchange reserves also rose 29.36%, indicating more tokens available for trading but strong demand absorbing supply. If UNI breaks above $4.00, it could target $5.35, signaling a potential trend reversal after months of weakness.
Trader Garrett Jin, linked to former Bitforex, sold his entire 184,102 HYPE tokens for about $13.55 million, securing a $2.83 million profit. He then rotated into a long position on Uniswap's UNI token, while maintaining significant holdings of 1,268...
The CoinDesk 20 index fell 1.5% to 1774.43, led by Bitcoin Cash (BCH) which dropped 3.1%, and Cardano (ADA) down 2.8%. Only four of the 20 assets in the index traded higher, with Uniswap (UNI) and Stellar (XLM) gaining 2.5% and 2.3% respectively. Thi...
Cryptocurrency markets saw a general decline with Bitcoin dropping 2.78% to $64,699 and Ethereum falling 1.74% to $1,765.50. Other major coins like Binance Coin and XRP also experienced losses, reflecting a cautious market sentiment. Some smaller tok...
Ahead of the first Federal Open Market Committee (FOMC) decision under new Fed Chair Kevin Warsh, Bitcoin slipped below $65,000 and most cryptocurrencies softened, with traders focusing on Warsh's inflation outlook rather than immediate rate changes....
Uniswap (UNI) experienced a sudden 24% price increase driven by a sharp rise in large whale transactions and trading volume, signaling strong institutional interest. The market cap topped $2.1 billion with daily volume nearing $600 million, indicatin...
