Bitcoin stopped at $ 22K, Uniswap rises 9%
After yesterday’s multi-week high, bitcoin was stopped and pushed south to below 22,000 dollars. Like last weekend, this one starts with little or no significant movements from altcoins as well. Uniswap is among the very few exceptions with a remarkable price increase.
Bitcoins journey over $ 22K stopped
As recently reported, last weekend was fairly quiet in terms of price action, perhaps driven by the national US holiday, which was on Monday. As the end approached, BTC began to gain value and jumped from $ 19,000 to $ 20,000.
After a few rejections, the asset managed to break over it and even continued to climb. As a result, it soon knocked on the door to $ 21,000, which was taken down Thursday.
The cryptocurrency continued to rise, rising above $ 22,000 and reaching a new three-week high of around $ 22,500. However, it was stopped at this time, and the bears pushed it south by about $ 1,000.
Nevertheless, the market value is well over $ 400 billion, and the dominance over the altos is just over 43%.
Remarkable Bitcoin News
Unlike several other crypto miners, Marathon Digital said it had not sold any of its BTC holdings during the market crash last month.
The Bitcoin premium on Coinbase finally went green, indicating that institutional investors are buying back.
UNI stands out
Most altcoins recorded some impressive gains during the work week, but have calmed down as the weekend began.
Ethereum reached its own multi-week high above $ 1,250, but has declined by just over 2% and now stands at $ 1,220. Ripple and Dogecoin are also a bit in the red on a daily scale.
In contrast, BNB, ADA, SOL, DOT, SHIB and TRX are all in the green, although their gains are quite insignificant now.
From the lower and medium-sized altcoins, ICP, XCN and UNI stand out as the most significant winners. ICP trades above $ 7, UNI has recovered $ 6, and XCN is north of $ 0.1.
Somewhat expected, the cumulative market value of all cryptocurrencies is still around $ 950 billion.
Industry news
In a lawsuit filed earlier this month, a California resident accused Solana Labs of selling unregistered securities.
Despite repaying the loan to Maker, Celsius’ situation continues to worsen, with new reports claiming that their strategies led to losses of several million for customers and were slammed with a fraud lawsuit from the former money manager.
BlockchainCom is facing a $ 270 million loss on loans it had given to the struggling hedge fund Three Arrows Capital.
Referring to the Twitter team’s inability to provide sensitive data about its business, Elon Musk terminated the agreement to purchase the social media platform.
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