After Extreme Volatility Bitcoin returned to $ 20K, Uniswap Spikes 11% (Market Watch)

Bitcoin’s price went through great unrest yesterday when the figures for the consumer price index in the US were published. The cryptocurrency initially rose above $ 20,000, then plunged below the $ 19K card, liquidating millions of leveraged positions. When everything is set and done, the price is now back to the $ 20K level.

The Bitcoin price goes back to $ 20,000

It goes without saying that the $ 20,000 area is critical of Bitcoin’s price – it contains several moving averages as well as a confluence with the all-time high during the previous furious beef market 2017-2018. This is also the reason why it has been hotly debated in recent weeks.

Yesterday, around the time the US Bureau of Labor Statistics released the consumer price index figures for June, the price of a roller coaster went above $ 20,000 for a short while before falling just below $ 19,000.

As shown in the chart above, the one-hour candle at the time of the CPI has an amplitude of 6.14% on Binance, indicating the extreme volatility. As Kryptopotet reported at the time, this also led to serious liquidations totaling over $ 47 million in less than an hour – across the board.

Uniswap Skyrockets 11.6%

The clear outsider for the last 24 hours has been Uniswap’s control token – UNI. It is up as much as 11.6% during the day as most of the best altcoins go through a choppy trading session, charting small increases here and there and also some small declines.

As can be seen from the heat map above, ETH and BNB are up more than 1%, while ADA, DOT, LEO, SHIB and others are trading with a slight decline.

Overall, the market is still in a state of extreme fear as many expect another leg down. This is supported by the Cryptocurrency Fear and Greed Index, which is currently at 18 points and in the “Extreme Fear Territory”.

Still, it is worth noting that the index has recovered slightly after plunging to 6 points in June.