Uniswap the stand-out performer as Bitcoin sets weekly small gain
THE slight pullback in crypto markets yesterday saw Bitcoin shave off some of its seven-day gains, but it's still in the green by 2% over the past week.
After dipping to a low of $66,600, Bitcoin recovered slightly and is now trading around $67,600, still far off from the $69,400 high it reached yesterday morning.
Ethereum saw deeper declines, down 2.6% overnight, while most other major cryptocurrencies followed suit. However, Uniswap stood out, bucking the trend with gains of more than 7% overnight, showing resilience amid broader market weakness.
The key question now is whether Bitcoin will remain rangebound between $67k and $68k, or if a new breakout toward the elusive $70k level is on the horizon. With markets still volatile, all eyes remain on whether Bitcoin can make another run at new highs.
In the Markets
Total crypto market cap
$2.34 trillion (+1.64%)
What Bitcoin did yesterday
Daily high $69,490 | Daily low $66,845
Bitcoin market capitalisation
$1.34 trillion (57.11% of market)
Bitcoin 24-hour trading volume
$37.06 billion (+53.26%)
SP500
-0.18%
Fear and Greed Index
Greed
The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.
Bitcoin Relative Strength Index (RSI)
66
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
Post Script…
Cautionary Notes
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.