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Unlocking the Latest Crypto Moves
As a crypto enthusiast, you must be keeping a close eye on the latest price movements. Hereโs a breakdown of the recent events in the crypto market:
Bitcoin Battles the Bears
- Bitcoin (BTC) faced a significant dip below $66,000 on Friday.
- The weekend saw a resurgence for BTC as it challenged the $70,000 threshold on Sunday.
- Despite the bullish attempt, bears managed to push the price down.
- On Monday, BTC made a strong comeback by breaching the $71,000 mark and even reaching a peak of over $72,500.
- A setback followed with the news of higher US CPI, causing a drop to $67,500.
- Currently, BTC is trading around $71,000 with a market cap of $1.4 trillion.
UNI Faces Regulatory Pressure
- The SECโs notice to sue Uniswap Labs created a stir in the crypto community.
- UNI token plummeted by 17% as the project faces regulatory challenges.
- In contrast, major altcoins like ETH, BNB, DOGE, and TON are showing positive gains.
- Other gainers in the market include WIF (9%), ETC (5%), VET (6%), and NEAR (5%).
- The overall crypto market cap has rebounded to nearly $2.8 trillion, erasing previous losses.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.