Uniswap

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-uniswap-show-potential-for-new-positions/" data-wpel-link="internal">Bitcoin and Uniswap Show Potential for New Positions</a><br></p>
<p style="text-align: justify">On Sunday, <strong>Bitcoin (BTC)</strong> price showed a 0.3% loss after a two-day rise, indicating relatively stable behavior in the <strong>cryptocurrency</strong> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>. BTC is 6.7% below its all-time high of $73,800, and with the recent approval of spot Ethereum ETFs by the US SEC, the broader market may also show a bullish outlook.</p> 
<h2 id="bitcoin-eyes-all-time-high">Bitcoin Eyes All-Time High</h2> 
<p style="text-align: justify">However, since ETF issuers need to wait for the approval of S-1 registration statements before starting trading, the full potential of this development has not yet been realized. According to <strong>cryptocurrency</strong> analysts, this approval process could take several weeks or even months. As the <a href="https://en.coin-turk.com/coinbase-announces-new-altcoin-listing-2/" data-wpel-link="internal">cryptocurrency market</a> has not yet entered a high-momentum rally, tokens like Bitcoin and Uniswap may offer suitable entry opportunities for new positions.</p> 
<p style="text-align: justify">This week was quite volatile for the cryptocurrency market due to the mixed market around the spot ETH <strong>ETF</strong>. However, BTC managed to stay above $66,000. A recent reversal at this level increased the token price by 4%, trading at $69,095. According to the 21milyon.com website, Bitcoin’s market value is $1.362 billion, while the 24-hour trading volume fell by 33% to $15.5 billion.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-355932 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/bitcoin-5.jpg" alt="" width="911" height="423"></p> 
<h2 id="uptrend-in-uni">Uptrend in UNI</h2> 
<p style="text-align: justify">On the daily chart, a rising trend line is leading the current recovery trend in BTC. Before challenging the peak of $73,800 again and targeting a new high above $76,000, this dynamic support showed a strong uptrend for Uniswap (UNI) price, with a sharp rise from $6.735 to $11.4, marking a 70% increase. The mentioned recovery pushed the altcoin above two significant horizontal levels of $8.35 and most recently $10.4, offering buyers the next step to lead a higher rally.</p> 
<p style="text-align: justify">At the time of writing, <strong>Uniswap</strong> shows a market value of $6.8 billion, ranking among the top 20 cryptocurrencies. If the recent breakout from $10.4 continues, buyers may target potential levels of $13.3 and then $17. With the current momentum, the 20-day EMA may provide support for the UNI price dynamics to extend the recovery trend.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-and-uniswap-show-potential-for-new-positions/" data-wpel-link="internal">Bitcoin and Uniswap Show Potential for New Positions</a></h5>

Bitcoin and Uniswap Show Potential for New Positions

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