2024

Solana

Uniswap

Optimism

UNI, the native token of the decentralized crypto exchange Uniswap is down alongside the other coins. The crypto market has declined again after a slight recovery at the start of the month. Digital assets continue a downward trajectory that saw losses last month reducing the overall sentiments in altcoins.
UNI price soared this year against the market as the community anticipated a vote amongst other factors. In the past weeks, the bullish drive for the asset has plunged leading to sharp losses. A major reason for the downward trend of Uniswap is the reduced transaction activity as assets take a tumble.
<h2 id="strong-uniswap-nears-double-digit-losses-strong">Uniswap Nears Double Digit Losses</h2>
Uniswap is down 2.12% in the last 24 hours while its price stands at $8.66. This slump takes weekly figures above 7% above other top assets with v slight numbers. UNI soared above multiple resistance levels this year after a strong crypto performance in Q1 2024. At the moment, a chunk of gains are lost with bears becoming main characters in the last 39 days.
Last month, <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/uniswap/" target="_blank">UNI</a> tanked over 9% longer-term figures. Despite sell-offs recorded these weeks, UNI holders on social media spaces express optimism towards an improved price this month. While several commentators believe a market rebound might occur in July, industry and macro factors must flip positively an upward price trajectory.
Interest rate cuts remain a major talking point this year as firms expect cuts between September and October. These factors can swing the tide in favor of the market.
<h2 id="span-style-font-weight-400-strong-wider-assets-plunge-strong-span">Wider Assets Plunge&nbsp;</h2>
Like Uniswap, other crypto assets have plunged with the bearish sentiment. Market leader Bitcoin (<a href="https://coingape.com/price/bitcoin/#:~:text=Live%20Price%20of%20Bitcoin%20(BTC,market%20cap%20stands%20at%20$1,186,499,283,596." target="_blank" rel="noopener noreferrer nofollow">BTC</a>) fell below $60,000 before making a slight recovery above the mark. This downtrend for BTC has caused similar movements in altcoins. <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> trades at $3,288 plummeting 3.89% today while BNB and Solana are down 4% and 7% respectively.&nbsp;
Also Read: <a href="https://coingape.com/news/stocks/these-crypto-stocks-are-falling-amid-q2-2024-optimism/" target="_blank" rel="noopener noreferrer nofollow">These Crypto Stocks Are Falling Amid Q2 2024 Optimism</a>
The post <a href="https://coingape.com/trending/market-fluctuations-take-uniswap-exits-near-weekly-double-digits/" rel="noopener noreferrer nofollow">Market Fluctuations Take Uniswap Exits Near Weekly Double-Digits</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Market Fluctuations Take Uniswap Exits Near Weekly Double-Digits

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