Traders Flip Long on Uniswap’s UNI as OKEx News Highlights CEX Risks
Uniswap’s UNI token has been closely tracking Bitcoin and the entire crypto market over the past few days and weeks, but this correlation is beginning to break as it bucks the downtrend seen by BTC over the past 24-hours and rallies higher. One reason behind its slight upswing seen today may be the recent OKEx […]
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The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience.
BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000. Bitcoin (BTC) rallied on the back of the United States Federal Reserve's decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us.Another positive news for risk assets came from the U.S. personal consumption expenditures price (PCE) index, which rose 6.8% in June. The move was the....
Uniswap’s UNI token has been sliding lower over the past few days, and there’s no end in sight to its ongoing descent. The strength of this selloff has been intense and has struck a serious blow to both investor sentiment and its market structure. Many analysts are now noting that the cryptocurrency is at risk […]
Bitcoin’s price is rebounding after an OKex-related dip. Meanwhile, ether options traders have a bearish "beacon chain" attitude.
While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely.