fxs_header_sponsor_anchor

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Uniswap – European Wrap 5 January

How Bitcoin price reacted to FOMC minutes release

Bitcoin price began the Asian trading session flat, BTC changed hands at $16,815 based on data from CoinGecko. The recently released minutes from the Federal Open Market Committee December meeting did not paint a clear picture of what the majority of traders were expecting.

 

Ethereum whales scooped up the altcoin through the recent dip

Ethereum network’s large wallet investors bought the recent dip in the altcoin’s price. On December 16, Ethereum hit a local price bottom at $1,168. While Bitcoin price remained largely unchanged in the first week of January, second-largest crypto by market capitalization bounced back above the $1,260. 

 

Uniswap price needs to cool down

Uniswap price has bounced off the $4.95 support level thrice since November 21, 2022, and has created a set of equal lows here. As a result of the importance of this level, there is sell-stop liquidity resting below it. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.