Cryptocurrencies Price Prediction: Bitcoin, Uniswap & Ethereum — Asian Wrap 11 October
|Bitcoin risks worst October in six years following high US inflation data and S&P 500 correlation
Bitcoin (BTC) and the crypto market trended downward on Thursday as the US Consumer Price Index (CPI) data for September showed that inflation is rising again, reducing the already slim chances of the Federal Reserve cutting its interest rate by another 50 basis points in November.
Uniswap unveils Layer-2 solution Unichain as part of Optimism Superchain
Uniswap (UNI) saw double-digit gains on Thursday after unveiling the launch of its DeFi Layer-2 solution, Unichain. Unichain is built to provide seamless cross-chain transactions while scaling the Ethereum blockchain.
Ethereum Price Forecast: ETH could decline to $2,200 amid rising US inflation and exchange reserves
Ethereum (ETH) plunged 3.8% on Thursday following a hike in US inflation data and rejection near its 50-day Simple Moving Average (SMA).
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