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.
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