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Cryptocurrencies Price Prediction: Uniswap, Bitcoin & Floki Inu — Asian Wrap 27 April

Cryptocurrencies Price Prediction: Uniswap, Bitcoin & Floki Inu — Asian Wrap 27 April
FXStreet TeamFXStreet TeamFXStreet

Uniswap rise in trading volume indicates strong growth in trader appetite for top DeFi products

Uniswap (UNI) decentralized exchange (DEX) breached the $1.5 trillion mark in trading volume metrics on April 24, signaling a new wave of bullishness on Web3 liquidity solutions among players in the digital asset sector. With the positive sentiment among cryptocurrency traders for Uniswap, the change is expected to affect rival crypto-native products.

Examining Bitcoin price volatility in relation to US Government's Bitcoin holdings

Bitcoin price drives the crypto market, and at the moment, the cryptocurrency is observing the most volatility. The fragility of the crypto market has grown to the extent of being triggered by a simple alert tweet, resulting in a rally and a crash on the very same day.

Floki Inu price rallying by 50% triggers investors’ interests, lives up to the “meme coin standard”

Floki Inu price, unlike the rest of the altcoins, had a rather stellar reaction to the news of a crucial development of the cryptocurrency. In response, FLOKI holders pulled a move that has now become a meme coin standard where investors only appear when it is beneficial for them, essentially leaving the token to fend for itself.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.