Market Wrap: Bitcoin Tests $11K; Uniswap Passes $1.5B Locked
BTC/USD spot volume on major exchanges the past month.Source: Skew
Rupert Douglas, head of institutional sales at crypto brokerage Koine, is concerned stock markets are in for a correction, potentially hurting crypto as investors look to unload risky assets. “The tech shares are too frothy,” he added
Stock markets globally were mixed to cap off the week:
Another factor crypto investors are tracking: Bitcoin dominance, a measure of its market capitalization as a percentage of total cryptocurrencies.
Uniswap crosses $1.5 billion locked
Ether (ETH), the second-largest cryptocurrency by market capitalization, was down Friday, trading around $379 and slipping 2.3% in 24 hours as of 20:00 UTC (4:00 p.m. ET). Investors have been quickly plowing crypto into Uniswap’s smart contracts over the past 24 hours, an 80% increase in value locked for that time period.
