Uniswap jumps 22% and altcoins rip while bitcoin stalls before the Fed
Cryptocurrency markets are seeing a surge in altcoins like Uniswap while Bitcoin remains stagnant ahead of the Federal Reserve's rate decision. The market movement is influenced by the US-Iran deal, which has lowered oil prices and impacted inflation expectations.
Why it matters
The interplay between geopolitical events, central bank policy, and crypto asset performance highlights the increasing integration of digital assets into the global macro economy.
The largest token traded around $65,800 on Wednesday, down 0.3% over 24 hours but up 7.4% on the week, per CoinDesk data, holding near $66,000 as traders waited on the Federal Reserve s first rate decision under new Chairman Kevin Warsh.
Financial reporting based on market data and analyst commentary.
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