Uniswap’s

Cryptocurrency markets showed mixed momentum during the early European trading session on June 4, as investors digested recent macroeconomic cues and awaited key data releases later in the week. Major tokens like Bitcoin (BTC) $BTC and Uniswap (UNI) experienced fluctuations, while overall market sentiment remained cautiously optimistic.

Bitcoin (BTC) Price Analysis
Bitcoin hovered around the $69,000 mark on Tuesday morning, struggling to hold above key resistance levels. Although BTC showed resilience after a brief dip to $67,500 earlier this week, its upward momentum remains limited without a clear breakout.
Key levels to watch:
• Support: $67,500 and $66,000
• Resistance: $70,000 and $71,500
If Bitcoin manages to close above $70,000 on the daily chart, bulls may regain control with a potential retest of the all-time highs near $73,000. However, a failure to sustain current levels could see BTC revisiting lower support zones.
Uniswap (UNI) Price Analysis
Uniswap’s native token UNI traded around $10.20, showing a modest recovery after a short-term decline. The DeFi $DEXE sector has seen renewed interest lately, with UNI benefiting from increased protocol activity and upcoming governance proposals.
Key levels to watch:
• Support: $9.60 and $9.00
• Resistance: $10.50 and $11.20
UNI’s price trajectory remains bullish in the short term, provided it holds above the $9.60 support. A break above $10.50 could trigger a rally toward the $12 level in the coming days.
Overall Crypto Market Sentiment
The broader crypto market continues to react to developments in the U.S. macroeconomic landscape, particularly around inflation data and interest rate expectations. Ethereum (ETH), Solana (SOL),$SOL and XRP showed mild gains during the session, reflecting a cautious but stable investor outlook.
Market analysts suggest that any signs of dovish tone from the Federal Reserve could provide a bullish catalyst for crypto assets, especially with growing institutional interest and increased ETF inflows.
Conclusion
As of June 4, the European crypto market remains in a consolidation phase, with Bitcoin and Uniswap showing key levels to monitor. While price action remains range-bound, potential breakouts could shift momentum quickly in either direction. Traders are advised to watch global macroeconomic signals closely as they may set the tone for the next market move.
#bitcoin #Uniswap’s #TrumpTariffs #Uniswap.

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1️⃣ Tether Reports $13 Billion In Net Profits For 2024 💰

According to a fourth-quarter and year-end attestation published Friday, stablecoin issuer Tether saw record-breaking profits of $13 billion in 2024. The attestation was reviewed by the independent accounting firm BDO. Tether also saw its direct and indirect exposure to U.S. Treasurys hit a record high of $113 billion. The growth in the company’s Treasury holdings reflects the growing popularity of the USDT stablecoin which is backed 1:1 with liquid US dollar-denominated assets. Tether CEO Paolo Ardoino stated that the stablecoin issuer plans to launch new products across artificial intelligence platforms, telecommunications, education and other areas.
#Tether

2️⃣ Elon Musk’s Father Promotes ‘Musk It’ Solana Meme Coin 🧐

According to a Fortune Crypto report, Errol Musk (Elon Musk’s father) and his business partner Nathan Browne plan to raise between $150 million and $200 million from a memecoin project called “Musk It.” Errol Musk explained that he plans to use the proceeds to support a new, for-profit think tank called the Musk Institute that he is founding.

When asked about potential buyers associating the coin as a means to monetise on his son’s fame, Errol stated,

I’m the head of the family. It really started with me in our family—I’ve been ‘Musking It’ for years.

#ElonMuskUpdates

3️⃣ Grayscale Debuts New Dogecoin Trust ▶️

Asset manager Grayscale announced the launch of a Dogecoin Trust early Friday morning. The new fund offers institutional and accredited investors the opportunity to allocate to the popular dog-themed meme coin.

The firm stated,

Grayscale believes DOGE has transitioned from a memecoin of a Shiba Inu to a tool for global financial inclusion, grassroots activism, and a viable means of payment. Due to its widespread accessibility, affordability, and rapid transaction speeds, DOGE has garnered significant adoption worldwide.

4️⃣ 21Shares Files With SEC For Spot Polkadot ETF ‼️

Asset manager 21Shares reportedly filed a registration statement with the US Securities and Exchange Commission (SEC) to launch a spot Polkadot exchange-traded fund (ETF) in the U.S. According to the filing, 21Shares plans to list the 21Shares Polkadot Trust on the Cboe BZX exchange, with Coinbase acting as the custodian. Notably, this comes just four years after 21Shares launched a similar product in Switzerland.

5️⃣ Uniswap V4 Launches On 12 Chains ⚡️
#Uniswap’s
Decentralised exchange (DEX) platform Uniswap has announced the official release of its v4 DEX on 12 blockchain networks. Notably, the latest version turns the protocol into a developer platform. The upgraded DEX introduces “hooks” - plugins that let developers create custom logic for cryptocurrency trading pairs. Uniswap v4’s hooks include tools for dynamically adjusting swap fees, lending unused liquidity for added yield, automatically hedging against impermanent loss and protecting against maximum extractable value (MEV) strategies, such as sandwich attacks. The Uniswap Foundation reportedly issued grants to roughly 800 developers to create a total of 150 unique hooks. The platform plans to expand v4 to more chains in the coming weeks.

#BinanceSquareTalks #MarketSentimentToday

Whales Trigger a UNI Sell-Off
The price action of Uniswap (UNI) is being heavily influenced by major market players. In the past 24 hours, UNI experienced an 11.95% decline, largely driven by significant sell-offs from large investors, known as whales.
According to data from IntoTheBlock, the market saw 23 bears compared to 12 bulls. Bears—addresses holding up to 1% of UNI’s supply and selling their holdings—took control of the market. During this period, whales traded 11.98 million UNI, valued at $136.4 million. These substantial sales drove the price down and shifted overall market sentiment.

Bearish Sentiment Extends to Liquidity Providers
The bearish wave wasn’t limited to whales. Liquidity providers also began unlocking and selling their UNI holdings, which further reduced token usage. This triggered a drop in broader market participation, accelerating the decline in price.
Decline in TVL and Generated Fees
Bearish sentiment across the market was reflected in the drop in two key metrics: Total Value Locked (TVL) and generated fees.
The TVL, representing the total value of assets locked in UNI liquidity pools, decreased from $5.937 billion to $5.584 billion. This suggests that investors are withdrawing their assets and selling. Additionally, transaction fees fell from $9.24 million on January 20 to $4.49 million, reflecting reduced trading activity and a bearish market tone.

Stable Address Activity Offers Hope
Despite the recent decline, the number of unique addresses participating in UNI transactions has remained steady. These active addresses range between 88,700 and 94,700, signaling consistent activity.
If the number of active addresses surpasses this range, it could positively impact UNI’s price and drive upward momentum. For now, this active cohort has helped stabilize the price and prevented a sharper decline.
Conclusion
The sell-off of UNI by large investors and liquidity providers has led to a price drop and a shift in market sentiment. However, active traders continue to maintain stability. For future price recovery, increased market participation and a revival in activity will be crucial.

#UNI📈 , #CryptoPredictions , #WhaleActivity , #CryptoWhale , #Uniswap’s

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