Uniswap (UNI) Notches Up 7% Rise in a Day while Bitcoin (BTC) Holds to $105K (Market Overview)

Bitcoin's price experienced a brief surge towards a new weekly high before retracting to the familiar territory of around $105,500. Last week, Bitcoin was rejected at $110,000 several times, which led to a significant drop in its value.

However, the bulls re-entered the scene, preventing further price dips, and Bitcoin rebounded to $106,000 on Monday. Currently, Bitcoin is maintaining at around $105,400, with its market capitalization steady at approximately $2.1 trillion. Meanwhile, Uniswap's token and ICP have seen significant gains among larger-cap cryptocurrencies.

XRP has also shown a slight increase of about 3%. The total cryptocurrency market cap has grown by $15 billion since yesterday and is currently estimated to be $3.445 trillion.