Uniswap jumps 22% and altcoins rip while bitcoin stalls before the Fed

CoinDesk·

Uniswap jumps 22% and altcoins rip while bitcoin stalls before the Fed

60-second summary

Uniswap surges 22% after Standard Chartered sets a $100 long-term target, sparking a broad altcoin rally with HYPE and solana leading the charge. Meanwhile, bitcoin holds steady near $66,000 as oil prices plummet to a three-month low, awaiting the first Federal Reserve meeting under Kevin Warsh, a hawkish stance expected to impact crypto markets.

UNI surged after Standard Chartered set a $100 long-term target, and HYPE and solana led a broad altcoin bid. Bitcoin held near $66,000 as oil fell to a three-month low and the Fed met for the first time under Kevin Warsh.