Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates

Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates


It was a quiet day in the bitcoin market while there was action on Uniswap’s total crypto value locked.

Bitcoin (BTC) trading around $10,316 as of 20:00 UTC (4 p.m. ET). Slipping 0.13% over the previous 24 hours.

  • Bitcoin’s 24-hour range: $10,199-$10,383
  • BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.
  • Bitcoin trading on Coinbase since September 9. Source: TradingView

    The price of bitcoin was struggling to trend upward Friday, staying in a narrow $10,200-$10,380 range to start the weekend. 

    “Bitcoin has traded off this month with other risk assets, such that it is now short-term oversold near former resistance in the $10,055 area,” said Katie Stockton, managing partner at Fairlead Strategies. “We expect the pullback to keep its hold in the near term from a momentum standpoint.”  

    Read More: Bitcoin Holds Firm Above $10K but Strong Bounce Proves Elusive

    Indeed, bitcoin’s volume numbers Friday were tepid at best, with USD/BTC trades on spot exchanges amounting to just  $210 million, whereas daily averages the past month had been $393 million.

    Volumes on major USD/BTC

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