Bitcoin is trading flat, while the rest of the cryptocurrency market is showing signs of a capital turnover.
The largest token traded around $65,800 on Wednesday, down 0.3% over 24 hours but up 7.4% on the week, according to data from CoinDesk, holding near $66,000 as traders awaited the Federal Reserve’s first rate decision under new Chairman Kevin Warsh.
The action was in altcoins. Uniswap’s UNI was the standout, jumping 22.5% to $3.53 after Standard Chartered initiated coverage with a $100 price target by 2030, and the bank’s head of digital asset research, Geoffrey Kendrick, called the decentralized exchange a critical layer of the on-chain economy.
Hyperliquid’s HYPE rose 7.8% on the day and 34.3% on the week, and solana added 14.7% in seven days, even as it held steady on Wednesday. Ether gained 1.4% to $1,793 and is up 10.4% on the week. XRP fell 0.9% to $1.22.
The macroeconomic context continued to improve for risk assets, but not for bitcoin. Brent crude fell below $79 a barrel, its lowest level in more than three months, after falling 15% in four sessions in its longest losing streak this year.
