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After Extreme Volatility Bitcoin Returned to $20K, Uniswap Spikes 11% (Market Watch)

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After a day of massive volatility, Bitcoin's price returns to $20K while Uniswap's UNI skyrockets over 11% in 24 hours.

After a day of massive volatility, Bitcoin’s price returns to $20K while Uniswap’s UNI skyrockets over 11% in 24 hours.

Bitcoin’s price went through major turmoil yesterday as the numbers for the Consumer Price Index in the US got released. The cryptocurrency increased above $20,000 initially and then plunged below $19K briefly, liquidating millions of leveraged positions. After all, has been set and done, the price is now back towards the $20K level.

Yesterday, around the time the US Bureau for Labor Statistics published the Consumer Price Index numbers for June, the price went on a rollercoaster, skyrocketing above $20K briefly and then dipping below $19K for a bit.As seen in the above chart, the one-hour candle at the time of the CPI has an amplitude of 6.14% on Binance, showcasing the extreme volatility. Asback then, this also led to serious liquidations totaling over $47 million in less than an hour – across the board.

 

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