Uniswap

Eclipse

Arkham

BlackRock

BlackRock has now surpassed Grayscale in total cryptocurrency holdings, marking a significant shift in on-chain assets. This change establishes BlackRock as the preeminent ETF-related institution within the Arkham network. BlackRock’s holdings are valued at approximately $22.14 billion, slightly ahead of Grayscale’s $21.99 billion.
<h2 id="strong-blackrock-surpasses-grayscale-in-cryptocurrency-assets-strong">BlackRock Surpasses Grayscale in Cryptocurrency Assets</h2>
Amid Bitcoin’s recent approach to the $60,000 mark, a noticeable surge in its value has boosted optimism in the cryptocurrency market. This upward trend may signal potential rallies for <a href="https://coingape.com/best-altcoins/" rel="noopener noreferrer nofollow">altcoins</a>, particularly those under BlackRock’s influence, such as Uniswap.&nbsp;
<blockquote class="twitter-tweet">
 BLACKROCK NOW HAS MORE CRYPTO THAN GRAYSCALE
 Blackrock has now overtaken Grayscale in total on-chain holdings. This makes Blackrock the largest ETF-related entity on Arkham.
 Blackrock: $22,143,715,559 Grayscale: $21,996,062,828 <a rel="noopener noreferrer nofollow" href="https://t.co/YrPZdrMObk">pic.twitter.com/YrPZdrMObk</a>
 — Arkham (@ArkhamIntel) <a rel="noopener noreferrer nofollow" href="https://twitter.com/ArkhamIntel/status/1826564308123185626?ref_src=twsrc%5Etfw">August 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The increasing value of these assets highlights the broadening impact and recovery within the <a href="https://coingape.com/cryptocurrency-prices-today-august-22-btc-crosses-60k-ftm-rallies-17/" rel="noopener noreferrer nofollow">cryptocurrency market</a>, influenced by major institutional players like BlackRock.
<h2 id="strong-uniswap-price-surges-8-more-bullish-ahead-strong">Uniswap Price Surges 8%; More Bullish Ahead?</h2>
Over the past 24 hours, Uniswap has witnessed a notable surge. The altcoin has been oscillating between a low of $6.36 and a high of $7.20 within the day.&nbsp;
This recent upswing in Uniswap’s price comes amid a broader positive shift in the cryptocurrency market, with several other tokens also experiencing gains. At the time of writing, the<a href="https://coingape.com/price/uniswap/" rel="noopener noreferrer nofollow"> UNI price </a>is trading at a strong surge of 8%.&nbsp;
The Uniswap price is currently encountering a critical resistance level at $7. If it breaks this barrier, projections indicate a potential increase to $8. Subsequently, it could climb to $10 in the upcoming bullish trend. If the bullish momentum intensifies further, Uniswap value might soar to $12 in the following growth phase.
<h2 id="strong-uniswap-s-open-interest-soars-signaling-rising-investor-confidence-strong">Uniswap’s Open Interest Soars, Signaling Rising Investor Confidence</h2>
According to <a rel="noopener noreferrer nofollow" href="https://www.coinglass.com/currencies/UNI">Coinglass</a> data, Uniswap’s trading activity has significantly increased, with the trading volume surging by 182.52% to $424.13 million. Open interest in Uniswap has also risen by 14%, amounting to $89.32 million. This surge in both volume and interest could signal a growing investor confidence or a reaction to recent market developments surrounding Uniswap.
<figure id="attachment_213639" aria-describedby="caption-attachment-213639" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-213639" src="https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-20.png" alt="Blackrock's Holdings Eclipse Grayscale, Uniswap Price Rally Expected" width="1353" height="318" srcset="https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-20.png 1353w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-20-300x71.png 300w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-20-1224x288.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-20-768x181.png 768w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-20-150x35.png 150w" sizes="(max-width: 1353px) 100vw, 1353px">
 <figcaption id="caption-attachment-213639" class="wp-caption-text">
 Source- Coinglass
 </figcaption>
</figure>
The CMF has shown an uptick, currently at 10, which points to buying pressure and suggests that money flows into the asset. The MACD line (blue) has crossed above the signal line (orange), indicating a bullish signal in recent periods. The histogram, primarily in green, suggests increasing bullish momentum.
<figure id="attachment_213640" aria-describedby="caption-attachment-213640" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-213640" src="https://coingape.com/wp-content/uploads/2024/08/UNIUSD_2024-08-22_16-58-07.png" alt="Blackrock's Holdings Eclipse Grayscale, Uniswap Price Rally Expected" width="1154" height="622" srcset="https://coingape.com/wp-content/uploads/2024/08/UNIUSD_2024-08-22_16-58-07.png 1154w, https://coingape.com/wp-content/uploads/2024/08/UNIUSD_2024-08-22_16-58-07-300x162.png 300w, https://coingape.com/wp-content/uploads/2024/08/UNIUSD_2024-08-22_16-58-07-768x414.png 768w, https://coingape.com/wp-content/uploads/2024/08/UNIUSD_2024-08-22_16-58-07-150x81.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-213640" class="wp-caption-text">
 Uniswap Price Chart| Source: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/zJYczBZ0/">TradingView</a>
 </figcaption>
</figure>
Conversely, if bearish trends strengthen, the Uniswap price could retreat to a support level of $6.8. A more substantial support level is established at $6.5.
The post <a href="https://coingape.com/markets/blackrocks-holdings-eclipse-grayscale-uniswap-price-rally-expected/" rel="noopener noreferrer nofollow">Blackrock’s Holdings Eclipse Grayscale, Uniswap Price Rally Expected</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Blackrock’s Holdings Eclipse Grayscale, Uniswap Price Rally Expected

Table of Contents

Coingape News Media

Other articles published on Aug 22, 2024

CBDC Debate: Freedom vs. Control, Experts Weigh In

Crypto Market Crash Threatens Altcoin Season; These 6 Altcoins Could Still Shine

Spot Bitcoin ETFs See 5th Straight Day of $39M in Positive Flows

Dogecoin (DOGE) Investors Embrace New Kids on The Block Mpeppe For Their Exceptional Gains

Ethereum (ETH) Supply in Profit Hits Lowest Level Since November 2023

What is the New Ethereum Layer-2 Network Corn?

Join our free newsletter for daily crypto updates!