UNI Skyrockets by Double Digits, BTC Price Eyes $89K: Weekend Watch

Bitcoin’s relatively still weekend moves continued in the past 24 hours as the asset managed to climb by just a grand to $89,000, where it faced immediate resistance.

Most larger-cap altcoins are quite sluggish on a daily scale, which is to be expected on a Sunday. UNI, CC, NIGHT, and ICP have emerged as the biggest gainers today.

BTC Tapped $89K

The past week was anticipated to be a volatile one, and it was. It all began on Monday afternoon when BTC plunged from $90,000 to under $86,000 within just a few hours. After a minor rebound to $88,000, the asset went on the offensive on Wednesday and shot up to $90,400.

However, that was another fake-out as the bears immediately regained control and pushed it south to under $85,500. Then came Thursday, and the release of the US CPI data for November was much better than expected. BTC surged to $89,500, but the rejection scenario repeated.

This time, the subsequent retracement drove the cryptocurrency to a multi-month low of $84,500. Nevertheless, another relief rally followed, and BTC spiked to $89,500 on Friday. Even though it was stopped there, it has remained mostly above $88,000 and briefly tapped $89,000 earlier today.

Its market cap has neared $1.770 trillion, while its dominance over the alts is well above 57%.

UNI on the Run

As mentioned above, most larger-cap alts have been quite calm over the past day. ETH has neared $3,000, BNB is close to $860, while XRP remains above $1.90. SOL, ADA, BCH, LINK, ZEC, and DOGE are slightly in the red, while XMR and TRX are up by 2-3%.

NIGHT has jumped the most from the top 100 altcoins, surging by over 30% to $0.09. UNI follows suit, with a 10% pump that has pushed it to $6.30. CC, QNT, and ICP have marked impressive gains as well.

The total crypto market cap has added another $20 billion overnight and is close to $3.1 trillion on CG.