11/04 Market Recap: Bitcoin Bounces, UNI & CKB Dip, GHSY Rises


Bitcoin experienced a significant drop following the latest US CPI announcement but quickly recovered, flirting with the $71,000 mark. This recovery came after a dip below $66,000, with Bitcoin managing to soar to a four-week high of just over $72,500 before facing another pullback. Despite these fluctuations, Bitcoin has shown resilience, maintaining a market capitalization of $1.4 trillion and asserting its dominance in the crypto space.

On the other hand, Uniswap’s native token faced a steep decline, dropping by 15% and struggling below the $10 mark. This downturn came in the wake of the SEC’s notice of intent to sue Uniswap Labs, causing unrest within the community. Nervos Network (CKB) is another loser on the day at -15% but, but that comes after an impressive 7 day run. It now sits at around $0.30 while beginning the week at $0.17.

Despite this setback for Uniswap and Nervos, other cryptocurrencies have seen impressive gains. Tokens such as DOGE, TON, NEAR, WIF, VET, and ETC have enjoyed substantial increases, with TON and WIF each surging by about 9%. Ghosty Cash (GHSY) also saw an impressive rise on account of the successful launch of their affiliate program, going as high as $0.50 from $0.30, currently at a 35% gain.

The total crypto market cap has bounced back from recent losses, reaching almost $2.8 trillion, indicating a robust recovery across the board. Ethereum (ETH) and Binance Coin (BNB) have also seen notable increases, with ETH pumping to $3,600 and BNB sitting around $600.