UNI token surges while rest of crypto market looks to Fed’s Warsh for guidance
The Federal Open Markets Committee is set to announce the first interest-rate decision under Fed Chair Kevin Warsh, who then faces questions from journalists.
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Summary
- Bitcoin slipped below $65,000 and broader crypto markets softened ahead of the first FOMC decision under new Fed Chair Kevin Warsh, with traders focused on his inflation guidance rather than an immediate rate move.
- Derivatives and volatility metrics show a calm market, with futures volumes, open interest and liquidations all declining and bitcoin’s 30-day implied volatility hovering near multiweek lows.
- Uniswap’s UNI has extended a weeklong rally on a bullish Standard Chartered forecast and deflationary tokenomics.
