The price of Bitcoin (BTC) is up over the past 24 hours this morning, but has struggled to convincingly break through the $20k mark. It currently sits at around $19,700 – up two per cent since this time yesterday.
The market leader continues to track stock markets, which are also struggling amid the ongoing failure to tame inflation and fears the global economy will fall into recession.
Other major cryptocurrencies have actually fared better, with Ethereum up almost six per cent on the day. The second-largest cryptocurrency is currently changing hands for around $1,127. It comes ahead of the upcoming, long-anticipated ‘Merge’ event, which will see the network transition from a proof-of-work to proof-of-stake platform.
Uniswap is the day’s big winner, building on yesterday’s strong performance to climb another eight per cent in price.
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