Blackrock’s Holdings Eclipse Grayscale, Uniswap Price Rally Expected

As a seasoned crypto investor with a decade of experience navigating the digital asset landscape, I can confidently say that the recent shift in on-chain assets, with BlackRock surpassing Grayscale in total holdings, is a significant milestone for the industry. This move establishes BlackRock as a dominant force within the Arkham network, and their growing influence could potentially drive value for altcoins like Uniswap.


BlackRock now holds more cryptocurrencies than Grayscale, a notable shift in the distribution of digital assets on the blockchain. This development positions BlackRock as the leading ETF-related entity within the Arkham network. At present, BlackRock’s crypto holdings are estimated to be worth around $22.14 billion, edging out Grayscale’s holdings which are valued at approximately $21.99 billion.

BlackRock Surpasses Grayscale in Cryptocurrency Assets

As Bitcoin nears the $60,000 level, a significant increase in its value has sparked optimism across the cryptocurrency market. This upward movement could indicate upcoming rallies for altcoins, particularly those associated with BlackRock, like Uniswap.

BLACKROCK NOW HAS MORE CRYPTO THAN GRAYSCALE

Blackrock currently holds the most on-chain assets, surpassing Grayscale, making it the dominant ETF player within the Arkham network.

Blackrock: $22,143,715,559
Grayscale: $21,996,062,828

— Arkham (@ArkhamIntel) August 22, 2024

The rising worth of these digital assets underscores the expanding influence and revival across the cryptocurrency sector, driven notably by significant institutions such as BlackRock.

Uniswap Price Surges 8%; More Bullish Ahead?

In the last 24 hours, there’s been a significant increase in Uniswap’s value. Throughout the day, it has fluctuated between a minimum of $6.36 and a maximum of $7.20.

The rise in Uniswap’s price recently can be attributed to a general uptrend in the cryptocurrency market, where numerous other digital coins are seeing growth as well. As I write this, the UNI token is surging by 8% in value.

Currently, the price of Uniswap is facing a significant obstacle at around $7. Overcoming this hurdle could lead to estimates suggesting a possible rise to $8. Following this potential increase, it may continue its upward trajectory towards $10 during the upcoming bullish trend. If the bullish momentum continues to intensify, the value of Uniswap might even reach $12 in the subsequent growth period.

Uniswap’s Open Interest Soars, Signaling Rising Investor Confidence

Based on Coinglass statistics, it appears that Uniswap’s trading activity has experienced a substantial boost. The trading volume has skyrocketed by an impressive 182.52%, reaching $424.13 million. Moreover, the open interest in Uniswap has also swelled by 14%, totaling $89.32 million. This increase in both volume and interest might suggest a rising investor trust or perhaps a response to recent market events relevant to Uniswap.

Blackrock’s Holdings Eclipse Grayscale, Uniswap Price Rally Expected

1. It appears that the Capital Movement Factor (CMF) has risen to 10 recently, signaling increased buying activity and implying money is being invested in the asset. Moreover, the MACD line (colored blue) has moved above the signal line (orange), which signals a positive trend in recent times. Lastly, the histogram, predominantly green, indicates growing bullish strength.

Blackrock’s Holdings Eclipse Grayscale, Uniswap Price Rally Expected

If the negative trends continue to grow stronger, it’s possible that the price of Uniswap may pull back to a supportive point around $6.8. A more robust support area can be found at approximately $6.5.

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2024-08-22 19:42