DeFi Tokens Aave And Uni Rise 8%, Bitcoin Remains At $47K

DeFi tokens Aave and UNI rise by 8% while Bitcoin remains stuck around $47,000 as we can see more in today’s altcoin latest news.

Bitcoin continued its consolidation around $47,000 after failing to overcome the $48,000 price level a few hours ago. Most altcoins are calm as the new year started with a few exceptions. Defi tokens Aave and Uni charted more impressive gains. The altcoin space is known for its enhanced volatility so for the first three days of 2022, we have seen quite the opposite as most assets are calm. Ethereum continues to dabble with the 00 line and the second biggest crypto surpassed the level yesterday but dropped a little and now sits shy of it.
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Binance coin found itself trading at a similar position of $525 and Terra and Polkadot are also both in the green while Solana, Ripple, Cardano, Avalanche, Dogecoin, Shib all registered minor losses.

The biggest gainers came from the Defi industry. Yearn Finance’s YFI token led the way with a 12% increase and surpassed $40,000. Aave followed with a 9% jump to $275. Uniswap’s UNI came next as an 8% rise drove it to above $18. the crypto market cap remained still just below $2.250 trillion. The main cryptocurrency experienced a high price fluctuation at the end of 2021 but a sudden price pump took it from below $47,000 to a high of $48,500 but the bears were fast to intercept the move. In the next few hours, they pushed the asset down by $3000 and BTC bottomed below $46,000 while bitcoin started a recovery and traded around $47,000.

In the past 24 hours, BTC started a new leg up that resulted in hitting $48,000 but it failed to breach this level, and now Bitcoin trades around $47,000 once again. The market capitalization remained stuck below $900 billion only 13 years after the network launched.

As recently reported, the first day of 2022 ended in the green as most of the crypto market is in the green and this includes a slight increase from BTC to above $47,000 with some more gains being evident from Polkadot and Avalanche. As 2021 was coming to an end, Bitcoin was stuck below $47,000 but the sudden price pump drove it above $48,500. However, the market changed in the next few hours, and instead of charting more gains, BTC reversed its trajectory and dumped by $3000 which eventually culminated in a drop to below $46,000 which became the lowest price tag in 11 days. If you want to check the real-time value of Bitcoin, make sure to check out our bitcoin price calculator.