Cryptocurrencies Price Prediction: Uniswap, Bitcoin & Ethereum – Asian Wrap 12 March

Uniswap (UNI) price trades in the red on Wednesday at $5.84 after falling nearly 9% in the last two days. This downward trend is further supported by UNI’s Exchange Flow balance, which shows a positive spike. Moreover, Lookonchain data shows that on Wednesday, whale wallet deposited 2.25 UNI tokens worth $13.71 million into the Kraken exchange, likely to cut losses.

Bitcoin (BTC) price hovers around $82,700 on Wednesday after recovering 5.52% the previous day. Ethereum (ETH) price shows weakness while Ripple (XRP) price shows signs of recovery as these coins expect volatility around the US Consumer Price Index (CPI) data release on Wednesday.

Ethereum (ETH) is up 3% on Tuesday following Cboe BZX’s filing with the Securities & Exchange Commission (SEC) for Fidelity to permit staking within its spot Ethereum ETF.