UNI surged 22.5% after Standard Chartered set a $100 long-term target, while bitcoin remained flat near $65,800.
Uniswap’s UNI token jumped 22.5% to $3.53 after Standard Chartered initiated coverage with a $100 price target by 2030, calling it a foundational layer for decentralized finance. Altcoins including solana and Hyperliquid’s HYPE also posted strong gains.
Bitcoin traded near $65,800, down 0.3% over 24 hours but up 7.4% for the week, as investors awaited the Federal Reserve’s first rate decision under new Chair Kevin Warsh. The token’s stability contrasted with broader altcoin strength.
Falling oil prices and a bond rally improved risk sentiment, but the Fed’s tone on rates remains critical for bitcoin’s next move amid capital rotation into altcoins.