Bitcoin rises to around $67,800, UNI boosted by BlackRock's move
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Bitcoin price rose to around $67,800, despite a stronger-than-expected US employment report delaying market expectations for a Federal Reserve rate cut. Derivatives data shows that bearish momentum has stabilized, with increased demand for short-term downside protection, and options traders are paying a "panic premium" for put options. In addition, UNI price surged as BlackRock decided to launch its $2.2 billion tokenized US Treasury fund BUIDL on Uniswap, and strategically invested in the exchange and its governance token.
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