Uniswap jumps 22% and altcoins rally ahead of Fed decision
On June 17, 2026, during Wednesday trading, Bitcoin was trading near $65,800 to $66,000, down about 0.3% over the previous 24 hours but up 7.4% on the week. Uniswap’s UNI jumped 22.5% to $3.53 after coverage from Standard Chartered, and broader altcoins were rallying ahead of the Federal Reserve’s first rate decision under Chairman Kevin Warsh.
Bitcoin traded near $65,800 to $66,000 and was down about 0.3% over the past 24 hours while registering a weekly gain of 7.4%. Ether rose 1.4% to $1,793 and recorded a 10.4% increase on the week. Solana added 14.7% over the seven-day period, contributing to broader weekly strength among major tokens.
Hyperliquid’s HYPE climbed 7.8% on the day and 34.3% over the week, marking one of the larger short-term moves among smaller-cap tokens. XRP slipped 0.9% to $1.22 on the day. Uniswap’s UNI jumped 22.5% to $3.53 after institutional coverage from Standard Chartered that included a $100 price target by 2030. Other altcoins were described as rallying over the period, with multiple tokens posting gains over the seven-day window.
Market moves over the past day were mixed, while weekly performance showed notable gains across several major cryptocurrencies. The summary above lists reported daily and weekly percentage changes and specific price moves where available.
Brent crude fell below $79 a barrel, its lowest in more than three months, after sliding 15% over four sessions. The reported US-Iran memorandum would allow Iran to sell oil immediately and to access a $300 billion development fund. The US Treasury said it would issue waivers for Iranian crude and petrochemical exports once the memorandum is signed, in exchange for a commitment never to seek a nuclear weapon.
Australian and Japanese 10-year yields slipped about five basis points. The Federal Reserve was due to make its first rate decision under new Chairman Kevin Warsh. Cheaper oil was noted as easing the inflation picture as Warsh took over.
These macroeconomic and geopolitical developments were recorded on June 17, 2026. They were reported alongside ongoing market movements and central bank coverage in the same briefing. The points above outline the immediate macro backdrop cited that day.
Market sentiment on June 17, 2026 reflected cautious optimism as altcoins continued to rally and Bitcoin remained relatively steady ahead of the Federal Reserve’s upcoming rate decision under Chairman Kevin Warsh. Equity markets showed mixed moves, with the Nasdaq 100 down almost 2% and S&P 500 futures edging up 0.2%, while macro and geopolitical developments were also noted in the same market update.
