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With blue-chip cryptocurrency markets choppy on Friday following the release of a bumper US jobs reports that saw macro traders pare back on Fed rate cut bets, $DORK, $GME and $BEBE are the biggest crypto gainers today on decentralized exchange Uniswap.
Bitcoin (BTC) swung either side of $43,000 while Ether (ETH) chopped either side of $2,300 on Friday.
Traders paring Fed rate cuts bets is a headwind for liquidity sensitive assets like crypto.
But at the same time, net flows into recently launched spot Bitcoin ETFs are turning decisively positive.
BlackRock’s iShares Bitcoin Trust (IBIT) hit $3 billion in assets under management (AUM) on Friday, indicative of strong BTC demand.
As a result, neither the bulls nor bears were able to take control of blue-chip markets on Friday.
However, some number of small-cap cryptocurrencies are almost always pumping and nearly always also take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
That being said, here are some of the biggest crypto gainers today on web3’s best-known decentralized exchange (DEX) Uniswap.
