Bitcoin Recovery, Uniswap L2, and Key Weekend Crypto News

Weekend Headlines:

Bitcoin is showing signs of recovery after a recent dip, with the price currently testing resistance near $61,970 USDT.

While the short-term trend hints at a bullish outlook, Bitcoin needs to break above the 50-period moving average to sustain upward momentum.

Key support sits around $60,900.

Meanwhile, ETH is trading at $2,431.

In other news:

• Bitcoin briefly dips under $59K, triggering $160M in liquidations.
• Uniswap eyes an L2 solution to revolutionize decentralized finance (DeFi).
• MicroStrategy considers transforming into a Bitcoin bank.
• Ethena invests $46M in real-world asset (RWA) funds.
• FBI creates its own cryptocurrency to target cybercriminals.
• The US government prepares to sell $4.4B worth of Bitcoin from the Silk Road seizure.
• The National Bank of Bahrain launches a Bitcoin fund.
• BlackRock highlights how crypto adoption is outpacing the growth of past technologies.
• Leading Gainers: WIF, POPCAT, SEI, TIA, SUI, OM.

Stay tuned as the crypto world continues to evolve rapidly!