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Crypto

CME Group's Bitcoin Cash and Uniswap Futures Spark Rally

Guavy AI Editorial Team
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CME Group announced new futures contracts for Bitcoin Cash and Uniswap, sending both assets surging. The new contracts cater to institutional demand for risk management tools in high-liquidity altcoin markets.

Bitcoin Cash exploded 21% on the news, reclaiming its 200-day EMA at $308 for the first time since May. The move also cleared resistance above $240-$260 and flipped that zone into support.

Uniswap climbed 3%, breaking out above a descending wedge that had compressed price since 2024 highs. All four EMAs are now aligned bullish, with an overbought RSI Divergence Indicator reading 73.13 backed by a clean bullish divergence off summer lows.

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