Apecoin rose to its highest point in over two months on hump day, as prices rebounded following a two-day losing streak. Uniswap was another big mover on Wednesday, as the token climbed by as much as 14%. Overall, the global crypto market cap is trading 2.79% higher as of writing.

Apecoin (APE)

Apecoin (APE) was one of today’s notable tokens to surge, as global crypto markets were back in the green.

APE/USD snapped a two-day losing streak, as the cryptocurrency rose to an intraday peak of $7.41 earlier in today’s session.

The move sees APE once again break out of its long-term resistance level at $7.10, which has been held since May 25.

Wednesday high sees the token recapture those highs, with bulls now hoping to sustain this most recent break, unlike the moves this past weekend.

As of writing, the relative strength index (RSI) is now trading at 67.44, which is marginally below a resistance point of 68.

In order for bullish momentum to continue into the remainder of the week, we will need to see APE break out of this ceiling.

Uniswap (UNI)

Like APE, uniswap (UNI) also rose today, with prices nearing their highest point in over two months, following an earlier price surge.

The token was up by nearly 14% during the hump-day session, with prices rising to a high of $9.33 in the process.

This rally saw UNI/USD move towards last Thursday’s high of $9.85, which is the highest point the token has traded at since April 15.

However, in order to recapture this high, UNI must break out of an interim resistance level of $9.40, which it has so far failed to achieve today.

Following earlier highs, UNI is now trading at $9.08, as traders likely liquidated positions, in order to secure gains.

This comes as the 14-day RSI has collided with a ceiling of its own at the 66 level, which likely triggered fear in previous bulls.

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Do you expect uniswap to overcome this hurdle in the coming days? Let us know your thoughts in the comments.

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On August 2, the Atlanta-based crypto payment services provider Bitpay announced that it has expanded its crypto asset support with two different crypto assets. Bitpay revealed the company has integrated apecoin and euro coin into the firm’s platform and the luxury retailer and designer Gucci has announced it will be the first merchant to accept apecoin through Bitpay.

APE and EUROC Now Supported by Bitpay’s Payments Platform, Gucci Becomes the First Merchant to Accept APE via Bitpay’s Services

Bitpay has added two new crypto assets to the company’s payment platform after Bitpay’s payment processor already accepted digital currencies like bitcoin, bitcoin cash, ethereum, xrp, dogecoin, shiba inu, and litecoin.

Alongside those coins, Bitpay supports a few stablecoin assets as well like Circle’s usd coin (USDC). This week, Bitpay expanded the platform’s options by adding apecoin (APE) and euro coin (EUROC).

Apecoin (APE) is well known for being a crypto asset designed for the Bored Ape Yacht Club (BAYC) metaverse called the “Otherside.” The digital currency euro coin (EUROC) is the newly launched Circle stablecoin backed by 1:1 with the euro (EUR).

Both crypto assets were launched this year and Bitpay details that the luxury retailer and designer Gucci will be the first merchant to accept APE via Bitpay’s system in U.S. stores.

Gucci already accepts ten different crypto assets and Bitpay’s co-founder and CEO Stephen Pair said luxury merchants like Gucci, asked Bitpay to support APE and the new euro-based stablecoin EUROC.

“We added apecoin and euro coin because customers of our luxury merchant partners asked for it,” Pair said in a statement sent to Bitcoin.com News. Bitpay also explained that apecoin holders can leverage the coin with the Bitpay Mastercard.

Apecoin is ranked 33 out of more than 13,000 crypto asset market capitalizations and it reached an all-time high three months ago on April 28, 2022. At that time APE tapped $26.70 per token and today, apecoin is down 74.5% from the all-time price high.

Circle introduced euro coin in mid-June 2022 and the number of euro-pegged stablecoins has swelled 1,683% since 2020. Prior to supporting EUROC, Bitpay already supported five USD-pegged stable coins BUSD, DAI, GUSD, USDP, and USDC.

What do you think about Bitpay adding APE and EUROC to the company’s supported lineup of crypto assets? What do you think about the luxury retailer and designer Gucci accepting APE at its U.S. stores? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Grey82 / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.