Will Uniswap Price Lose $5 Support if Regulatory Headwinds Intensify?

The crypto market witnessed a slight downtick during the U.S. market trading session as Bitcoin plunged $56500. The renewed selling triggered a slight pullback in most of the major altcoins, including Uniswap. The UNI price is down 2.53% today but maintains a short-term sideways despite the recent legal saga with the US Commodity Futures Trading Commission (CFTC).