Ahead of an expected further rate hike in the US, most cryptocurrencies posted losses on Tuesday, July 23. Bitcoin was down 2.64 percent in price on Tuesday, trading at $29,077 (about 23.7 lakh rupees). In the last 24 hours, the value of BTC has fallen by $640 (roughly Rs. 52,345). Bitcoin’s volatility is currently down to its lowest level in a year as investors await this week’s Federal Open Market Committee (FOMC) meeting. The 30-day estimate of BTC volatility has dropped to just 0.74 percent, its lowest level since Jan. 16, 2023.
ether tagged with Bitcoin on the red side of crypto price charts. The altcoin is down 2.30 percent and is currently trading at $1,850 (roughly 1.5 lakh rupees). Ether price has remained almost unchanged in the last 24 hours.
“The FOMC is expected to hike rates by 25 basis points this week on expectations that this could be the Federal Reserve’s last rate hike for the foreseeable future. In addition to the Federal Reserve interest rate decision, the US will release its initial jobless claims for the week ending July 22nd. This economic indicator provides key insights into the country’s job health and economic recovery progress,” the CoinDCX research team told Gadgets 360.
connection, Binance coin, ripple, USD coinAnd Cardano posted losses on Tuesday.
Other loss-making cryptocurrencies include: Solana, Tron, polygon, Speckle, LitecoinAnd avalanche.
The valuation of the crypto sector is down 1.68 percent over the past 24 hours and stands at $1.17 trillion (approximately 95,64,352 crore). CoinMarketCap.
The crypto fear and greed index has returned to the neutral zone after a five-point drop; The current score is 50/100.
“DOGE (+8.0 percent) has shown positive price action within minutes after Twitter CEO Elon Musk changed the Twitter logo to
Aside from the popular memecoin, only a few altcoins have seen slight gains.
Meanwhile, a crypto project founded by OpenAI co-founder Sam Altman has been named world coin (WLD) is listed on major international crypto exchanges. WLD is the native token of the privacy-aware digital identity (World-ID) and has traded with a fully diluted market cap of $22 billion (approximately 1,79,875 crore). Some investors who provided their Iris data at launch have received a portion of the WLD token.
