The traditional trading sector and the cryptocurrency industry can expect to feel the effects of some upcoming financial developments this week. Bitcoin started the last week of July down due to anticipatory market pressure. As of Monday, July 24, the most expensive cryptocurrency can be purchased for $29,717 (approximately Rs. 24.3 lakh). For the fifth day in a row dating back to last week, BTC has failed to reclaim a price point above the mark of $30,000. (roughly Rs. 24.6 lakh).
On Monday, Ether followed Bitcoin's downward trend. With a 0.34 percent decrease, ETH is currently trading at $1,865. (roughly Rs. 1.52 lakh).
The chair of the US Securities and Exchange Commission (SEC) expressed disappointment over the loss of the XRP case, which may have contributed to the recent drop in price. Edul Patel, CEO of Mudrex Investment Firm, told Gadgets 360 that the market may be relatively calm this week because the FOMC's decision on interest-rate policy is due on Wednesday.
Almost every major cryptocurrency is in the red right now. Tether, Ripple, Binance Coin, USD Coin, Cardano, and Dogecoin are just some of the alternatives.
Some alternative cryptocurrencies, which saw price increases last week, are currently experiencing a correction. This includes LINK (-2.5%), SNX (-5.6%), SOL (-1.0%), and XRP (-4.0%). (-0.7 percent). Investments Lead at CoinSwitch Ventures Parth Chaturvedi told Gadgets 360 that the market is getting ready for the Fed's decision on interest rate policy, which is scheduled for Wednesday.
Twitter Account of Uniswap's Founder Hacked by Cryptocurrency Scammers
Since yesterday at this time, the total value of all cryptocurrencies has decreased by 0.49 percent, to a total market cap of $1.19 trillion (roughly Rs. 97,55,691 crore).
With a score of 55/100, five points higher than it was last Friday, the crypto fear and greed index is now in the greed zone.
Only a select few cryptocurrencies were able to maintain profits amidst the persistent market volatility.
The McNuggets Land, a new venture from McDonald's Hong Kong, is just one example. You can visit this official metaverse world right now within The Sandbox. In honour of Chicken McNuggets' 40th birthday, players can take a tour of the snack's history while also completing quests and earning SAND (+0.4 percent) tokens in the process.
Is Nothing Phone 2 meant to replace Phone 1, or can both models coexist? In this episode of Orbital, the Gadgets 360 podcast, we talk about the company's new phone and other topics. You can listen to Orbital wherever you normally listen to podcasts, including on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music, and more.