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The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
Bitcoin price is down today as investors expect the Federal Reserve to raise rates and crypto whales send record amounts of BTC to exchanges.
The latest price moves in crypto markets in context for July 24, 2023.
Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
- 15:15BTC falls below $96,000, up 0.06% on the dayThe ticker shows that BTC has just fallen below $96,000 and is now at $95,978.60 per coin, up 0.06% on the day.
- 14:49730.781 BTC were transferred to an unknown address 15 minutes ago, valued at 71.29 million US dollarsAccording to Arkham monitoring, about 15 minutes ago, Grayscale transferred 730.781 BTC to an unknown address, valued at 71.29 million US dollars.
- 14:48The U.S. stock market opens with a general rise in the cryptocurrency sector, MicroStrategy increases by 2.9%U.S. stocks opened, with the Dow Jones up 0.61%, the S&P 500 index up 0.58%, and the Nasdaq up 0.75%. MicroStrategy (MSTR.O) rose by 2.9% after news that it bought over fifty thousand Bitcoins last week for $5.4 billion; other cryptocurrency concept stocks generally rose, with Coinbase (COIN.O) rising by 1.5%.