Crypto tokens dipped on Tuesday as traders await Fed Chairman Jerome Powell's upcoming speech. Investors anticipate his insights on potential policy adjustments to curb inflation due to robust economic growth, or if current disinflation efforts warrant maintaining steady rates.
Bitcoin's unusual behavior could be linked to the significant rise in US Treasury yields, causing disruptions in more vulnerable market segments. Simultaneously, there's anticipation in the market regarding the upcoming Jackson Hole symposium, where Fed Chair Powell's discussions carry importance.
Bitcoin (BTC)
As of the current writing, the price of Bitcoin is $26,009 showing a 24-hour loss of 0.10 percent. In India, the value of Bitcoin is Rs 23,10,000.
Ethereum (ETH)
At the time of writing, the price of Ethereum was $1,635, showing a 24-hour loss of 1.60 percent. In India, the price of Ethereum stood at Rs 1,44,000.
Binance (BNB)
At the time of writing, the price of Binance was $213.40 showing a gain of 2.30% in 24-hour. In India, the price of Binance stood at Rs 19,157.
Cardano (ADA)
At the time of writing, the price of Cardano was $0.2590, showing a 24-hour loss of 1.00 percent. In India, the price of ADA stood at Rs 23.10.
Dogecoin (DOGE)
DOGE recorded a 24-hour gain of 0.20 percent, with its current price at $0.06269. In India, the price of Dogecoin stood at Rs 5.59.
Litecoin (LTC)
Litecoin registered a 24-hour increase of 0.30 percent. As of the current time, it was trading at $64.86. In India, the price of LTC stood at Rs 5603.
Ripple (XRP)
XRP's price, recorded at $0.5210, experienced a 24-hour loss of 0.20 percent. In India, Ripple's price stood at Rs 46.40.
Solana (SOL)
The price of Solana was recorded at $20.62, reflecting a 24-hour decrease of 2.30 percent. In India, the price of SOL stood at Rs 1800.
In the preceding 24 hours, the cryptocurrency markets have exhibited indications of consolidation, resulting in a lack of significant movement in the crypto greed and fear index. Currently, the index holds at a value of 37 out of 100.
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COIN GABBAR Views: Is BTC undergoing a significant development? Is Binance using Bitcoin sales to curb BNB declines? What's the reality behind this? Will the 25000 support maintained by the bulls persist? Could it surge to $30000, or might we witness a drop to 20000? Stay tuned for the latest news at www.coingabbar.com
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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