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24 Hrs Crypto Update, 23 July: Bitcoin and Ethereum Disappoint Traders

Key Takeaways
  • Over the last 24 hours, there has been a surge in the value of three prominent cryptocurrencies: BCH, UNI, and ADA
  • With persistent low volatility and the imminent FOMC meeting, traders find themselves uncertain about the outcome
24-Jul-2023 By: Lokesh Gupta
24 Hrs Crypto Update
Indices LTP Change (%)
BITCOIN $29950 0.35%
ETHEREUM $1881 0.58%
Indices VALUE Change (%)
MARKET CAP $1.24 T 0.30%
TRADING VOLUME $30.70 B 8.10%
Indices LTP Change (%)
Xfinance $46.27 3456.84%
X $0.00019 752.56%
TracerDAO $0.0072 102.05%
blockbank $0.0048 61.71%
OriginProtocol 0.12 59.18%
Indices LTP Change (%)
HaloDAO $0.0000000081 79.26%
GazeTV $0.000077 58.23%
Bread $0.0057 45.40%
StormX $0.0074 41.50%
CorionX $0.00010 36.63%

BTC rebounds past $30K, Cardano among top gainers

In the early Monday morning trading session in Asia, Bitcoin saw a rise and reclaimed the crucial US$30,000 support level. However, it later retracted its gains. Ether, on the other hand, moved higher and approached the US$1,900 mark. Simultaneously, the majority of the top 10 non-stablecoin cryptocurrencies recorded gains during the same period.

Major Events Around the World

In a truly remarkable development, Elon Musk, the owner of Twitter, has announced an imminent and extensive overhaul of the popular social media platform. The new domain for Twitter will be, which has already begun redirecting visitors to the platform. While hints have been dropped in the past, Musk has now made it official. Utilizing his influential platform, he revealed, "We will bid farewell to the Twitter brand and, over time, phase out all bird-related elements," Musk tweeted.

The ongoing legal dispute between the renowned cryptocurrency exchange, Coinbase Global Inc, and the U.S. Securities and Exchange Commission (SEC) has now entered a pivotal stage. Judge Failla has issued a scheduling order, delineating the crucial deadlines for submissions. Paul Grewal, the Chief Legal Officer of Coinbase, emphasized on Twitter the significance of these deadlines in shaping the course and ultimate resolution of the lawsuit.

Ripple Labs Inc's General Counsel, Stuart Alderoty, has strongly criticized the United States Securities and Exchange Commission (SEC) for its relentless pursuit of cracking down on the cryptocurrency ecosystem under the guise of a security war. In response to a tweet from the company's CEO, Brad Garlinghouse, accusing the market regulator of leading a retail protection campaign that is causing unimaginable harm to investors, Alderoty took to Twitter to express his discontent.

COIN GABBAR Views: Will traders' uncertainty due to persistent low volatility, coupled with the upcoming FOMC meeting, lead to a potential comeback by buyers or a drive in price by sellers? Is the current calm before an impending storm, and are market participants closely monitoring the situation for any decisive breakout? Stay tuned for the latest news at

Also read: ChatGPT Invades Android: A Potential Threat to Google's Reign?

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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