24 Hrs Crypto Update,10 July: BTC above $30,500 Amid Market Volatility
- Investors will keep a keen eye on inflation figures and jobless claims data later this week, seeking insights into the potential trajectory of interest rates
- Over the past 24 hours, well-known cryptocurrencies like BTC, BNB, XRP, and MATIC, among others, have sustained a positive trajectory, consistently demonstrating upward price trends
Top crypto tokens, including Bitcoin, surged to higher price
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $30513 | 1.55% |
| ETHEREUM | $1883 | 1.23% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 1.30% |
| TRADING VOLUME | $74.10 B | 79.85% |
| Indices | LTP | Change (%) |
|---|---|---|
| dfohub | $0.0011 | 298.53% |
| renbtc | $31403 | 143.77% |
| tor | $0.74 | 88.62% |
| clucoin | $0.0000000019 | 88.28% |
| ravigovernance | 2.02 | 74.33% |
| Indices | LTP | Change (%) |
|---|---|---|
| MONETHA | $0.0027 | 63.14% |
| SMARTCASH | $0.00019 | 60.80% |
| POPCORN | $0.20 | 27.89% |
| DINOSWAP | $0.00084 | 22.23% |
| BOBM | $0.077 | 19.13% |
Bitcoin and other leading cryptocurrencies gained momentum on Monday following signals from the US Fed indicating the approaching conclusion of the rate hike cycle. Despite liquidity challenges, Bitcoin remains resilient in demonstrating decentralization. However, the broader crypto market continues to grapple with liquidity issues.
Major Events Around the World
Former U.S. Securities and Exchange Commission (SEC) Chair, Jay Clayton, made a significant revelation on Monday regarding the evolving perception of futures and spot Bitcoin markets. This shift in perspective has been triggered by the recent surge in spot ETF applications submitted by prominent asset managers such as Black rock, Fidelity, and Valkyrie. Clayton expressed optimism, suggesting that the regulators in the United States might grant approval for these spot ETF applications, provided there is a clear explanation of the contrasting levels of protection and surveillance offered by these two financial products. Interestingly, this development follows Standard Chartered bank's revision of its Bitcoin price forecast for the next two years.
On Monday, July 10th, US prosecutors charged a Moroccan man with the theft of two Bored Ape NFTs and other digital assets through the creation of a fraudulent OpenSea marketplace. The individual managed to steal a staggering $450,000 worth of NFTs and cryptocurrencies. The culprit, Soufiane Oulahyane, a 25-year-old, devised a counterfeit OpenSea NFT website and cunningly deceived victims into divulging their seed phrases, which grant access to their crypto wallets. Consequently, the perpetrator gained illicit entry into the genuine OpenSea marketplace accounts, as confirmed by the Department of justice. In a statement released on Monday, Manhattan US Attorney Damian Williams expressed:
Ripple Labs Inc, an American blockchain payments firm, has received a prestigious award for its significant contribution to the advancement of Central Bank Digital Currency (CBDC) innovation. Antony Welfare, the CBDC Advisor for Ripple Labs, proudly announced the achievement on his official Twitter account. The esteemed Currency Research organization bestowed this rare accolade upon Ripple Labs during the highly anticipated 2023 Digital Currency Conference.
COIN GABBAR Views: Does the current consolidation period raise doubts about market sentiment, leaving us uncertain if the sell-off is ending or if the bulls are gearing up for a rebound? Share your thoughts on whether Crypto will experience an upward movement in the comment box below. 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.
