Today’s (July 30) Cryptocurrency news & Price: At the time of writing this story, bitcoin was priced at $23,798.19 today, down 0.84 percent from the previous day.
Today’s Cryptocurrency News & Price:-
The US economy shrank for two straight quarters on Saturday, July 30, a typical indicator that the country is on the verge of entering a recession. Despite Friday’s strongest performance of the Fear and Greed Index since April, investors are expected to be cautious, which will have an impact on the market. Major cryptocurrencies Bitcoin, Ethereum, Dogecoin, Shiba Inu Solana, and others suffered minor losses in the early hours of Saturday, causing global markets to fall. At the time of writing this article, the market capitalization of cryptocurrencies was $1.10 trillion, down 1.09 percent from the previous day.
Since the beginning of the week, the global cryptocurrency market has been rising with only minor volatility. Over the past week, the prices of Bitcoin, Ethereum and most other cryptocurrencies have increased. According to Edul Patel, CEO and co-founder of Mudrex, most cryptocurrencies maintained their gains despite recent interest rate hikes by the US central bank.
The cryptocurrency market is now experiencing a mini rally, with market leaders such as Bitcoin and Ethereum posting their biggest results in recent memory. According to Tarusha Mittal, COO and co-founder of Uniform, bears could control the $1.76 billion bitcoin monthly options expiration on Friday as bitcoin failed to cross the $24,000 resistance.
After two days of gains, bitcoin resumed its decline on Saturday but remained mostly flat. According to data from CoinMarketCap, one bitcoin was priced at $23,798.19 at the time of writing the story, down 0.84 percent from the previous day. Bitcoin had a weekly growth rate of 4%.
“Bitcoin started the week at $22,000 and crossed the $24,000 mark on Thursday for the first time in the month. Later in the day, however, it returned to its consolidation level at $23,000. BTC could potentially trade If the current relief rally continues then the level of US$25,000 in the coming week.
Ethereum held the $1,700 level despite a slight decline on Saturday. At the time of writing this article, Ether was priced at $1,714.98, which is down 1.12% from the previous 24 hours.
“Over the past week, Ethereum is up about 5%, building strength to jump further. This pattern demonstrates the market’s strong buyer power. Overall, the market has resisted the effects of pessimism.
Here are the top 10 cryptocurrencies and their prices as of Saturday, July 30, 2022 (according to data from ctskola.com)
Bitcoin $23,798.19 or 0.84 percent loss in the last 24 hours
Ethereum $1,714.98 or 1.12 percent loss in the last 24 hours
Tether $1.00 or 0.01 percent gain in the last 24 hours
USD Coin $0.9998 or 0.01 percent gain in the last 24 hours
BNB $290.71 or 3.26 percent gain in the last 24 hours
Binance $1.00 or 0.16 percent gain in the last 24 hours
Ruby (RBC) $3.04 or 0.57 percent gain in the last 24 hours
Cardano $0.5189 or 3.50 percent loss in the last 24 hours
Solana $42.11 or 4.74 percent loss in the last 24 hours
Dogecoin $0.06915 or 3.90 percent loss in the last 24 hours
