Crypto under a trillion? Yikes.
The total crypto capitalization closed July 24 at $1.03 trillion, a modest 0.5% negative seven-day movement. The apparent stability is biased toward the flat performance of BTC and Ether and the $150 billion value of stablecoins. The broader data hides the fact that seven out of the top-80 coins dropped 9% or more in the period.
The Federal Reserve policy meeting is scheduled for July 26 and 27, and investors expect the United States central bank to raise interest rates by 75 basis points. Moreover, the second quarter of U.S. gross domestic product – the broadest measure of economic activity — will be released on July 27.Investors sentiment improved from July 18, as reflected in the
Solana corrected 9% after the demand for the smart contract network could be negatively impacted by Ethereum's upcoming migration to a proof-of-stake consensus.The OKX Tether premium is a good gauge of China-based retail crypto trader demand. It measures the difference between China-based peer-to-peer trades and the United States dollar.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAUUSD bulls look to $1,741 and $1,750 ahead of Fed – Confluence DetectorGold price is fluctuating between losses and gains so far this Monday, as investors remain on a cautious footing ahead of this week’s Fed rate hike de
Read more »
US week ahead: Fed rate hike decision and Q2 GDP in focus – Moody’sMoody’s Investors Services provides a detailed preview of the much-awaited Fed rate hike decision and the US advance Q2 GDP due on the cards later thi
Read more »
USD/JPY marches towards 137.00 as Fed-BOJ policy divergence widens furtherThe USD/JPY pair is marching towards 137.00 as investors are betting over the widening Federal Reserve (Fed)-Bank of Japan (BOJ) policy divergence on
Read more »
Stock Futures Fall Slightly as Wall Street Braces for a Busy Week of Earnings, Fed MeetingInvestors prepare for a stacked week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve.
Read more »
Progressive Rep. Khanna blames inflation on Fed; says US should not export oil from strategic reserveU.S. Rep. Ro Khanna, a progressive from California, suggested that producing more goods in America rather than importing them from overseas will help lower inflation.
Read more »
U.S. Treasury yields nudge higher ahead of Fed meeting; recession risk in focusU.S. Treasury yields rose on Monday as investors geared up for a big week of corporate earnings and a key policy decision from the Federal Reserve.
Read more »