On Tuesday, July 18, the crypto price chart displayed about equal quantities of greens and reds adjacent to the listed cryptocurrencies. Bitcoin fell 0.65 percent to trade at $30,157. Despite the somewhat reduced market pace, Bitcoin has managed to maintain investor interest in it. The value of the most costly cryptocurrency has decreased by $98 in the last 24 hours.
On Tuesday, Ether fell 1.27 percent, joining Bitcoin on the losing side of the crypto price chart. At the time of writing, the price of ETH was $1,908.
“On-chain data indicates a re-accumulation phase among investors. This sentiment hints at an impending significant market move, although its precise direction remains uncertain. This week focuses on the upcoming tech firm earnings and jobless claims announcement slated for July 20. Another major event looms on the horizon: the Federal Reserve’s decision on interest rate hikes, which is still approximately two weeks away. As per the CME FedWatch Tool, 96 percent of the market sentiment remains convinced of an impending rate hike of 0.25 percent,” the CoinDCX team told Gadgets 360.
On Tuesday, the prices of a number of major cryptocurrencies fell.
Tether, Ripple, USD Coin, and Binance USD are examples of stablecoins.
According to CoinMarketCap, the overall crypto market capitalization has dropped 0.86 percent in the last 24 hours to $1.2 trillion. The crypto fear and greed index, on the other hand, has risen by two points to 56/100, re-entering the greed zone.
Meanwhile, Binance Coin, Tron, Polkadot, Chainlink, and Monero made minor gains.
“Post XRP and MATIC surge last week, Ethereum Layer 2 scaling solutions have seen significant investor attraction as in the last five days, Arbitrum (ARB) is up by 18 percent and Optimism (OP) is up by 25 percent. Another major altcoin, providing real-world data through its decentralized oracles, Chainlink has launched a cross-chain interoperability protocol aimed to bridge blockchain and traditional finance by using the famous SWIFT’s messaging infrastructure. DeFi protocols like SNX (-2.5 percent) and AAVE (-3.7 percent) can observe a gain in momentum due to this development,” Shubham Hudda, Senior Manager, CoinSwitch Markets Desk told Gadgets 360.