Latest updates in the crypto market as of 02:15 PST, July 25, 2023:
- Bitcoin: Bitcoin is down 1.97% in the past 24 hours, and is currently trading at $29,115.
- Ethereum: Ethereum is down 1.67% in the past 24 hours, and is currently trading at $1,852.
- Tether: Tether is up 0.26% in the past 24 hours, and is currently trading at $0.9999.
- USD Coin: USD Coin is up 0.03% in the past 24 hours, and is currently trading at $1.00.
- Binance USD: Binance USD is down 0.26% in the past 24 hours, and is currently trading at $1.00.
The overall crypto market is down 1.67% in the past 24 hours, with a total market capitalization of $1.03 trillion.
There are a few factors that could be driving the sell-off in the crypto market today. One is the upcoming monetary policy decision by the US Federal Reserve. The Fed is expected to raise interest rates by 75 basis points, which could lead to volatility in the markets.
Another risk is the ongoing war in Ukraine. The war has caused uncertainty in the global markets, and could lead to further volatility in the near term.
Despite the sell-off, there are still some positive developments in the crypto market. For example, the Ethereum Merge is still on track to happen in August, which could lead to a significant increase in demand for ETH.
Overall, the crypto market is expected to remain volatile in the near term. However, the long-term outlook for the market remains positive.
Latest news in the crypto market:
- Bitcoin and Ethereum fall as investors weigh risks ahead of Fed decision. Bitcoin fell below $30,000 on Tuesday, while Ethereum dropped below $1,900, as investors weighed the risks ahead of the US Federal Reserve's monetary policy decision later this week.
- Crypto couple 'Razzlekhan' and husband reach plea deal over Bitfinex hack laundering. Heather Morgan and Ilya Lichtenstein, the couple who were arrested in 2021 for allegedly laundering $4.5 billion in cryptocurrency stolen from the Bitfinex hack, have reached a plea deal with the US government.
- Hackers drain $3 million in Ethereum from DeFi protocol Conic Finance. Hackers have drained $3 million in Ethereum from the DeFi protocol Conic Finance. The attack was carried out through a flash loan attack, which is a type of exploit that allows hackers to borrow large amounts of cryptocurrency without collateral.
- Coinbase CEO Brian Armstrong says company is 'well-positioned' for bear market. Coinbase CEO Brian Armstrong says the company is "well-positioned" for the current bear market in cryptocurrencies. Armstrong said that Coinbase has a strong balance sheet and is "not facing any liquidity issues."
- Grayscale CEO says company is considering converting its GBTC trust into a spot ETF. Grayscale CEO Michael Sonnenshein says the company is considering converting its GBTC trust into a spot ETF. A spot ETF would allow investors to trade GBTC directly on a stock exchange, rather than having to go through Grayscale.
These are just a few of the latest news in the crypto market. For more updates, be sure to follow the latest crypto news articles and blogs.
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