News Indian Bulletin

Top Bitcoin Prices On July 11, 2018, Bitcoin reaches USD 30,500

<p>Monday saw a sharp increase in the price of Bitcoin and other popular cryptocurrencies as the US Fed hinted that the rate-hike cycle was about to come to an end. Despite having issues with liquidity, Bitcoin showed encouraging signals of decentralisation. However, the cryptocurrency market is still having trouble with liquidity.<img decoding=”async” class=”alignnone wp-image-69273″ src=”” alt=”” width=”1263″ height=”748″ srcset=” 292w,×89.jpg 150w” sizes=”(max-width: 1263px) 100vw, 1263px” /></p>
<p>The biggest digital asset, Bitcoin, had a little increase of around 1% on Tuesday, but it still fell short of the USD 30,500 mark, which attracted some attention. Although Ethereum, its well-known rival, followed a similar path and had a 1% rise, it was still some way off from the USD 1,900 threshold. Interestingly, alternative currencies did better in terms of price movement than the well-known blue-chip tokens.</p>
<p>The price of cryptocurrencies hardly increased during the last day on the market. Furthermore, according to Shubham Hudda, Senior Manager of CoinSwitch Markets Desk, the cryptocurrency fear and greed index saw a one-point increase and now has a score of 57/100, placing it in the greed zone.</p>
<p>According to market capitalization, the top 10 cryptocurrencies are now trading favourably. Polygon has given traders some respite after a recent decline in alternative currencies. The project’s native token, MATIC, had a spectacular rebound of around 10% over the last day, recovering the bulk of the losses it suffered after its delisting notice on Robinhood, Hudda said.</p>
<p>All major cryptocurrencies had favourable trade on Tuesday, with the exception of Tron. While BNB saw a gain of 6%, Polygon saw an increase of almost 9%. In the early hours, Litecoin saw a three percent increase, while Polkadot and XRP both had a two percent increase. Tron, on the other hand, saw a little dip.</p>
<p>Despite a little fall of more than 1% over the previous 24 hours, the worldwide market value of cryptocurrencies showed an increasing trend, topping USD 1.19 trillion. However, the overall trade volume increased by more than 46% to USD 32.09 billion.</p>
<p>Investors anxiously anticipate the publication of inflation statistics and unemployment claims data later this week because they may provide clues as to where interest rates will go in the future. The Fed may need to increase interest rates more quickly if inflation keeps increasing. The CoinDCX Research Team asserts that the Fed may possibly loosen its present tightening measures if inflation slows down.</p>

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