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The latest price moves in crypto markets in context for July 24, 2023.
Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
- 19:48US Bitcoin ETFs Net Inflows 789 BTC, Ether ETFs Net Inflows 13 ETH on 28 NovemberUpdated data on the X platform shows a net inflow of 789 BTC ($75.14 million) into the U.S. Bitcoin ETF and a net inflow of 13 ETH ($47.5 million) into the Ether ETF on 28 November.
- 19:47Capitol Macro: German, Spanish inflation data provide room for ECB to accelerate rate cutsInflation data from Germany and Spain mean the European Central Bank could accelerate the pace of rate cuts in December, said Andrew Kenningham, an economist at Capital Macro, in a report. German inflation held steady at 2.4 per cent in November, while Spanish inflation climbed to 2.4 per cent from 1.8 per cent in October.Kenningham said the data so far suggests that Capitol Macro's expectations that eurozone inflation would rise to 2.2 per cent in November, from 2.0 per cent in October, were too high. He added that given that the risk of inflation picking up again is diminishing and the risk of a prolonged period of stagnant growth is increasing, this provides a strong case for the ECB to accelerate the pace of interest rate cuts in December, raising its rate cut estimate to 50 basis points from 25 basis points.
- 19:46EtherDevs: AllCoreDevs Preliminary Consensus to Increase Blob Target/Max from 3/6 to 6/9Terence, an Ethernet protocol developer and Prysm maintainer, posted on the X platform that the AllCoreDevs meeting reached a preliminary consensus to raise the blob target/max from 3/6 to 6/9, with implementation subject to further testing and development of the network's results.
