Crypto News: Crypto Market Uptrend Shows No Signs of Slowing

Crypto market cap increased by 2.10%, hitting $2.58 trillion

• The FOMC interest-rate decision, Jerome Powell's press conference, and US job data could influence the Fed's rate cut plans.

• Donald Trump pledges to fire SEC Chair Gary Gensler, promising a pro-crypto agenda to make the US a "Bitcoin superpower".

Major Events To Watch

Crypto Fear and Greed Index:

Crypto Fear and Greed Indicator shows market sentiment at 74 (Greed), up from 71 (Greed) yesterday and last week.

Cryptocurrency values have soared in the past 24 hours

TOP 5 Gainers Coins

Latest Market Update: 

• #Bitcoin ($BTC) surged in the past 24 hours, breaking above $69K.

• Major altcoins like #Bitcoin SV ($BSV), #Juipter ($JUP), #Worldcoin ($WLD), #Solana ($SOL), and #Bitcoin Cash $(BCH) are seeing gains.

• #AIOZ Network ($AIOZ) surged significantly, up over 20.82% in the past 24 hours.

• #MANTRA ($OM) dropped by more than 2.05% in the last 24 hours.

• The total crypto market volume over the last 24 hours is $51.02B, a 30.37% decrease.

• The total volume in DeFi is currently $2.96B, 5.80% of the total crypto market 24-hour volume.

• The volume of all stablecoins is now $45.62B, 89.41% of the total crypto market 24-hour volume.

• Bitcoin’s dominance is currently 55.51%, a decrease of 0.02% over the day.

Major Worldwide News Update:

• This week is pivotal for the crypto market with key events including the FOMC interest-rate decision, Jerome Powell's press conference, and US job data. Anticipation is high for potential rate cuts, with the FedWatch Tool showing an 89% chance of a 25 bps cut in September. Investors are closely watching these developments for market impact.

• At the Bitcoin Conference 2024, Donald Trump announced plans to fire SEC Chair Gary Gensler and appoint a pro-innovation successor. He pledged to end the "anti-crypto crusade," make the US a "Bitcoin superpower," and implement pro-crypto regulations, emphasizing his commitment to a pro-crypto agenda for his potential presidency.

• Gemini co-founder Cameron Winklevoss warned Kamala Harris about a potential crypto industry "reset." He urged Harris to take decisive action, including firing SEC Chair Gary Gensler. Winklevoss emphasized the crypto community's demand for tangible actions and resilience against empty promises. Market analysts predict varying Bitcoin outcomes depending on the 2024 election results.

• WazirX 's latest poll offers two options for users to regain partial access to their funds after a hack. Users can access 55% of their portfolio with or without immediate withdrawals, with varying recovery priorities. The poll deadline is August 3, and decisions will impact tax implications, withdrawal limits, and future operations.

• The University of Wyoming will launch the UW Bitcoin Research Institute in August, led by Bradley Rettler. The institute aims to address the current lack of high-quality Bitcoin research with peer-reviewed studies. It will offer summer workshops, academic prizes, and weekly seminars, and is accepting Bitcoin donations for its nonprofit research efforts.

• Casper Network halted activities to address a security breach, locking transactions at block 3,329,418 era 14544. The breach, impacting a few major accounts, is contained and under investigation. Trading of $CSPR continues on exchanges to maintain liquidity. Casper Network commits to transparency with a forthcoming post-mortem report and code changes on GitHub.

COIN GABBAR Views: What’s next for Bitcoin (BTC) following Trump’s $69k rally trigger? How high could Bitcoin’s price rise after his bullish speech on cryptocurrency? Is Bitcoin set for a fresh pump, with the market gearing up for an upswing? With a potential US Fed rate cut on the horizon, could Bitcoin (BTC) breakout in August? Will Bitcoin reach $100,000? To get latest news Stay tuned us at coingabbar

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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