Page 4 - Quick Glance News Today

"Crypto markets saw a slight dip with Bitcoin falling nearly 1% after U.S. CPI print showed inflation rose to 3.2% annually in July, compared to the expected 3.3% but still significantly higher than the Federal Reserves desired 2%," said, CoinDCX Research Team.

The market cap of Bitcoin, the worlds largest cryptocurrency, was around $578 billion. Bitcoins dominance is currently 48.93%, an increase of 0.12% over the day, according to CoinMarketCap.

"Bitcoin continues to trade sideways in a narrow range with low volumes indicating indecision. The asset is hovering around just below its 50 Day Moving Average. BTC after making the recent high of $31,804 witnessed profit booking and the prices corrected almost by 10% and made a low of $28,585," said ZebPay Trade desk.

The overall market, especially BTC, seems to be rather immune to many macro developments in its current state. The latest example is the rise of jobless claims and treasury rates, which usually triggers a risk-off sentiment amongst investors," Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said.

The market cap of Bitcoin, the worlds largest cryptocurrency, was around $563 billion. Bitcoins dominance is currently 48.56%, a decrease of 0.08% over the day, according to CoinMarketCap. BTC volume stood at approximately $15.5 billion, falling 21.08% in the last 24 hours.

Fitch Ratings has downgraded the United States sovereign credit grade by one level from AAA to AA+ on the basis of ballooning fiscal deficits and erosion of governance that have caused repeated debt limit emergencies over the past two decades.

The total volume in DeFi is currently $3.41 billion, 10.7% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.42 billion, which is 92.31% of the total crypto market 24-hour volume.

"The market seems to have digested the news about Curve Finance being the victim of an exploit. Curves CRV token price fell by over 15.87% over the last 24 hours. Ethereum successfully breached the threshold level of $1850 and is now trading at around $1871," Edul added.

The market cap of Bitcoin, the worlds largest cryptocurrency, was around $567 billion. Bitcoins dominance is currently 48.19%, a decrease of 0.02% over the day, according to CoinMarketCap.

Cryptocurrencies saw a mild uptick in prices after the US Federal Reserve raised its benchmark lending rate by 25 basis points to a range between 5.25% and 5.5%. Bitcoin gained 0.67% to $29,429, while Ethereum was above the $1,850 level. However, analysts warned that for cryptocurrencies