Cryptos Today: Bitcoin Supports $23,000 After Two Weeks; altcoins retreat

After hitting the $24,500 mark over the weekend, Bitcoin (BTC) has lost some strength and this Monday (1) is back below the 24 thousand US$ mark. Ethereum (ETH), in turn, remains close to $1,700.

Bitcoin posted its second straight positive week, rising more than 13% from last Monday’s low, amid encouraging signs that the economy was slowing enough for the Federal Reserve to consider scaling back rate hikes soon. interest.

“Fomc, some tech gains and the GDP numbers didn’t really hurt market confidence last week,” Joe DiPasquale, CEO of crypto asset manager BitBull Capital, told CoinDesk. “BTC was showing positive signs in terms of price stability and with buyers below $20,000. All of these things culminated in something of a rally, seeing BTC trading near $25,000.

Cryptocurrency gains on Friday also tracked major stock indexes, with the Nasdaq and S&P 500 up 1.8% and 1.4%, respectively. Both indexes were up in July, with the latter gaining more than 9% for the month, its biggest increase since November 2020.

Among altcoins, the movement is mostly negative on Monday, but with a few exceptions, such as Polkadot (POINT), which has advanced more than 7% in the past 24 hours, while Shiba Inu (SHIB) shows gains of just over 1%.

Check out the performance of major cryptocurrencies as of 7:15 a.m.:

cryptocurrency Price Change in the last 24 hours
bitcoin (BTC) $24,309.97 -1.84%
Ethereum (ETH) $1,686.44 -0.88%
Binance Coin (BNB) $286.83 -2.17%
XRP (XRP) $0.3798 -2.35%
Cardoon (ADA) $0.5172 -2.04%

Cryptocurrencies with the biggest gains in the last 24 hours:

cryptocurrency Price Change in the last 24 hours
Filecoin (THREAD) $9.99 +21.24%
Chain (KDAName) $2.12 +15.22%
Kusama (KSM) $67.61 +7.71%
BitTorrent-New (BTT) $0.000001025 +7.31%
Basic attention token (BAT) $0.4306 +6.26%

Cryptocurrencies with the biggest drops in the last 24 hours:

cryptocurrency Price Change in the last 24 hours
Bitcoin Gold (BTG) $29.95 -10.23%
Classic Ethereum (ETC) $36.96 -7.09%
Read DAO (LDO) US$2.19 -5.94%
Uniswap (United) US$8.38 -4.96%
Qty (QTY) $4.12 -4.58%

See how cryptocurrency ETFs closed in the last trading session:

ETFs Price Variation
NCI Hashdex (HASH11) R$22.05 -1.56%
BTCN Hashdex (BITH11) R$29.80 +1.53%
Ethereum hashdex (ETHE11) R$26.00 -0.30%
DeFi Hashdex (CHALLENGE11) R$27.65 +2.18%
Hashdex FI Smart Contract Platform (WEB311) R$21.81 +0.97%
Bitcoin QR (QBTC11) R$7.70 +0.65%
QR Ether (POLAR11) R$6.47 -0.46%
QR-DeFi (QDFI11) R$5.23 -3.50%
Crypto20 EMPCI (CRPT11) R$6.29 +2.11%
NFTSCI Investment (NFTS11) R$34.00 +3.34%

Find the main news of the crypto market this Monday (1):

Tiffany Launches CryptoPunk Necklaces

Luxury jewelry brand Tiffany and Co. inserts diamond products into the CryptoPunks collection of non-fungible tokens (NFTs).

The company is selling 250 personalized necklaces with diamond-encrusted pendants for 30 Ethereum, the equivalent of around $50,000, to owners of the famous collection. According to Tiffany’s website, each necklace will feature a combination of 30 diamonds and gemstones.

The necklaces will go on sale from August 5 and will only be available to CryptoPunk holders in the form of NFTs redeemable for the physical necklaces. Tiffany will make more than $12 million in net revenue from the sale and will be able to profit even more from resale royalties.

Ledger is in talks to raise $100 million

Ledger wallet maker is seeking an additional $100 million after its massive $380 million Series C funding round last year, Bloomberg reported on Monday.

The new funding will give the company a higher valuation than the $1.5 billion in June 2021, according to the report, which cites people familiar with the negotiations.

Ledger’s plans suggest that despite poor cryptocurrency market conditions in recent months, there are areas of the industry where the immediate outlook looks positive, such as hardware wallets.

Aave’s Stablecoin Proposal Approved

A proposal from the Aave community to launch the native crypto-based stablecoin GHO passed this weekend with 99% upvotes, as seen on its governance page.

The proposal hopes to improve the functionality of its lending platform. Approximately 501,000 Aave tokens (PHANTOM) were used to vote in favor, with only 12 tokens in opposition.

Aave is a decentralized finance (DeFi) lending platform that allows users to earn token income. According to data from DeFiLlama, today it blocks more than $6.8 billion in various cryptocurrencies.

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