Major coins remained under pressure in the aftermath of the release of minutes from the U.S. Federal Reserve’s July policy meeting as the global cryptocurrency market cap fell 1.3% to $1.1 trillion.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-0.8%
-3.2%
$23,175.28
Ethereum (CRYPTO: ETH)
0.3%
-2%
$1,841.04
Dogecoin (CRYPTO: DOGE)
-6.4%
6%
$0.075
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Gnosis (GNO)
+13.5%
$197.82
Celsius (CEL)
+1.9%
$197.82
Ethereum (ETH)
+0.3%
$1,841.04
See Also: How To Get Free Crypto
Why It Matters: The apex coin was in the red at press time, while other risk assets such as stocks traded flat.
“Bitcoin is officially on vacation. Despite decent moves with the dollar and Treasury yields, Bitcoin remains anchored between $20,000 and $25,000,” said Edward Moya, senior market analyst for OANDA in a note seen by Benzinga.
“it seems a major move might have to wait until we have a firm handle with market expectations for the September FOMC meeting. If stocks continue to trade rangebound, it seems Bitcoin could do the same for the lead up to the Jackson Hole Symposium,” said Moya.
The Jackson Hole event is hosted …
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