Bitcoin and Ethereum , the two largest coins by market capitalization, traded in the red on Sunday evening as the global cryptocurrency market cap declined 3.1% to $927.2 billion at press time.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC )
-3.6%
7.9%
$20,803.80
Ethereum (CRYPTO: ETH )
-4.04%
8.8%
$1,166.98
Dogecoin (CRYPTO: DOGE )
-3.3%
-1.9%
$0.07
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
TerraClassicUSD (USTC)
+5.95%
$0.05
Chiliz (CHZ)
+3.6%
$0.11
IOTA (MIOTA)
+2.4%
$0.30
See Also: How To Get Free Crypto
Why It Matters: Major coins reversed the upward momentum on Sunday ahead of the fresh trading week.
Stock futures were seen in negative territory at press time with the S&P and Nasdaq futures down 0.2% and 0.35%, respectively.
The upcoming trading week will see the release of June Consumer Price Index (CPI) data on Wednesday and a number of key earnings releases from major companies.
Data released last week showed that the U.S. added 372,000 jobs in June , which means the economy is not slowing down at a rapid clip and the Federal Reserve has the room for another 0.75% rate increase this month.
“The focus shifts quickly to next week’s CPI report and even mildly hot inflation numbers will allow the Fed to tighten again by 75 basis-points. If inflation delivers ...
Full story available on Benzinga.com