Bitcoin and other major coins saw a spike in prices Thursday evening as the global cryptocurrency market cap increased 3.7% to $958.2 billion at press time.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC )
5.3%
9.3%
$21,592.42
Ethereum (CRYPTO: ETH )
4.3%
16.6%
$1,233.84
Dogecoin (CRYPTO: DOGE )
2.8%
6.65%
$0.07
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
IoTeX (IOTX)
+13%
$0.03
Aave (AAVE)
+12.75%
$71.1
Storj (STORJ)
+11.5%
$0.80
See Also: How To Get Free NFTs
Why It Matters: Cryptocurrencies were buoyant at press time, as other risk assets like U.S. stocks closed in the green.
The S&P 500 and Nasdaq ended the day higher by 1.5% and 2.3% each. At press time, S&P 500 and Nasdaq futures were down 0.2% and 0.3%, respectively.
Investors will keep an eye on consumer price index data due next week, which would be a cue on whether the U.S. Federal Reserve will continue to raise interest rates aggressively when its policymakers next meet on July 26-27. U.S. jobs data, meanwhile, will come out on Friday.
The liquidity contagion affecting cryptocurrency firms has been a driver of markets recently. Miners could be “next on the chopping block,” according to GlobalBlock analyst Marcus Sotiriou.
Sotiriou pointed to instances where ...
Full story available on Benzinga.com