Cryptos show mixed performance as Bitcoin holds steady at $64,500
Cryptocurrencies traded mixed after softer-than-expected US inflation data eased expectations of further monetary tightening
Cryptocurrencies traded mixed on Wednesday after US inflation data came in below expectations, leading to a sharp decline in expectations for further tightening of US monetary policy.
According to the CME FedWatch Tool, the probability of the Federal Reserve raising interest rates at its meeting scheduled for later this month stands at no more than 14.4%.
Bitcoin, the world's largest cryptocurrency by market capitalization, was trading at around $64,500K, although it remains down approximately 3% since the beginning of July.
|
Price changes of selected cryptocurrencies |
|||
|
Cryptocurrency |
Price (USD) |
Change (USD) |
Change (%) |
|
BTC |
64,531.25 |
+15.50 |
+0.02% |
|
ETH |
1,867.57 |
(9.64) |
(0.51%) |
|
XRP |
1.1031 |
(0.0066) |
(0.60%) |
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