Cryptocurrencies
Cryptocurrency prices rose during Wednesday’s trading as investors awaited US inflation data for clues about the outlook for interest rates.
The July CPI report is being closely watched for its potential impact on expectations for the Federal Reserve’s September policy decision.
The move also came as investors monitored developments surrounding the conflict in the Middle East, particularly after US President Donald Trump said the United States had full control over the Strait of Hormuz.
Meanwhile, digital asset investment firm Bitwise Asset Management cut around 14% of its workforce, leaving the company with 155 employees, according to a statement cited by Bloomberg.
The layoffs come amid renewed volatility and pressure across the cryptocurrency sector.
|
Changes in Selected Cryptocurrency Prices |
|||
|
Cryptocurrency |
Price ($) |
Change ($) |
Change |
|
Bitcoin |
63,579.60 |
110.60 |
%0.17 |
|
Ethereum |
1,885.21 |
13.48 |
%0.72 |
|
XRP |
1.0172 |
0.0004 |
%0.05 |
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