Crypto news daily: Bitcoin data and price analysis for July 25, 2022
- Bitcoin is currently trading at $21,990.68, down by 2.81%
- The Bitcoin fear and greed index on July 25, went to the fear level of 30
- Zipmex said it was considering possible offer talks with interested parties
Bitcoin prices fell nearly 3% and traded below the $22,000 level on Monday, amid worries over inflations and economic slowdown resurfaced, dimming the appetite for riskier assets. The crypto Fear & Greed index has improved for the past few days but the fear is not yet over. Investors are focused on the US Federal Reserve’s monetary policy meeting this week.
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The world’s largest cryptocurrency has struggled to come out of a $19,000 to $22,000 range as investors lick their wounds from a rout sparked by tightening monetary policy and exacerbated by the toppling of crypto lenders and the TerraUSD stablecoin. The digital token is down over 56% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021.
The global cryptocurrency market cap was at $1.011 trillion, down 2.89% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $67.38 billion.
The Bitcoin fear and greed index on Monday, July 25, 2022, went from the fear level of 31 to the level of 30 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market.
Bitcoin is currently trading at $21,990.68, down by 2.81%. In the last 24 hours, the highest it touched was $22,974.00 and the lowest was $21,804.35. Bitcoin has a current market cap of $420,110,241,633. It has a circulating supply of 19,102,731.00. BTC coins have a maximum supply of 21,000,000 coins.
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Troubled crypto exchange Zipmex says it’s mulling possible offer
Cryptocurrency exchange Zipmex said it was considering possible offer talks with interested parties and due diligence should commence. Zipmex primarily operates in markets like Thailand and Singapore.
The Asian platform was among several in the digital-assets market witnessing financial difficulties in recent weeks. On July 21, it suspended withdrawals as the fallout from a series of defaults spread further throughout the industry.
Zipmex said it would resume allowing withdrawals but only from Trade wallet and not from any other wallet “until further notice”.