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.

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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.     

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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.

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Zipmex said it would
resume allowing withdrawals but only from Trade wallet and not from any other
wallet “until further notice”.