The global cryptocurrency market capitalization fell by nearly two percent over the past 24 hours to $2.61 trillion. Bitcoin’s price fluctuated between $74,604 and $79,221 yesterday but currently stands at approximately $77,342, reflecting a 1.7 percent decline. Other major cryptocurrencies showed mixed trends, with AUCTION, QKC, and 1000CHEEMS rising by 17, 12, and 6 percent respectively. While the Bank of England is expected to maintain interest rates, declining inflation in the United States has increased forecasts for a potential Federal Reserve rate cut. This environment has led to a continued large-scale withdrawal from digital assets. Globally, China, India, and Brazil have reduced their purchases of US Treasury bonds and increased their gold reserves, indicating a shift toward safer investments. The UK’s manufacturing activities have strengthened in recent months, suggesting economic stability. In the crypto market, Solana recorded the highest seven-day returns and decentralized exchange volume, whereas Ethereum, Binance Coin, and Ripple experienced price declines. The dip in gold and silver prices is being viewed as a buying opportunity. Overall, while global markets remain uncertain, investors are moving toward safe-haven assets, which may influence future financial policies and the direction of the crypto market.
Source: binance
