While Bitcoin and other high -end cryptocurrencies continue to break even, all eyes are on analysts ’eyes on the new U.S. inflation numbers to be released on Wednesday (July 13). Last week, BTC climbed above $ 22,000 but hasn’t continued over time. At the time of writing, BTC is still below the $ 20,000 level, trading at around $ 19,940.
“The crypto market is trading with traditional financial markets due to rising inflation and growing geopolitical uncertainty,” said Shivam Thakral, CEO, BuyUcoin.
While crypto investors and traders continue to hope for a further rise in the market, here’s a look at the top 5 crypto users to see today:
1. All eyes on the multiplication numbers
The release of Consumer Price Inflation (CPI) in the US for June 2022 is expected to be released tomorrow. The numbers could indicate whether or not it prolonged the hawkish stance imposed by the US Federal Reserve.
US CPI data experts said July 13th could be a new trendsetter for crypto markets.
“US inflation data this week is expected to keep investors on their toes and buyers continue to be in the market. The news is about a break from inflation. it may be good for all financial markets around the world including the crypto market, ”said Charles Tan, CMO, Atato, a licensed MPC security portfolio.
“Growth rates in the U.S. and among the major industries have been the highest in recent years and central banks around the world are trying to slow growth. We expect markets to continue to slow down.” the coming weeks depending on macroeconomic factors, ”he added.
2. The price of Polygon (Matic) increases.
While the prices of most high -end cryptocurrencies have seen a new round of decline in the last 24 hours, Polygon (Matic) has gained a lot. At the time of writing, Matic is up about 6% in the past 24 hours. The price of the crypto token has increased by 12.16% in the past 7 days, according to CoinMarketCap data.
3. Three interest creditors hear of the loss of the founders
Creditors of crypto hedge fund Three Arrows Capital have held a hearing at the U.S. Bankruptcy Court for the Southern District of New York. According to reports, lawyers representing the debtors said the founders of the bank were not united. Thankfully, the lawyers told those who identified themselves as founders that “Su Zhu” and “Kyle” were on the original Zoom phone, but their voices and voices were silenced. videos and they did not answer the questions asked directly to them. The lawyers also saw the Three Arrows’ Singapore office vacated.
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4. Not prohibited in Binance in the Philippines
Citing the lack of regulatory status on cryptocurrency from the national central bank, the Department of Commerce and Industry in the Philippines has abandoned a Binance ban.
5. Voyager offers an explanation of the concerns about the USD currency
Battered Crypto exchange Voyager has released a statement on concerns about the USD currency. The exchange, which was left for bankruptcy, said it was unclear how much crypto would be paid back to consumers. “The exact numbers will depend on who is doing the recycling process and returning the 3AC assets,” the change said.
The change was prompted by the collapse of crypto hedge fund Three Arrows Capital (3AC). Voyager raised a total debt of $ 650 million. In a statement, the change said: “Voyager currently has about $ 1.3 billion of crypto assets on its site, with claims against Three Arrows Capital (“ 3AC ”) of more than $ 650 million. .
(Cryptos and other digital assets are not regulated in India. They are considered a serious problem for investors.