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Bitcoin’s (BTC) price , is still below the $30,000 threshold at $25,785.68 and is up by around 0.08% only in the last day. Other well-known altcoins, Cardano (ADA), and Solana (SOL) experienced losses on the other side of the border. advertisement Ethereum is trading at $1,637.33,  with a 0.32% increase in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a loss of 0.35%. Solana faced the bears, with its price decreasing by 1.93%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again down by 0.19%  since the last day.   Polkadot coin price saw an increase of almost 0.49% in one day.  The realm of meme cryptocurrencies shows mixed sentiment. In the past 24 hours, Dogecoin’s price decreased by around 0.67%, while Shiba Inu’s token price is up by almost 0.29%, in the last 24 hours. The Crypto Market today is showing some price recovery with few exce...

Also Read: ADA Price Prediction As Declines Sweep $0.24, Final Deep Before Bull Run? advertisement Anti-Money Laundering Concerns According to the report, the crypto exchange received two letters from the credit card processing company on August 9 and 11. The company’s chief executive officer Guillaume Pousaz quoted issues surrounding Binance ’s anti-money laundering, sanctions and compliance control as the reason for discontinuing the service. The letters, which mentioned that the contract would end by August 17, 2023, detailed concerns of regulatory issues in several jurisdictions. In response, Binance is reportedly heading towards taking legal action against the company over the reasoning behind the contract termination. Recently, the exchange’s CEO CZ said that the platform would like to traverse carefully within the legal framework in various jurisdictions. In the context of the grand plan to expand the scope of the Crypto Market ...

Also Read: Terra Classic Biggest v2.1.1 Parity Upgrade Goes Live, LUNC Price Rally 8% advertisement Bitcoin Price Reaction To Fed Decision The Bitcoin price maintained sideways momentum in its initial reaction to the rate hike pause. However, the hints of possible rate hikes later in the year may result in a pump and dump scenario for Bitcoin . Earlier, CoinGape reported that traders will be keenly looking at the Fed’s message around possibility of rate hikes in the next meeting in FOMC. It was said that the market price movements could be decided by how the US central bank forecasts about its upcoming decisions. However, a majority of the US Fed officials see possibility of rate cuts in 2024. Meanwhile, the S&P 500 Index took a sharp fall of 0.45% following the FOMC decision, whereas the Nasdaq Composite Index fell 0.52%. Also Read: Binance Looks To Deregister As Crypto Service Provider In Cyprus Recommended Articles ...

The market participants had expected the CPI data to show signs of easing Inflation , with prices expected to have risen 0.1%, compared to the 0.4% rise in April 2023. On the other hand, the market participants are anticipating a rate hike pause decision from the June 14, 2023 Federal Open Market Committee (FOMC) meeting. advertisement Also Read: XRP Lawsuit: Vitalik Involved In Process Of Hinman’s Infamous ETH Speech; Reveals Docs The CPI Index, also called Inflation numbers, measures the average change over time in the costs paid by urban consumers for goods and services. In the lead up to the CPI data release, the Bitcoin price saw a jump over the last 24 hours, leading it to the $26,000 range. The BTC price registered a 3% jump compared to the daily low of $25,700 level. Also Read: Ethereum Price Prediction: Are $ETH And $BTC Securities? Here’s Trading Plan For ETH Price This Week Recommended Articles ...