FLOW is the most significant gainer in a single day following Meta’s integration of the Flow blockchain.
Bitcoin has yet to definitively surpass the $23,000 threshold, but it is currently slightly above it. Today, most altcoins are somewhat in the green, with FLOW surpassing all others after a strong META-initiated rally.
Bitcoin is boring at $23,000.
Following the Federal Reserve’s latest interest rate hike and US President Joe Biden’s refusal to accept that the country has entered a recession, the major cryptocurrency reached its highest price level since June 13 at over $24,500 last week.
The asset, however, failed at that moment and reverted to $23,000, where it spent the majority of the weekend. The new week began with a modest decline and a rebound off towards $24,000, but BTC was unable to recapture that level.
As a result, it dropped back to $23,000 and is still there. As a result, its market capitalization is now again below $450 billion.
Analysts at CryptoQuant anticipated that BTC’s price will go below $20,000 again, but that it would be a good moment to start buying again.
Riot Blockchain reported that it mined 28% less BTC in July than in June due to huge heat waves in Texas.
MicroStrategy’s stock has risen by 15% in the two days since Saylor stepped down as CEO and took a bitcoin-related position.
FLOW steals the spotlight.
After dueling with the $1,600 level for several days, it appears Ethereum has finally reclaimed it. The asset has gained more than 2% in a single day and is now trading above $1,650.
Binance Coin continues to hit local highs. Another 5% surge in the last 24 hours has brought BNB to about $320, the highest in two months.
From the larger-cap alts, Ripple, Cardano, Solana, Polkadot, Dogecoin, Shiba Inu, Polygon, and Avalanche are also in the green.
FLOW, on the other hand, increased by roughly 60% in a single day after META (previously Facebook) declared its intention to incorporate the Flow blockchain.
The crypto market cap has increased by about $40 billion in a single day and now stands close to $1.1 trillion.