Crypto Markets Recover $40B as FLOW Explodes 60% Daily #TOGRP7
Bitcoin is yet to decisively overcome the $23,000 level but still stands just over it as of now. Most altcoins are slightly in the green today, with FLOW outperforming all following a massive META-initiated surge. Following the latest interest rate spike by the Federal Reserve and US President Joe Biden’s refusal to admit that the country has entered into a recession.
However, the asset failed at that point and returned to $23,000, where it spent most of the weekend. The start of the new week began with a minor drop and a bounce off towards $24,000, but BTC couldn’t reclaim that line. As such, it fell back down to $23,000 and sits there now as well. As such, its market cap is once again below $450 billion. CryptoQuant analyst predicted that BTC’s price could slump below $20,000 again but noted that it might be a good time to start buying again. Riot Blockchain said it mined 28% less BTC in July compared to June. #TOGRP7