On Saturday, July 30, the global cryptocurrency market marginally decreased as a result of the US economy contracting for two consecutive quarters, which is a traditional indicator that the country is on the verge of entering a recession. Even though on Friday the fear and greed index had its best day since April, investors are anticipated to be cautious, which will have an influence on the market. Early on Saturday, minor losses suffered by Bitcoin, Ethereum, Dogecoin, Shiba Inu Solana, and other significant cryptocurrencies caused the world markets to fall. The market capitalization of cryptocurrencies was at $1.10 trillion at the time this article was written, down 1.09 percent from the previous day.
After a two-day rise, Bitcoin maintained its downward trend for the second straight day on Saturday, but it mostly held steady. According to statistics from CoinMarketCap, the price of one bitcoin was $23,798.19 at the time this story was written, down 0.84 percent from the previous day. The weekly growth rate for Bitcoin was 4%.
The $1,700 level was maintained by Ethereum despite a minor decline on Saturday. At the time this article was being written, the price of ether was $1,714.98, a decrease of 1.12% over the previous 24 hours.
The XRP ledger, an open-source distributed ledger, is used by the cryptocurrency XRP. It is the native cryptocurrency of Ripple, a multinational transaction-facilitating corporate blockchain startup. The developers assert that XRP was designed for payments and can settle transactions more quickly and securely than most other cryptocurrencies. The price is currently $0.6488.
Engineers, mathematicians, and cryptography professionals created the research-based cryptocurrency known as Cardano. The price right now is $0.8438. It is open-sourced and decentralised, and proof-of-stake is used to reach consensus. Peer-to-peer ADA token transactions can also be facilitated.
Here are the top 10 cryptocurrencies and their prices on July 30, 2022, Saturday
Bitcoin $23,798.19 or 0.84 per cent loss in the last 24 hours
Ethereum $1,714.98 or 1.12 per cent loss in the last 24 hours
Tether $1.00 or 0.01 per cent gain in the last 24 hours
USD Coin $0.9998 or 0.01 per cent gain in the last 24 hours
BNB $290.71 or 3.26 per cent gain in the last 24 hours
Binance USD $1.00 or 0.16 per cent gain in the last 24 hours
XRP $0.3682 or 2.57 per cent loss in the last 24 hours
Cardano $0.5189 or 3.50 per cent loss in the last 24 hours
Solana $42.11 or 4.74 per cent loss in the last 24 hours
Dogecoin $0.06915 or 3.90 per cent loss in the last 24 hours