The crypto market witnessed a mini-rally with heavyweights - Bitcoin and Ethereum - registering their best performance in recent months, said Tarusha Mittal, COO, and Cofounder, UniFarm. Overall, the market is expected to maintain this pace of momentum, suggest market experts. On the other hand, Ethereum might head to $2,000 if it sustainably breaks $1,700 levels, he added. Miami will soon launch 5,000 Ethereum NFTs with Mastercard, Time, and Salesforce, he added.Īccording to Patel, $24,000 is the level of correction in Bitcoin, before it prepares for the $25,000 mark in the coming weeks. Some cities in the US, such as Miami, have continued to provide unending support to crypto expansion plans. "Amid all the buzz, Ethereum is just one step away from the merge," he said. The global crypto market was on a bullish trajectory last week thanks to a less hawkish fed, ease in inflation worries and recovery in the risk appetite of investors for riskier assets, leading to a steady recovery.Ĭiting CryptoCompare's report, Edul Patel, CEO and Co-founder of Mudrex said that Ethereum and its related products have led the market to rebound in July. "The US Securities and Exchange Commission is investigating the company for allowing Americans to trade in tokens that should have been registered as securities," said WazirX.
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The company had sold its partial holding last year.Ĭathie Woods Ark sold 1.4 million Coinbase shares worth $75 million.
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View Details »Interestingly, in July, Elon Musk-owned electric carmaker Tesla announced to slash its Bitcoin holding by 75 per cent.