Table Of Contents
Bitcoin Sees A Fall In Price, And Other Top Cryptos See A Mixed Result, As US Stock Futures Edge Down
Bitcoin?s price slipped over the weekend, and hence it saw a rise in trade at more than US $30,300. This led to a reversion of the price to the level it was on Thursday. This happened prior to Ripple?s (XRP) ruling in its lawsuit with the US SEC. This factor led to some important gains for the top ten cryptocurrencies that are not fully stable. With these effects, XRP was the leader in the gains.
On the other hand, the futures of US stocks went towards the lower edge, as investors are looking for their earning reports from the top banks in the US.
According to Forkast,
?Bitcoin edged up 0.05% over the last 24 hours to US$30,332.54 as of 06:30 a.m. in Hong Kong for a weekly gain of 0.65%, according to data from CryptoMarketCap.?
Furthermore, Ripple also saw a partial victory in its case, as the court ruled that the sales of Ripple coins (XRP) to institutional investors did not violate the securities laws. On Monday, there has been a surge in the prices of XRP. However, other top-10 non-stable cryptos saw mixed results during the weekend.
In addition to these, US stock futures saw a negative flow of 0.1% in Hong Kong, as the top three US indexes saw mixed results during the weekend.
According to Yahoo Finance,
?The three indexes all rose by around 2% to 3% last week. Following the latest release of U.S. inflation data on July 12, which came in softer than expected, investors are hopeful that the U.S. Federal Reserve?s extended round of interest rate hikes may soon draw to a close.?
Apart from that, major stock indexes in Asia also fell, for example, in China and Korea.
Continue Reading:
