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    Buterin says Terra recovery should target smaller holders

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    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

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    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

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    The Sandbox Launches Alpha Season 3 This August

    The Sandbox Launches Alpha Season 3 This August

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    Virtual Showrooms: The Future of Retail in the Metaverse

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Mirror Worlds: Merging The Metaverse With The Real World

    Mirror Worlds: Merging The Metaverse With The Real World

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Decentraland's Third Metaverse Art Week To Go Live This Month

    Decentraland’s Third Metaverse Art Week To Go Live This Month

    Metaverse 101 with Meta Starring Keke Palmer

    Metaverse 101 with Meta Starring Keke Palmer

    Experience Ghosts Metaverse in Decentraland

    Experience Ghosts Metaverse in Decentraland

    Samsung Launches 'Space Tycoon' As Metaverse Contributions Continue

    Samsung Launches ‘Space Tycoon’ As Metaverse Contributions Continue

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    bitcoin

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    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

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    Ethereum

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  • Learn About Crypto
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    MATIC (Polygon) Is Exploding! Here’s Why Leading DeFi Projects Are Integrating With Polygon

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    Common Crypto Mistakes To Avoid

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    What Is USDT Tether Token?

  • Regulation
    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

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  • Home
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    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    The Sandbox Launches Alpha Season 3 This August

    The Sandbox Launches Alpha Season 3 This August

    Virtual Showrooms: The Future of Retail in the Metaverse

    Virtual Showrooms: The Future of Retail in the Metaverse

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Mirror Worlds: Merging The Metaverse With The Real World

    Mirror Worlds: Merging The Metaverse With The Real World

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Decentraland's Third Metaverse Art Week To Go Live This Month

    Decentraland’s Third Metaverse Art Week To Go Live This Month

    Metaverse 101 with Meta Starring Keke Palmer

    Metaverse 101 with Meta Starring Keke Palmer

    Experience Ghosts Metaverse in Decentraland

    Experience Ghosts Metaverse in Decentraland

    Samsung Launches 'Space Tycoon' As Metaverse Contributions Continue

    Samsung Launches ‘Space Tycoon’ As Metaverse Contributions Continue

  • Analysis
    bitcoin

    Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected?

    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

    Bitcoin

    Bitcoin Price Showing Early Signs of Fresh Downtrend, But $22.5K Is The Key

    Ethereum

    Ethereum Uptrend Vulnerable Unless It Surges Past $1,900

    TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

    TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

    bitcoin

    Bitcoin Price Must Clear This Level If It Wants To See $28,000

    Bitcoin

    TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch

    Ethereum

    Ethereum Could Take Hit As The Bulls Show Weak Hands

    TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs

    TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs

  • Learn About Crypto
    MATIC (Polygon) Is Exploding! Here’s Why Leading DeFi Projects Are Integrating With Polygon

    MATIC (Polygon) Is Exploding! Here’s Why Leading DeFi Projects Are Integrating With Polygon

    Common Crypto Mistakes To Avoid

    Common Crypto Mistakes To Avoid

    eCash (XEC) Price Prediction

    Circuits of Value (COVAL) Price Prediction

    eCash (XEC) Price Prediction

    Kishu Inu (KISHU) Price Prediction

    eCash (XEC) Price Prediction

    Bitcoin Standard Hashrate Token (BTCST) Price Prediction

    eCash (XEC) Price Prediction

    Optimism (OP) Price Prediction

    eCash (XEC) Price Prediction

    ICON (ICX) Price Prediction

    eCash (XEC) Price Prediction

    eCash (XEC) Price Prediction

    What Is USDT Tether Token?

    What Is USDT Tether Token?

  • Regulation
    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

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Home Bitcoin News

Bitcoin, Ethereum Gas Fees Hit Lows Ahead Of FOMC; Here’s Why

July 25, 2022
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The Global crypto market cap fell by 3.6% over the last day after regaining the vital $1 trillion mark. Anticipation building over the upcoming Federal Open Market Committee (FOMC) meeting has led to an increase in the selling pressure in the market. Bitcoin price looked weak as the crucial meeting closes in.

Bitcoin price down by 3% in last 24 hrs

As per Tokenview, Bitcoin fees went down to hit 10.68BTC on July 24, 2022. It is down by more than 59% from its one week high. It added that the fees are on a decline for straight 5 consecutive days. This certain drop depicts the decrease in investors’ choice to invest in the token.

According to blockchain.com, Bitcoin’s confirmed transactions stood at around 199.9k on July 24. However, July 19 registered around 279.95k confirmed transactions.

Bloomberg reported that the crypto market can experience multiple swings ahead of the expected federal rate hike. The last 2 rate increases ended up reducing the market sentiments.

Bitcoin’s (BTC) price has dropped by over 3% in the last 24 hours. It is trading at an average price of $21,926, at the press time. However, BTC’s 24 hour trading volume has jumped by 7% to stand at $28.1 billion.

ETH gas fees continue to decline

The Tokenview also reported that Ethereum’s average Gas fee a record low of 9.12Gwie on the same day. It added that ETH’s Gas fee is also on a decline for the straight 4 days. Santiment mentioned that the traders are not going with the hype. They are expecting ETH prices to fall more in the anticipation of FOMC meeting. It is expected that Ethereum prices to stay volatile.

Glassnode reported a huge amount of on-chain exchange outflow over the past week. Around $3.3 billion flows into Ethereum. While more than $6.5 billion went out from the ETH. This makes a deficit of $3.1 billion from ETH only.

Ethereum is trading at an average price of $1,521, at the press time. ETH is trading down by 6% in the last 24 hours. Meanwhile, its 24 hour trading volume is up by 19% to stand at $18.9 billion.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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