Cryptocurrency Live News & Updates : BNB Falls Below 760 USDT Amid Market Decline
As of July 23, 2025, BNB has dipped below 760 USDT, currently trading at 757.81 USDT, reflecting a 2.38% decrease over the past 24 hours. In recent cryptocurrency news, BNB has experienced a decline, trading at 757.81 USDT, marking a 2.38% drop. Meanwhile, the White House is set to release a pivotal crypto policy report on July 30, which could reshape the regulatory landscape for digital assets in the U.S. This report may propose a Bitcoin reserve and enhanced access to the Federal Reserve's payment systems for crypto firms, aiming to clarify the industry's ambiguous regulatory environment. Additionally, Quid Miner has launched a mobile cloud mining app, simplifying the process of earning passive income from cryptocurrencies like Bitcoin and Dogecoin. On the institutional front, MultiBank.io has partnered with Fireblocks to tokenize $10 billion in real estate, making high-value properties accessible to a broader audience. Lastly, World Liberty Financial has teamed up with Vaulta to integrate its USD1 stablecoin into Web3 banking, aiming to provide compliant on-chain dollar transactions. These developments highlight the dynamic shifts occurring in the cryptocurrency landscape, from regulatory advancements to innovative financial solutions. Show more
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Economic Times
27 minutes ago
- Economic Times
Bitcoin tumbles from $124K peak — now $118K. What's rattling the crypto market? Key numbers to watch
Agencies Bitcoin hit an all-time high of $124K but has now slipped back to $118K, leaving traders wondering if the rally has paused or if more upside is coming. Bitcoin surged to an all-time high of $124,234 during early trading on August 14, 2025, sending shockwaves through global crypto markets. But the rally was short-lived. At the latest check, Bitcoin had retreated to $118,921, leaving traders questioning whether this is a brief correction or a warning signal for the broader market. The climb marks a 33% gain year-to-date and a staggering 120% rise over the past 12 months, demonstrating continued investor appetite despite heightened volatility. Several factors drove Bitcoin to its record highs: Market optimism over Fed rate cuts: Investors were betting that the Federal Reserve could ease interest rates in September. The U.S. Producer Price Index (PPI) for July, however, showed wholesale inflation jumped 0.9% month-over-month (versus the expected 0.2%) and 3.3% year-over-year (forecast 2.6%), signaling persistent inflation pressures. Core PPI, excluding food and energy, also rose 0.9% MoM and 3.7% YoY . Investors were betting that the Federal Reserve could ease interest rates in September. The U.S. Producer Price Index (PPI) for July, however, showed wholesale inflation jumped (versus the expected 0.2%) and (forecast 2.6%), signaling persistent inflation pressures. Core PPI, excluding food and energy, also rose . Institutional adoption continues: Companies and funds, including Strategy (formerly MicroStrategy) and nations like El Salvador, have been steadily increasing their Bitcoin holdings. ETF approvals and corporate treasury investments are driving demand. Companies and funds, including Strategy (formerly MicroStrategy) and nations like El Salvador, have been steadily increasing their Bitcoin holdings. ETF approvals and corporate treasury investments are driving demand. Speculation around the upcoming halving: Historically, Bitcoin halving events create upward pressure on prices. The next halving is expected in late 2024–2025, prompting speculative positioning. The pullback to $118K reflects profit-taking, short-term volatility, and mixed macroeconomic signals, rather than a collapse in fundamentals. ALSO READ: PPI inflation shock rocks Wall Street and Trump — big Fed rate cut dreams go up in smoke Bitcoin's decline rippled across altcoins. Ether (ETH) flirted with record highs at $4,783 before slipping slightly, marking an 87% gain over the past three months. Solana (SOL) dropped 2.9%, XRP fell 5.1%, and Dogecoin (DOGE) tumbled 7.7%.XRP is holding precariously above the $3.20 threshold after a whipsaw session that saw prices sink to $3.14 before clawing back some ground. Investor attention is also on crypto stocks. Cryptocurrency exchange Bullish soared 84% in its IPO but is now up 8.5% in premarket trading. Meanwhile, 180 Life Sciences—planning to rebrand as ETHZilla—fell 28% premarket, despite heavy Ether purchases. Current Bitcoin price: $118,921 $118,921 Intraday high: $124,234 $124,234 Intraday low: $117,982 These levels act as critical support and resistance points. A dip below $118K could spark further short-term corrections, while reclaiming $124K might indicate the rally is far from over. For seasoned traders, this pullback is an opportunity to evaluate positions, adjust stop losses, or plan strategic entries. Retail investors should exercise caution and avoid chasing peaks. Liquidity, volatility, and macroeconomic cues will likely dictate near-term price swings. The key takeaway: Bitcoin remains highly volatile, but the long-term bullish story is intact, supported by institutional interest, halving expectations, and growing confidence in cryptocurrencies as alternative stores of value. Q: Why did Bitcoin hit $124K and then fall back? A: Bitcoin surged to $124,234 driven by optimism over potential Fed rate cuts, growing institutional adoption, and speculative positioning ahead of the next halving. However, the U.S. July Producer Price Index (PPI) showed wholesale inflation jumped 0.9% month-over-month and 3.3% year-over-year, higher than expected, prompting profit-taking and a pullback to $118,921. Q: How are other cryptocurrencies reacting? A: Altcoins largely mirrored Bitcoin's moves. Ether (ETH) reached $4,783 before slipping slightly, Solana (SOL) dropped 2.9%, XRP fell 5.1%, and Dogecoin (DOGE) tumbled 7.7%, showing strong market correlation. Q: What are the key numbers investors should watch? A: Critical levels include the current BTC price $118,921, intraday high $124,234, and intraday low $117,982. A move below $118K could indicate further short-term correction, while reclaiming $124K may signal continuation of the rally.
Economic Times
28 minutes ago
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Blow to Trump's hopes as he won't like this: Fed's Daly says rate cut unlikely next
Fed interest rate cut September 2025: San Francisco Fed President Mary Daly does not support a large interest rate cut at the next Federal Reserve meeting. She believes the labor market is not weak enough to warrant such a move. This differs from some expectations. US President Donald Trump has been pushing for lower rates. Tired of too many ads? Remove Ads Mary Daly Rules Out Big 50-Basis-Point Cut at September Fed Meeting Fed Official Supports Gradual Policy Shift, Not Rapid Cuts Tired of too many ads? Remove Ads Trump Administration Pushes for Fed Rate Cuts FAQs US president Donald Trump may not be thrilled with the latest signals from the Federal Reserve. San Francisco Fed President Mary Daly has pushed back on the idea of a steep 50-basis-point interest rate cut at the central bank's next meeting, according to a report from The Wall Street said in an interview with WSJ, published on Wednesday, that "Fifty sounds, to me, like we see an urgent — I'm worried it would send off an urgency signal that I don't feel about the strength of the labor market," as quoted in the report. She emphasised that, "I just don't see that. I don't see the need to catch up," as quoted in the WSJ remark strikes a different tone from what some market watchers and policymakers had begun to expect. Since the Fed's decision last month to hold rates steady, more Fed officials have expressed concern over the softening labor market and hinted they may be open to cutting rates, perhaps as early as September, according to a Reuters READ: Fed rate cuts are coming — here's how much the stock market could boom based on history This comes as the US president has been outspoken all year in his push for lower interest rates, as per the report. However, Daly's caution may complicate those expectations. While she has acknowledged that inflation pressures haven't been as persistent and that the job market is cooling, she favors a more gradual approach, according to the Reuters said that "Policy is likely to be too restrictive for where the economy is headed. So for me, that calls for recalibration," as quoted in the report. But she clarified that any shift should move slowly toward a more neutral setting 'over the next year or so,' as quoted by the Reuters READ: Google bets big on Bitcoin: Joins $3.7 billion deal that sends TeraWulf stock soaring 45% The Fed's direction remains a very important issue in Washington, especially as US Treasury Secretary Scott Bessent reportedly continues to press for rate cuts, according to the report. Meanwhile, the administration is also exploring potential replacements for Fed Chair Jerome Powell, with a growing shortlist now up to 11 names, as reported by necessarily. Fed officials are divided, and Mary Daly has said she doesn't see an urgent need for a big rate cut right administration is reportedly considering a replacement, with a list of about 11 potential candidates.
Time of India
40 minutes ago
- Time of India
Will crypto be used in GTA 6? Viral post about Bitcoin reignites speculation; fans spilt between excitement and concern
As anticipation for the next instalment of the wildly popular Grand Theft Auto series grows, fans are buzzing not only about the game's graphics and storyline but also about a potential new feature: cryptocurrency integration. A recent Reddit post sparked a lively discussion when a user asked, 'What are everyone's thoughts on crypto potentially being used in GTA 6? Good or bad?' According to Binance, the most recent wave of speculation was sparked by a viral tweet from a Crypto Twitter influencer known only as 'Gordon'. With close to 500,000 followers, Gordon asserted that 'GTA 6 will support cryptocurrency payments,' specifically naming Bitcoin, Ethereum, and USDT (Tether) as confirmed features. Crypto integration: A new frontier for GTA 6? The concept of adding cryptocurrency to GTA VI aligns well with the game's immersive criminal world, potentially introducing new gameplay elements like decentralised transactions and blockchain-based collectables. Fans see this as a reflection of crypto's growing role in everyday life and an innovative step forward in gaming. Fans react to crypto integration in GTA 6 As soon as the post surfaced on social media, it quickly went viral on the internet, and fans reacted to the post, 'In the story with a fictional crypto? Yes, they will do a parody of crypto bros and NFTs. What people don't understand about making a crypto game is that would drain money OUT of the ecostem. Big gaming studios won't let that happen, look at valve with cs/dota items, they intentially make you keep the money in their system, if you could play the game, spend some money, make some more by playing/trading and then exchange the currency for dollars or worse a different game's currency than that would be a loss for rockstar.' 'There wont be cryptos in GTA 6,' one commented. 'There will be crypto references in gta 6 no question but unlikely will be a means of purchasing definitely not real crypto but investing in mock crypto will very likely make its way into the game.' 'I hope there isn't much. There's enough of it irl to try and avoid.' To stay updated on the stories that are going viral, follow Indiatimes Trending.
