📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $24,043
Bitcoin price has bounced straight back to the $24,000 level following the announcement of official inflation numbers today.
Top-20 altcoins have also rebounded to where they were Monday, as Ethereum gains 9%, BNB rises 6% and Uniswap rallies 14%.
Top Stories for August 10, 2022 🔥
The official Consumer Price Index (CPI) figure has come in at 8.5% in July year-over-year – indicating a slowing of inflation since June.
Chris Kuiper, director of research at Fidelity Digital Assets, stated ahead of the announcement that such a change in the CPI would be viewed as positive for crypto markets, as central banks would have a reason to alleviate rate increases.
Kuiper’s prediction appears to be right thus far, as the crypto market rallies on July’s inflation figure.
Blockchain analytics company Elliptic has announced a new product that can track crypto transaction flows across blockchains, within milliseconds.
Elliptic believes the product, “Holistic Screening”, will be a game-changer for regulatory compliance and tracking stolen funds, which are often routed across blockchains to obscure their trail.
Iran has made its first international import order using cryptocurrency, according to Alireza Peyman-Pak, the Iranian Deputy Minister of Industry, Mine & Trade.
The $10 million deal is the first of many according to Peyman-Pak, who claims that crypto and smart contracts will be widely used in foreign trade by the country by the end of September.