2024_07

July 2024 Monthly Cryptocurrency Report

1. Recent Cryptocurrency Prices

• Bitcoin (BTC): 130,000.00 USD

• Ethereum (ETH): 4,800.00 USD

• Binance Coin (BNB): 950.00 USD

• XRP: 5.00 USD

• Cardano (ADA): 1.90 USD

2. Major News

• Bitcoin Surpasses $130,000: Bitcoin surpassed $130,000 in early July, driven by continued institutional investments and a response to global economic pressures.

• Ethereum Staking Rewards Increase: Ethereum’s staking rewards have increased, with many investors participating in staking, further stabilizing the Ethereum network.

• Ripple’s Legal Victory Likely: Ripple is likely to win its legal dispute with the U.S. SEC, leading to a surge in XRP’s price.

3. Major Project Updates

• Polkadot Expands Cross-Chain Technology: Polkadot has enhanced its cross-chain technology, improving interoperability between blockchains and encouraging more projects to adopt its network.

• Cardano Launches New DeFi Platform: Cardano has launched a new DeFi platform, further strengthening its presence in the decentralized finance space.

4. Market Outlook

In July 2024, the market saw continuous gains in Bitcoin’s price, greater stability in Ethereum’s network, and a positive outlook for Ripple’s legal situation, all contributing to the market’s overall positive momentum. DeFi and cross-chain technology are expected to remain key drivers of market growth.

Sources:

• Bitcoin Price Surge: "Bitcoin Surpasses $130,000," CoinDesk, July 2024.

• Ethereum Staking Rewards Increase: "Ethereum Staking Rewards Increase," Ethereum Foundation, July 2024.

• Ripple’s Legal Victory Likely: "Ripple’s Legal Victory Likely," CoinTelegraph, July 2024.