The cryptocurrency market has been relatively stagnant in the last two weeks, with coins and tokens trading within a certain range. However, Bitcoin (BTC) has managed to stay above the $30k mark, while more investors are choosing to hold their cryptocurrency assets.
Inflation figures in the United States and elsewhere have been increasing, leading to the Federal Reserve raising interest rates recently. Nevertheless, the US apex bank did not adjust rates in the last month, and investors are now optimistic that it could reduce the interest rate this month.
The SU Consumer Price Index for June was 0.2%, lower than the expected rate. With inflation declining, the Federal Reserve could reduce interest rates soon, and the cryptocurrency market could be positively affected by this. At the time of writing, BTC is trading at $30,566, with a 0.9% increase in the past 24 hours.
Data from Glassnode has shown that the number of wallets holding at least one BTC has reached an all-time high of 1,008,737. As more people are purchasing and holding Bitcoin, investments in other cryptocurrencies could increase in the near future.
One such project is AltSignals. AltSignals is a trading platform offering signals for stocks, forex, indices, cryptocurrencies, and CFDs. The project is currently in its presale stage, raising more than $1 million in its second presale round. The ASI token, the native token of the AltSignals platform, is being sold at 0.01875 USDT.
The funds raised will be used to develop ActualizeAI, an automated solution that will make it easier for more people to enter the cryptocurrency trading scene. For more information about the presale, visit the official AltSignals website.
Investors should pay attention to AltSignals as it could change the way traders approach the market. Bitcoin has been performing well this year, and if the trend continues, other cryptocurrencies could record massive gains. The launch of ActualizeAI could be a huge boost for AltSignals, resulting in a surge in its token price in the coming months and years.