-
Cryptos end the week flat as Bitcoin holds support at $29,400
The cryptocurrency market ended the week with a whimper as the sideways price action for tokens continued, with Bitcoin (BTC) holding support near $29,400 while the broader altcoin market traded mixed. Stocks closed out the last full trading week in July on a positive note as the Federal Reserve's preferred inflation measure – Personal Consumption Expenditures (PCE) – showed that inflation continues to moderate, with prices rising 4.1% year-over-year, the lowest reading since September 2021. At the closing bell, the S&P, Dow and Nasdaq were all in the green, up 0.99%, 0.50%, and 1.90%, respectively. Data ... (full story)