Today’s Coin Prices July 30: Bitcoin Slips to $66,000, Altcoins Show Mixed Performance, Wall Street Declines

Bitcoin turned negative, sliding back to the $66,000 zone after failing to surpass $70,000.

Stock futures declined in overnight trading on Monday as investors awaited significant earnings reports from major companies and the Federal Reserve’s policy meeting set to begin

Dow Jones futures dropped 82 points, or 0.2%. S&P 500 futures fell nearly 0.3%, and Nasdaq 100 futures declined by 0.4%.

In after-hours trading, CrowdStrike shares plummeted over 5%. CNBC reported that Delta Air Lines hired attorney David Boies to seek damages from CrowdStrike and Microsoft following an incident earlier this month that resulted in thousands of flight cancellations.

Quarterly earnings results from Merck, Pfizer, PayPal, Procter & Gamble, and JetBlue will be released before Tuesday’s market close, potentially influencing market sentiment. Investors will also closely watch figures from Microsoft, Advanced Micro Devices, and Starbucks after the trading session ends.

To date, more than 40% of S&P 500 companies have reported their earnings, with 79% surpassing Wall Street’s expectations. This is higher than the 5-year average earnings beat rate of 77%.

The Fed’s two-day policy meeting will start on Tuesday, where central bank governor Jerome Powell may signal the timing and frequency of expected rate cuts in the coming months. Previously, the Fed anticipated a single rate cut for the remainder of 2024, and traders are currently predicting a 100% chance of a rate cut in September.

On Tuesday, traders will monitor June’s job data. Economists surveyed by Dow Jones predict 8.1 million jobs, similar to May’s figure. July’s consumer confidence data will also be revealed.

Bitcoin and Altcoins
Bitcoin bulls continue to struggle as the price hovers near $70,000.

After peaking around $70,079 yesterday, the price quickly reversed and dropped sharply.

The leading asset has lost more than 3% of its value over the past 24 hours, currently trading around the $66,400 level.

**BTC Price Chart – 4 Hours | Source: TradingView**

The altcoin market showed mixed performance yesterday.

On the upside, memecoin projects like BOOK OF MEME (BOME) and Mog Coin (MOG) led with over 10% gains.

Other major altcoins like AIOZ Network (AIOZ), Bitcoin SV (BSV), BitTorrent (BTT), Bitcoin Cash (BCH), eCash (XEC), Maker (MKR), Aave (AAVE), THORChain (RUNE), Litecoin (LTC) saw increases ranging from 3-9%.

Conversely, Popcat (POPCAT) plunged 10% on the day. Meanwhile, Jasmy Coin (JASMY), Jupiter (JUP), Bittensor (TAO), Conflux (CFX), Internet Computer (ICP), Helium (HNT), Bonk (BONK), Pyth Network (PYTH), ORDI (ORDI), Dogwifhat (WIF), NEAR Protocol (NEAR), Stacks (STX), Render (RNDR), Solana (SOL) dropped 5-7%.

Ethereum (ETH) attempted to reclaim the $3,400 level but was unsuccessful. However, the second-largest asset by market capitalization still managed to close two consecutive days above $3,300 and is currently trading around $3,309, up slightly by 0.3% compared to 24 hours ago.