Cryptocurrency markets updates today, July 11: The market capitalization of all cryptocurrencies was trading lower at USD916.63 billion, down as much as 3 percent over the previous day. The overall value of cryptocurrencies traded, however, decreased slightly to USD 54.18 billion.
On Monday, the decline in cryptocurrency tokens accelerated, extending weekend losses. The decline in crypto tokens remained restrained.
The latest US consumer price index report is anticipated on Wednesday, and traders are eagerly awaiting it. The market's expectations for the Federal Reserve's upcoming action at a meeting later this month may be influenced by the news.
All other crypto tokens, with the exception of Solana and Shiba Inu, were trading in the red. Cardano decreased by 2 percent, while Unus Sed Leo fell by up to 1 percent.
The cost of the hardware required to support the mining of crypto assets has also dropped significantly since the fall of the cryptocurrency market. A high-end graphic card, for instance, is currently almost 45 percent less expensive than it was a few months ago.
MetGain races ahead using blockchain technology that will benefit the financial sector in a big way.
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