$BTC
Major cryptocurrencies were trading flat on Thursday amid rising expectations that the U.S. Federal Reserve will likely cut interest rates in September.
At 12:14 PM, Bitcoin (BTC) was trading 0.25% lower at $70,898, while Ethereum surged 0.7% to $3,843. Meanwhile, the global cryptocurrency market cap fell by 0.22% to around $2.63 trillion in the last 24 hours.
"Bitcoin hovered around the $71,000 level with increasing inflows in the Bitcoin spot ETFs and rising open interest in the futures market. The $72,000 level continues to be a significant resistance," said Edul Patel, CEO of Mudrex
