Bitcoin maintains price above $30k as more investors hold their assets

Key takeaways

• Bitcoin has maintained its value above $30k as more investors hold their cryptocurrency assets.

• AltSignals’ stage-2 presale has now surpassed 50%, with more than $1.1 million raised so far.

The cryptocurrency market has been stagnant for the last two weeks, with the prices of most coins and tokens trading within specific ranges.

Bitcoin, the world’s leading cryptocurrency by market cap, has maintained its value around the $30k region over the past few weeks.

Inflation figures come out lower than expected

Rising inflation figures in the United States and other parts of the world have led to the Federal Reserve hiking interest rates in recent months.

However, the Fed didn’t increase interest rates last month, and investors are now optimistic that the US apex bank might decrease interest rates later this month.

The SU Consumer Price Index for June was 0.2%, lower than what market analysts had expected. With inflation declining in the US, the Fed might reduce its interest rates in the near term.

If that happens, the cryptocurrency market could experience a positive performance. At press time, the price of Bitcoin stands at $30,566, up by less than 1% in the last 24 hours. 

Data obtained from Glassnode revealed that the number of wallets holding at least one BTC had reached an all-time high of 1,008,737 million.

As more people are holding Bitcoin, investment in other cryptocurrencies could increase in the near term. Investors could be looking to enter new projects and make excellent returns.

One of the projects investors could consider is AltSignals. AltSignals is still in its presale stage and has already raised more than $1 million in its second presale round. 

What is AltSignals?

Before investing in AltSignals, it is advisable to know what the project is and the problem the developers intend to solve in the market. 

AltSignals is a project that primarily targets traders. It is a trading platform that provides trading signals for stocks, forex, indices, cryptocurrencies, and CFDs. 

Although AltSignals is still in its presale stage, the team has raised more than $1 million and will use the funds to develop its platform.

The stage-2 presale has raised more than $1 million so far, with the team targeting around $2 million in this round. 

ASI, the native token of the AltSignals ecosystem, is currently sold for…