India, July 25 -- Major cryptocurrencies are trading on a muted note on Friday amidst reports of whale selloffs and leveraged liquidations. The diminishing momentum in altcoins also drove market cap lower. The price movement is also attributed to anxiety ahead of key macroeconomic updates and decisions in the ensuing week. Bitcoin touched a 24-hour low of $114,759.82.
Major events lined up for the coming week are the release of JOLTs job openings data for June due on Tuesday, advance estimates of second quarter GDP and the Fed's interest rate decision due on Wednesday, PCE-based inflation readings for June due on Thursday and payrolls data as well as ISM Manufacturing PMI for July due on Friday.
The European Central Bank had on Thursday h...