Pre Open US - Cryptocurrency 24 July 2023

On Monday, the prices of Bitcoin and other cryptocurrencies experienced a decline, and traders were closely monitoring the Federal Reserve's upcoming monetary-policy decision this week. Despite the global launch of a new cryptocurrency co-founded by OpenAI CEO Sam Altman, the overall sentiment in the sector remained subdued.

Adding to the cryptocurrency landscape, another token made its debut on Monday. Worldcoin, a cryptocurrency project aiming to establish a digital "proof of personhood" through eye-scanning technology in response to the growing presence of artificial intelligence, was officially launched. Notably, the project has the backing of Sam Altman, renowned for his leadership role in OpenAI, the developer of ChatGPT.

Binance, the largest cryptocurrency exchange, announced its intention to list the Worldcoin token. However, it's worth noting that the token is not yet available in the United States, owing to regulatory uncertainties surrounding the crypto industry.

Technically, Bitcoin (BTC) breaks the 29700-support level it was holding for one month and takes the price toward the next target at 28000.