Crypto Ecosystem Update #24 (July 29, 2022)

Bitcoin reached $24,400 on July 20 following a June low of $17,600.  Subsequently, the anticipation of the U.S. Federal Reserve meeting on July 27 outweighed the brief optimism that pulled Bitcoin from its bottom. The drop in risk appetite consequently led to a correlating drop in Bitcoin price below $21,000, as of July 26.

Although an…