What happened on the crypto market while everyone was asleep – review from July 26

Major cryptocurrencies are on the rise, rumor has it Amazon will accept crypto payments, governments in countries that account for 90% of global GDP are working on CBDC

– these and many other news on the morning of July 26 in our review.

Bitcoin (BTC) kicked off its new business week with a sharp rise. At the moment, the cryptocurrency tried to break through the $ 40 thousand level, after which the coin entered a correction. As of 06:05 (GMT), bitcoin is trading at $ 38,048.

Bitcoin price chart. Source: TradingView

Read Also: Bitcoin (BTC) Reaches 2-Week High and Trading Volumes Reaches 9-Month Low

The second largest cryptocurrency by capitalization – Ethereum – also started Monday with growth. As of this writing, the coin is trading at $ 2,298.

Ethereum price chart. Source: TradingView

In the top 10 most capitalized cryptocurrencies, Bitcoin (+ 10.81%) has the best daily movement result. During the week, Ethereum grew more actively than others (+ 21.97%). Over the past 24 hours and 7 days, stablecoins Tether, USD Coin, Binance USD have shown negative dynamics.

Top 10 most capitalized cryptocurrencies. Source: CoinMarketCap

In the top 100 most capitalized cryptocurrencies, Amp (+ 44.98%) recorded the best daily growth, and Axie Infinity (+ 151.63%) over the week. Over the past 24 hours, Flow (-6.42%) has lost the most in price. The largest losses for the week were recorded at Mdex (-12.84%).

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Breaking news on the morning of July 26

  • Almost 45% of Singaporeans have invested in cryptocurrency. These conclusions, as part of a market study, came from the compilers of the IRCI index – analysts from the Independent Reserve.
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43% of respondents said they own cryptocurrency. About 46% plan to buy digital assets within a year. Most often, citizens of Singapore in the category from 26 to 45 years old invest in cryptocurrency. In total, the Independent Reserve team surveyed 1,000 local residents.

  • E-commerce giant Amazon plans to accept cryptocurrencies for payment. Writes about this City AM. with reference to information from anonymous sources.

According to media reports, the platform will start with Bitcoin. Sources claim Amazon is organizing cryptocurrency acceptance by the end of 2021.

  • Central bank digital currency (CBDC) issuance opportunities are being explored by countries that account for 90% of global GDP. Cointelegraph writes about this, citing data from the Atlantic Council tracker.

The researchers found that as of the end of July 2021, CBDC is being studied by specialists in 81 countries around the world. Of these, five – the Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia and Grenada – have already launched the financial instrument.

Recall that earlier we understood what happened on the cryptocurrency market in the week of July 19-25.


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