BlockchainDaily Market Update - July 21, 2020

Daily Market Update – July 21, 2020

$BTC 24 Hour High $9,187
$BTC 24 Hour Low $9,106
$BTC -0.07%

Total Market Cap
$272.8 BN (+0.37%)

24 Hour Volume
$49.1 BN (+9.11%)

Notable Movers
Swipe
(SXP) (+46.33%)

BTC Dominance
61.9% (-0.16%)

Digital asset markets

The lack of volatility in traditional markets is nothing new in the digital asset space. $BTC is still trading in an even narrower band of less than $100 after rejections above the $9,200 zone and renewed support in the $9,100s. If $BTC’s monthly candle were to close as it is right now, it would be one of its narrowest in $BTC’s history. With Bollinger Bands this tight, traders and investors are expecting a strong movement sooner rather than later.

Alt watch

As it has been for the last weeks, $BTC’s lack of volatility has given some alts a chance to move up, especially those participating in the DeFi space. Coins that were outperforming $BTC are all located outside the top 50 by market cap: BAND +32%, SWP +30%; KAVA, +17%, and LEND +16%.

Bitcoin’s dominance is sitting now at 62%, down from 63.5% last Friday and now at its lowest value of 2020.

ETH/BTC trading at 0.257 and apparently finding support above 0.025, an area of interest which acted as support during the end of 2018 and beginning of 2019.

Too Little Too Late? Twitter Gets Cybersecurity Coaching
After last week’s very public, very embarrassing hack for Twitter, the social media company has stated that they will provide company-wide security training against social engineering tactics — the very tactics that hackers used to gain access to tweet from 130 celebrity Twitter accounts last week. Twitter also noted that they are “very sorry.”

Twitter Hack Victims Can Get Their Money Back?!

Hope is not lost for all victims of the Twitter hack. Since some senders designated a very low mining fee, no miner has yet taken the effort to confirm their transactions. According to CT, if the victims send the same BTC to an address they control with a higher mining fee — voila! As long as miners snatch up the higher fee, their original transaction will not be confirmed.

Matthew Leisinghttps://www.newsalarms.com/
I cover market structure for News Alarms, specifically how the bond, derivatives, and cryptocurrency markets work or don't.

Latest news

Polkadot announces $ 777M fund for network growth

Gavin Wood's announcement comes a few weeks before the launch of the parachain auction, scheduled for November 11. Polkadot founder...

Microstrategy CEO advises Nigeria and Zimbabwe to adopt Bitcoin (BTC)

The CEO of Microstrategy , a software and mobile application development company, Michael Saylor, has advised Nigeria and Zimbabwe...

The 5 Bitcoin Mining Problems that need to be Solved: Jack Dorsey

Definitely, the founder of Twitter, Jack Dorsey, is increasingly involved in the cryptosphere, and in Bitcoin (BTC) in particular. After...

The crypto tax will be decisive in the next elections in South Korea

South Korean presidential candidates have started pushing for changes in cryptocurrency tax rules to appeal to the younger generation. According...

How to buy NFTs on OpenSea?

We are talking more and more about non-fungible tokens, however buying and selling NFTs remains a relatively complicated process...

Glass Chain/GLS Brings you a New Way of Mining, Everyone can Get this Fortune

Singapore, 18 Oct 2021, ZEXPRWIRE, In 2017, Glass Chain was established by the Singapore Optometry Foundation and is committed to becoming...

Must read

Microstrategy CEO advises Nigeria and Zimbabwe to adopt Bitcoin (BTC)

The CEO of Microstrategy , a software and mobile...

The 5 Bitcoin Mining Problems that need to be Solved: Jack Dorsey

Definitely, the founder of Twitter, Jack Dorsey, is increasingly...

The crypto tax will be decisive in the next elections in South Korea

South Korean presidential candidates have started pushing for changes...

How to buy NFTs on OpenSea?

We are talking more and more about non-fungible tokens,...

The Mexican president has no plans to legalize Bitcoin

The Mexican president has no plans to legalize Bitcoin,...

You might also like
Recommended to you