July 26, 2021

Cryptocurrency Digest Jul 26, 2021: News, Analysis & Opinions

💡🚀 Bitcoin rose to $40,000 today, after which it rolled back a bit. On Binance Futures the price of BTC reached $48,000.

✅ Amazon may start accepting bitcoin by the end of this year.

🆘 Tether executives are suspected of bank fraud, Bloomberg reported.

💡 Tether said Bloomberg manipulated outdated information by presenting it as new.

💸 Liquidation of margin positions totaled over $1 billion in 24 hours.

〽️ FTX and Binance decided to reduce leverage to 20x.

❌ Binance will limit leveraged trading in pound sterling, euro and Australian dollar pairs.

📈 The number of cryptocurrencies worldwide increased by 71.73% to 24,030 units in 2021.

🚧 Bobby Li estimates a total ban on cryptocurrency ownership in China at 50%.

📉 CoinShares recorded its third consecutive week of crypto fund outflows.

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Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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