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 Tether said Bloomberg manipulated outdated information by presenting it as new.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