On July 20，the crypto market started a fresh drop with Bitcoin falling below $30,000. About $100 billion was liquidated amid the red market. The drop in crypto assets came after the recent sell-offs in global stock markets.
The supply and demand battle of oil continues to rage as the talks around upping the output stalled once again. This delay of a supply increase of course bodes well for the oil price which has been on a bit of a rally recently.
The news came yesterday that The People's Bank of China had urged major banks and Alipay to crack down on crypto trading.
On June 2, Bitcoin and altcoins saw double-digit rallies with Bitcoin briefly stood above $38,000 and dogecoin increased 40% once. The rally failed to spark hope among investors and the bitcoin fear and greed index is at 24, indicating extreme fear.
Facing the lack of live events during the pandemic, tectix shifted gears and took on the mission to help event organizers go “back to live“ as quickly as possible.
XRP continues to make parabolic moves for the second day and in the past 10 days, it has soared from $0.6 to over $1.96.
Bitwells, a rising cryptocurrency derivatives exchange, has launched a 100% deposit bonus activity for every user.
Bitcoin is regarded as the leading cryptocurrency and is seen by many as the most profitable. Many companies have begun accumulating bitcoin, with Tesla recently purchasing vast amounts of bitcoins.