Crypto at a glance
A perfect storm of bullish news has swept Bitcoin on the crest of the waves into the new week, with an astronaut, social media mogul, and rapper steering the ship back to the dizzying heights of $ 40,000. But are things just getting started?
After Bitcoin price began last week on news that Tesla was considering accepting the cryptocurrency again for payment, Bitcoin price rose 15 percent last night to over $ 39,000 for the first time since June 17. Yesterday was in the green for the sixth straight day, while at that point the value rose more than 20 percent, although at the time of writing the price has since dropped to around $ 38,000 since then.
This outbreak appears to have been triggered by a much more mass-market retailer than Tesla, which accepts the world’s largest cryptocurrency. Yesterday’s reports, citing an insider familiar with the matter, said Amazon plans to accept Bitcoin payments “by the end of the year.”
Jeff Bezos is not satisfied with going into space, but wants to go to the moon. A source within Amazon told our own Darren Parkin, editor of Crypto AM, that “It starts with Bitcoin – this is the first major phase of this crypto project, and the directive comes from the very top … Jeff Bezos himself.”
He is also joined by the Twitter CEO and renowned Bitcoin bull Jack Dorsey, who is once again promoting Bitcoin use cases on the microblogging platform. Dorsey said on the company’s second quarter conference call that Bitcoin will be a “big part” of the company’s future and has the potential to further transform Twitter’s products and services.
The Bitcoin outbreak appears to have dragged other cryptocurrencies with it, with everything at stake today. The total value of all cryptocurrencies is more than $ 1.5 trillion for the first time since June, with Ethereum rising seven percent to more than $ 2,300 in the past 24 hours, Cardano up nine percent to $ 1.35 Dollar and Bitcoin Cash up 11 percent to over $ 500.
Busta Rhymes has a lot of fun tweeting about it. Even the hype men are getting an upgrade.
Cudos proudly presents the Crypto AM 3rd Birthday Summer Party to unlock at the Boisdale of Canary Wharf on Wednesday, July 28…
The Crypto AM 3rd birthday summer party to unlock is a success!
A fantastic reception with champagne, followed by a 3-course summer lunch with a wonderful Mirabeau Azure Rosé! Followed by the chance to finally meet and network with the community to the rousing beats of a Mediterranean beach club.
There will be a main keynote from Matt Hawkins, Founder and CEO of CUDOS, a community keynote from Jason A Deane of Bitcoin Pioneers, and a panel discussion on the State of the Crypto Union moderated by Crypto AM employee Alex Lightman .
I’m also delighted to announce that Ted Byron Baybutt, director of the British sci-fi thriller Slammer, will be showing an exclusive screening of the film’s trailer. He’s bringing his film crew with him, so who knows? The participants could end up in the film.
I am very grateful to our partners CUDOS, World Mobile, BEQUANT, Bitstamp, CryptoCompare, CEX.IO, Bitcoin Pioneers & GlobalBlock Digital Asset Trading, whose generosity enables everyone to participate for free.
Would you like to help spread the introduction and formation of Bitcoin in the UK and even pile up some sats while you do so? Well now you can!
the Bitcoin pioneers Community, backed by Barry Silberts Digital Currency Group, was formed to bring Bitcoin to a mainstream audience in meaningful ways and now has members across the UK.
We share tips, stories, and ideas on how to encourage others to try Bitcoin for the first time. And thanks to Luno’s support, every pioneer receives £ 500 a month of Bitcoin to share with beginners to help them get started.
So, if you’re passionate about Bitcoin, why not join today? Click here to find out more!
All feedback on Crypto AM Daily in collaboration with Luno is welcome by email at James.Bowater@cityam.com 🙏🏻
Crypto AM Daily on Friday in collaboration with Luno…
In the markets
The bitcoin economy
* For definitions and insights, see https://bytetree.com/insights/
Total crypto market capitalization
The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 1,535,729,146,151.
What Bitcoin did yesterday
We got yesterday, July 25th, 2021, for the price of. closed $ 35,350.19, down from $ 34,292.45 the previous day.
The daily high was $ 35,364.93 yesterday and the daily low was $ 33,881.84.
Around this time last year, Bitcoin’s price closed the day at $ 9,905.17. In 2019, it closed at $ 9,870.30.
Bitcoin market capitalization
Bitcoin’s market capitalization at the time of writing is $ 724.45 billion. To put it in context, gold’s market cap is $ 11.481 trillion and Facebook is $ 1.048 trillion.
The total spot trading volume reported by all exchanges in the last 24 hours was $ 35,443,317,426. High volumes may indicate that a significant price move has stronger support and is more likely to be sustained.
Bitcoin’s price volatility over the past 30 days is 48.04%.
Fear and greed index
The market sentiment is today 26
Bitcoin’s market dominance
Bitcoin’s market dominance is today 47.67, The lowest dominance ever recorded was 37.09 on January 8, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 68.80. Values of 70 or above indicate that an asset is overbought and may be prepared for a trend reversal or price correction – an RSI of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Soundbite of the day
“I was honored to meet core Bitcoin developers. You know economic history better than anyone I’ve ever met. “
– Cathie Woods, CEO of ARKinvest
What they said yesterday
BITCOIN woke up and wants revenge !!
– Ivan on Tech – Made with Moralis 👨💻🔨 (@IvanOnTech) July 26, 2021
Break a rhyme …
WOW #BITCOIN is booming !!
🚀 🚀🚀🚀🚀🚀 🤯🤯🤯🤯🤯
– Busta Rhymes (@BustaRhymes) July 26, 2021
To the moon…
LMAO If Bezos is really tearing up Bitcoin market orders a week after his launch into space, then everyone must agree that he is the GOAT 😂
– Pomp (@APompliano) July 26, 2021
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Crypto AM: Longer reads
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Crypto AM: Conversation with James Bowater
Crypto AM: Market View in collaboration with Ziglu
Crypto AM: Technically speaking, in collaboration with Zumo
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Crypto AM: Visions of the Future, Past and Present with Alex Lightman
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Krypto AM: Spotlight
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Crypto AM: Tiptoe through the Crypto with Monty Munford
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Crypto AM parliamentary special offer
Part one of two – April 2021
Part two of two – April 2021
Five-part series – March 2021
Part four …
Part five …
Crypto AM events
For those of you who missed the Crypto AM DeFi & Digital Inclusion online summit – you can now watch the event in two parts on YouTube …