The crypto market is back on the rise

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After six slow weeks that corresponded to a global sell-off of stocks last month, the cryptocurrency market has surpassed $ 100 billion in 24 hours, with bitcoin leading the rally, CNBC reported Monday 26th. July, citing data from Coinmarketcap.com.

Bitcoin hit over $ 39,000, a price eCurrency hadn’t seen since mid-June, when it fell below $ 30,000. Data from CoinDesk showed bitcoin to have risen nearly 12% in the past 24 hours, CNBC reported. The rise in bitcoin has pushed up the prices of other cryptocurrencies, like Ether, which was trading at $ 2,345, an increase of 8.7%.

Twitter and Square CEO Jack Dorsey, The B Word Bitcoin Educational Symposium was held on July 21 with Tesla CEO Elon Musk, ARK Invest CEO Cathie Wood, and others. The initiative aimed to promote awareness and adoption of bitcoin.

The Chinese trading day opened and the Elon / Jack / Cathie discussion was very optimistic, Alex Brammer of Luxor Mining, a cryptocurrency pool designed for advanced miners, told CNBC.

At The B-Word talk, Musk told a panel that he owned the Ethereum coin, which helped push the price up by more than 10% to over $ 2,000. Although Musk stopped taking bitcoin for Tesla’s purchases in May, he’s now ready to accept the exchange again, as mining operations are largely shifting to a more renewable source of energy.

Dorsey compared bitcoin to the internet’s chances of having a native currency with resilience. He also called it weird but still evolving the same way it did in the early days of the web.

Amazon is also considering adding an electronic money and blockchain professional to its payments staff. PYMNTS research data revealed that two-thirds of respondents with cryptocurrencies bought them to make transactions. Some 53 percent made the purchase for fear of missing something (FOMO). In addition, 59% of respondents who have never owned cryptocurrency are interested.

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NEW DATA PYMNTS: SUPERCONNECTED GENERATION – THE UPCOMING USER AUTHENTICATION CHANGE

About the study: Superconnected consumers use a variety of connected devices to interact, buy, and pay online, but say password authentication slows them down. PYMNTS surveyed 2,127 consumers and found that these highly connected and highly desirable customers want financial institutions (FIs) and merchants to ditch the password and provide a better and safer way to authenticate online.

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