Celebrities are stepping out for crypto, but will Iron Mike have diamond hands?

[ad_1]

Crypto at a glance

The price of Bitcoin continues to hold above $ 30,000 today, although it is now down 8% from the same time last week.

The largest cryptocurrency by market value has spent the weekend trading in an increasingly narrow range between $ 31,000 and $ 33,000. It continues to hold up stronger than the rest of the market, with Ethereum down 4% in the past 24 hours.

There was some good news this weekend, though, albeit from feared anonymous sources. CoinDesk reported that Bank of America has approved Bitcoin futures trading for some clients, although it can only say their sources are aware of the matter. Which is at least better than citing sources without any knowledge of the subject. If this were true, it would be another domino in the list of financial giants to have made Bitcoin available to its customers in the past year or so.

In more concrete good news, the city of Jackon, Tennessee, is looking to allow residents to pay their property taxes with Bitcoin. Mayor Scotten Conger is a strong supporter of Bitcoin and has laser eyes on his Twitter profile picture. He was joined by Mike Tyson and Busta Rhymes over the weekend, both of whom were active on social media to let the world know their feelings on the matter. Celebrities tweeting about Bitcoin? Is the bull really finished?

Cudos is proud to present the Crypto AM 3rd Birthday Unlocking Summer Party at Boisdale of Canary Wharf on Wednesday July 28…

Crypto AM 3rd Anniversary Unlock Summer Party is on!

An incredible champagne drink reception followed by a three course summer lunch washed down with magnificent Mirabeau Azure Ros! Followed by the chance to finally catch up and network with the community to the intoxicating rhythms of a Mediterranean beach club.

There will be a keynote speech by Matt Hawkins, Founder and CEO of CUDOS, a community speech by Jason A Deane of Bitcoin Pioneers, and a State of the Crypto Union panel discussion moderated by Alex Lightman, Crypto AM contributor.

I am also delighted to announce that Ted Byron Baybutt, director of British Sci-Fi Thriller Slammer, will be presenting an exclusive screening of the film’s trailer. He’s bringing his film crew so who knows? Participants could end up appearing in the film.

I am extremely grateful to our partners CUDOS, World Mobile, BEQUANT, Bitstamp, CryptoCompare, CEX.IO, Bitcoin Pioneers & GlobalBlock Digital Asset Trading whose generosity allows everyone to attend for free.

I hold ten tickets for readers to attend – if you would like to apply, please email me directly with your name, company and contact details explaining why you would like to attend. I will let the lucky candidates know who they are next Wednesday.

My email address is [email protected]

Would you like to help spread Bitcoin adoption and education in the UK and even stack some stats while you do? Well, now you can!

The Bitcoin Pioneers community, supported by Barry Silberts Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way 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, each Pioneer gets 500 Bitcoins per month to share with newbies, helping them get started.

So, if you are passionate about Bitcoin, why not join today? Click here to find out more!

All comments on Crypto AM Daily in association with Luno are welcome by email at [email protected]

Friday AM Daily Crypto in association with Luno…

On the markets NomPrice Price change (24h) Price change (7 days) Bitcoin (BTC) $ 31,802.72-0.24% -7.42% Ethereum (ETH) $ 1,908.48-2.50% -11.38% XRP (Ripple) $ 0.5875 + 0.12% -10.18% Litecoin (LTC)) $ 120.06-1.35% -12.78% Bitcoin Cash (BCH) $ 441.36-1.03% -12 , 53% The Bitcoin economy

* Definitions and information can be found at https://bytetree.com/insights/

Total crypto market capitalization

The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 1,270,396,920,960.

What Bitcoin Did Yesterday

We closed yesterday, July 18, 2021, at a price of $ 31,796.81, down from $ 31,533.07 the day before.

Yesterday’s daily high was $ 32,399.00 and the daily low was $ 31,215.49.

Around the same time last year, the price of Bitcoin closed the day at $ 9,185.82. In 2019, it closed at $ 10,530.73.

Bitcoin market capitalization

The Bitcoin market cap at the time of writing is $ 596.77 billion. To put it in context, the market cap of gold is $ 11.46 trillion and Facebook is $ 967.34 billion.

Bitcoin volume

The total volume of spot transactions reported by all exchanges in the past 24 hours was $ 17,309,332,496. High volumes can indicate that a significant price movement has stronger support and is more likely to be supported.

Volatility

Bitcoin’s price volatility over the past 30 days is 59.67%.

Index of fear and greed

Market sentiment today is 24.

Dominance of the Bitcoin market

Bitcoin’s market dominance today stands at 46.47, its lowest dominance on record was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 41.50. Values ​​of 70 or more indicate that an asset is becoming overbought and may be ready for a trend reversal or price correction. An RSI reading of 30 or less indicates an oversold or undervalued condition.

Convince Your Nan: Soundbite of the Day

I would say it’s a digital property; it is a threat to property; it is particularly a threat to other forms of property. Gold is a property; real estate is property. I don’t think the United States government is threatened by real estate, buildings, businesses, or gold.

– Mr. Saylor, CEO of MicroStrategy

What they said yesterday

More and more American politicians support …

Why do we accept inflation? Why are we not demanding more of our federal government? 6.3% in 2 years. 172.8% in my lifetime. Each year our dollar is worth less. There is no rebound. There is only one fix for this .. #Bitcoin

– Mayor Scott Conger (@MayorConger) July 16, 2021

Will Iron Mike have a handful of iron?

Which do you prefer, BTC or ETH?

– Mike Tyson (@MikeTyson) July 17, 2021

Turn up the volume …

Currency or property?

Crypto AM Editor’s Choice

Cardano overtakes Bitcoin as most owned cryptocurrency eToro clients

Coinbase gets green light from German regulators

Nukkleus acquires London-based Match Financial

Binance given the boot by UK financial watchdog

Ripple overtakes Bitcoin among UK crypto investors

Crypto AM: longer reads

City AM Markets: What is Decentralized Finance (DeFi) by Aave

Crypto AM: Conversation with James Bowater Crypto AM: Market View in association with Ziglu Crypto AM: Technically speaking in association with Zumo Crypto AM: A Traders View with TMG Crypto AM: Mixing in the Metaverse with Dr Chris Kacher Crypto AM: Visions of the Future, Past and Present with Alex Lightman Crypto AM: Legal Talking Crypto AM: Spotlight on Crypto AM: Founders Series Crypto AM: Voices of the Industry Crypto AM: Tiptoeing Through Crypto with Monty Munford Crypto AM: Definitely DeFi Crypto AM Parliamentary Special

First part of two – April 2021

Part two of two – April 2021

Five-part series – March 2021

Part one …

Second part…

Part three …

Fourth part…

Fifth part …

Crypto AM events

For those of you who missed the Crypto AM DeFi & Digital Inclusion Online Summit – you can now watch the two-part event via YouTube…

Part one:

Second part:

Cautionary Notes

It is certainly tempting to get carried away by the excitement, but please heed these warning words: do your own research, invest only what you can afford, and make good decisions. The indicators in this article will hopefully help you. Please keep in mind, however, that the content of this article is for informational purposes only and does not constitute investment advice or any form of recommendation or invitation. City AM, Crypto AM, and Luno always advise you to get your own independent financial advice before investing or trading in cryptocurrency.

All information correct at 08:00 BST

[ad_2]