Bitcoin Trades Flat at $21k Level; Coinbase Files to Bring Back CFO

27 Jul 2022

📈BTC | $21,160.82 (+$79.58, +0.38%)
📈ETH | $1,430.90 (+$8.50, +0.60%)
📈XRP | $0.333741 (+$0.000540, +0.16%)
📉LTC | $-0.088666 (-$1.27, -0.17%)

📈Total Crypto Market Cap: The global crypto market cap is $970.93B (+0.37%)

🙄As investors absorbed the most recent rise in macroeconomic uncertainty and prepared for the potential fallout of the U.S. Federal Reserve’s anticipated 75 basis point rate hike, cryptocurrencies on Tuesday fell farther away from their previous highs. Recently, Bitcoin was trading for over $21,100, up marginally over the preceding day . BTC re-entered the $18,000 to $22,000 band it has been trading in since the beginning of June.

🙏A proposal has been submitted by Crypto lending platform Celsius Network to reassign former CFO Rod Bolger to help the business through its bankruptcy restructuring. After just five months as Celsius’ CFO, Bolger left the company on June 30. After that, the business declared bankruptcy in the middle of July.

🤝💰Crypto mining pool AntPool, which is connected to the manufacturer of the largest mining rigs, Bitmain, has contributed $10 million to the Ethereum Classic ecosystem. Ethereum Classic will continue to use the proof-of-work system even while the Ethereum network works to switch to a proof-of-stake (PoS) system (PoW). PoS will do away with the need for specialized mining rigs like those produced by Bitmain.


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