Although the price of Bitcoin (BTC) has been lagging in the last few days compared to Ethereum and some other altcoin projects, it has caught on in the last 24 hours. Yesterday, BTC exploded over 7.6 percent. It reached $24,000. Meanwhile, regardless of price, various ecosystem developments are taking place. Here are the details…
Today is an important day for 12 altcoin projects
- A conference will be held with the participation of crypto money projects such as Alpha Venture DAO (ALPHA), Aura Finance (AURO), Avalanche (AVAX), Axelar Network (AXL). The name of the conference, which will be held between 21-22 July, is ReDeFiNE.
- Tezos (XTZ) will hold the TezDev Paris conference between July 21-23.
- Darwinia Network (RING), DeFi Kingdoms (JEWEL), DeFi Kingdoms Crystal (CRYSTAL), KILT Protocol (KILT) and LinkPool (LPL); DeFi Summit was held. The summit ends today.
- Injective (INJ) holds a monthly community meeting.
- MEXC Global lists Bondifa (FIDA) in USDT pair at 17 CET.
- MEXC Global lists Landworld (LWD) at 14 with USDT pair.
- Covalent (CQT) is holding a community meeting.
- Maple (MPL) will hold a community meeting and share their second quarter treasury reports.
- Pembrock (PEM) will launch farming on the mainnet.
- MEXC Global lists Ichi (ICHI) in USDT pair at 12 CET.
- Yoshi.exchange (YOSHI) is holding a question and answer event on Discord. The event will start at 20 CEST.
- Cartesi (CTSI) will hold a question and answer event on Telegram. The event will start at 18 CEST.
What is the latest situation in the market?
The other day, BTC finally managed to catch up with Ethereum and its ecosystem, which has risen over 7.6 percent. However, things took a turn for the worse as Tesla sold BTC. This saw its price touch almost $24,000 before returning to where it is currently trading at $22,500. In the current situation, experts thought that the cryptocurrency should be consolidated. If successful, it could potentially open the way to $27,000 and even higher.
The past week has been pretty good for the primary cryptocurrency, which dropped below $19,000 on July 13 following the latest US CPI figures. The bulls came to play at that point. It did not allow any further decline. On the contrary, BTC started to appreciate rapidly. He got $20,000 back before the weekend. Saturday and Sunday saw more impressive performances from the asset raising over $22,000. After the start of the work week, the scenery was even better. However, as we reported on Kriptokoin.com, it was announced that Tesla sold almost $ 1 billion of their BTC in Q2. This had an immediate impact on bitcoin price, which dropped by around $1,500 and is currently struggling below $23,000.
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