Today, bitcoin price has been struggling to stay above a $9,150 range sparking fear among analysts who fear there could be a more significant decline if BTC fails to maintain its market prices above $9,000.
Bitcoin has not been the only crypto adapting to a downward correction today. Altcoins also followed suit! Ethereum registered below $240, and XRP went below $0.200. Litecoin, Bitcoin Cash, EOS, BNB, XLM, and even the previously promising DOGE and Cardano (ADA), among many others, have all their prices decline. This is a crystal indication of the domino effect the BTC price movement has on altcoins.
Does this mean the altseason is over? Find out by following our daily price analysis here.
The Dawn of Crypto Dow Jones
The Crypto Price Index (CPI) plans to announce the start of the crypto platform in collaboration with the UAE’s royal family. The platform plans are underway to make it public in conjunction with HotBit exchange. The starting price for selling tokens will be $5 and will run from July 15, 2020, to July 31, 2020. Working together with the most influential families in the Middle East will boost up the platform’s effectiveness, gain more recognition, and create a competitive environment amongst other platforms.
Find more intel on new exciting crypto projects here.
An Insider on Crypto Use in Venezuela
Venezuela has been receiving digital currency donations in Bitcoin towards various ambitions. Out of this, 57% of end-users could access the funds according to a survey conducted by AirTm.
Donations distributed by AirTm summed up to $300,000 sent to 60,829 Venezuelan users with digital wallets. There were also a few assets distributed to users, including Bitcoin Cash, Zcash, and Dai. AirTm provides a trading platform that is fraud-free and educational on utilizing digital wallets, hence gaining citizen’s trust.
Read the full article here.
Could Bitcoin Lose its Dominance to ChainLink?
That question seems far-fetched, but hypothetically, what if? Although it may sound absurd, crypto analyst Timothy Peterson is convinced that ChainLink would become more superior to Bitcoin. In his statement, he argued that Bitcoin’s fluctuating prices would not affect ChainLink, unlike other altcoins, and it would provide users with real-time information on their platform. Adoption of the ChainLink system by companies and government institutions has enabled them to embrace the Link tokens. Through this approach, the platform has experienced a 17% growth rate every month.
Read all our Chainlink stories here.
YouTube Seemingly a Haven for Crypto Swindles
Of late, multitudes of people are becoming victims of crypto defrauders through YouTube videos. The scammers who promise to double users’ funds are taking more and victims earning nothing every day. The lot is misusing notable names in the crypto world, such as Ethereum’s Vitalik Buterin, for their schemes to suffice.
Learn all the tricks of crypto fraudsters here
