(VIANEWS) – Cryptocurrencies have entered the mainstream this year, with crypto-backed bank cards, investment products, and traders, both large and little, getting in on the action, propelling the likes of Bitcoin, Ether, Ripple, ADA, and Dogecoin to all-time highs early this year.
According to Business Insider, crypto use is accelerating in the developing countries. From Brazil to Botswana, young, fast-growing populations who lack access to traditional money yet have smartphones are driving the rise in cryptocurrency adoption.
According to a Statista study of global consumers conducted in February, over one-third of those surveyed in Nigeria claimed they owned or used cryptocurrencies, compared to only 6 out of every 100 in the United States in 2020.
The quantity of bitcoin changing hands in emerging economies is skyrocketing. According to data source Kaiko, crypto trade volumes in Brazil have increased 2,247 percent year on year in 2021, while in Venezuela, where political upheaval has caused hyperinflation and an economic catastrophe, crypto trading volumes have increased 833 percent in the previous 12 months. According to Kaiko’s data, trade volumes in Nigeria, Africa’s largest economy, have increased 128 percent year on year, while in Turkey, where inflation and economic downturn have impacted the currency, they have increased 143 percent.
Bitcoin (BTC-USD) Cryptocurrency is currently on bearish momentum by 4.37% in the last 24 hours. At 22:40 EST on Monday, 19 July, Bitcoin (BTC-USD) is at $30,236.0000.
Today’s last reported volume for Bitcoin is 20454181522, 59.26% below its average volume of 50206199731.02.
All-Time High and Low
Bitcoin’s current value is at $30236, 52.65% below its all-time high of $64805 on Wednesday, 14 April.
Bitcoin’s current value is at $30236, 45147.63% above its all time low of $64805 on Saturday, 6 July.
Market Cap and Supply
Bitcoin’s current market cap is at 570995841345. The total supply is 21,000,000.00, maximum supply is 21,000,000.00, and the circulating supply is 18,761,318.00.
Currently, Bitcoin (BTC-USD) has 2924812 Twitter followers and 3201091 Reddit subscribers.
As of now, on Github, there are 29425 forks, 55681 stars, and 3826 subscribers.
Bitcoin’s last week, last month’s, and last quarter’s current volatility was a negative 0.70%, a negative 0.44%, and a positive 3.80%, respectively.
Bitcoin’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.92% (last week), 3.13% (last month), and 3.80% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Bitcoin’s crypto is considered to be overbought (>=80).
Other News About Bitcoin (BTC-USD)
Btc/usd forecast: Bitcoin pressures major support – 19 July 2021. According to DailyForex on Monday, 19 July, “The Bitcoin market fluctuated during the trading session on Friday as we continue to hover just above the $30,000 level. “, “Nonetheless, I think there are far too many things working against Bitcoin to make it go much higher in the short term. ”
Bitcoin miner iris said to seek new funds ahead of U.S. listing. According to Bloomberg Quint on Monday, 19 July, “The company’s flagship project is a 50 megawatt data center in British Columbia, Canada, that runs Bitcoin mining equipment powered by renewable energy, according to its website. “, “Critical comments by Tesla Inc. Chief Executive Officer Elon Musk, as well as the electric-vehicle manufacturer’s about-face in May on whether to accept Bitcoin as payment for its products, weighed on sentiment. ”
More news about Bitcoin (BTC-USD).