Cryptocurrency News

What happened in the crypto market while everyone was sleeping – overview of 14 July

Bitcoin and Ethereum are getting cheaper again, 21Shares has created a crypto-ETP for customers, Bit Mining has moved out of China – these and many other news from the morning of July 14 in our review.
Bitcoin (BTC) started Wednesday with a fall. As of 06:34 (MSC), the cryptocurrency is trading at $31,826.

График биткоина

Bitcoin exchange rate chart. Source: TradingView

The second most capitalised cryptocurrency, Ethereum, also started the day with a decline. As of this writing, the coin is trading at $1879.

График Ethereum

Ethereum exchange rate chart. Source: TradingView

In the top 10 capitalisation rankings, all cryptocurrencies except for USD Coin Stablecoin showed negative movement during the day and week. Polkadot (-11.75%) recorded the largest losses in 24 hours, Uniswap (-21.14%) in the last 7 days.

Top 10 most capitalized cryptocurrencies. Source: CoinMarketCap
In the top 100 most capitalised cryptocurrencies, Axie Infinity has the best growth result for the day (+6.24%) and week (+53.39%). During the last 24 hours, Cosmos lost more actively in price than others (-18.23%). The largest weekly losses were recorded by Telcoin (-35.16%).

The main news on the morning of July 14:

  • Decentralized exchanges developer Shipyard Software has raised $21 million to create a new trading floor – Clipper. The Block writes about it.
  • The company has managed to attract investments from Polychain Capital, 0x Labs, 1inch, DeFi Alliance, Quantstamp, Nascent, Three Arrows Capital and several other market participants.

The money was needed for the company to move to another country, amid pressure from Chinese authorities on the crypto industry.

Read also: Uniswap’s DeFi fund has dumped $10m worth of UNI tokens

Comdirect customers will be able to use crypto-ETP 21Shares in their savings accounts.

As a reminder, the Bank of England earlier revealed how cryptocurrencies will penetrate the traditional economy.

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