Bitcoin price tops $38,000

Bitcoin price tops

On Monday, July 26, the first cryptocurrency hit $39,900 at the moment (on Bitstamp). In the last 24 hours, it has gained 12.4%, according to CoinGecko.

At the time of writing, bitcoin is trading at around $38,500. The asset has a capitalisation of $722.9 billion.

more than $1 billion

According to data from bybt, more than $1 billion worth of predominantly short positions have been liquidated in the futures market over the past 24 hours.

On derivatives platform Binance Futures, the price of bitcoin rose to $48,000 within two minutes before returning to $39,600.

On 26 July, Binance CEO Changpeng Zhao said Binance Futures reduced the maximum leverage for new customers a week ago, limiting it to 20x.

futures started limiting new users to max 20x leverage last Monday, Jul 19th, 7 days ago. (We didn't want to make this a thingy). In the interest of Consumer Protection, we will apply this to existing users progressively over the next few weeks.

Ethereum's price is up 8.6 per cent, hitting $2360 (Bitstamp) at the time of writing. Bitcoin's dominance index is 45.5% and ETH is 17.3%.

The total capitalisation of the cryptocurrency market has exceeded $1.58 trillion. Below are the top ten assets by this measure.

total capitalisation

Recall that on July 24, digital gold passed the $33,000 mark, while the second most capitalised cryptocurrency is $2100.

Despite its ambitions, Ripple Coin is currently tied up in legal troubles with the Securities and Exchange Commission (SEC), although that’s hardly prevented XRP from surging in value with other cryptos.

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