Bitcoin cryptocurrency price today july 14, 2022: Bitcoin, Ethereum rise again, Whale is selling bitcoin at high price

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Update Cryptocurrency price today July 14, Bitcoin price fluctuates around 20,275.09 USD. According to CoinMarketCap data, the market dominance of the world’s largest cryptocurrency Bitcoin has 0.15 % increase went up 42.89% start of today.

Cryptocurrency price today by market cap

The major cryptocurrencies were trading in a bearish position as of early July 14. The global crypto market capitalization at the time of writing is$900.10 billion rose 3.84%compared to the previous day. On the other hand, the total crypto market volume over the past 24 hours is71.82 billion dollars alreadyup 29.80%

The total volume in DeFi is $6.18 billion, representing 8.60% of the total 24-hour crypto market volume. The volume of all stablecoins is $64.24 billion, which is 89.44% of the total 24-hour crypto market volume.

Bitcoin price at the time of writing is hovering around $ 20,275.09 . According to CoinMarketCap data, the Bitcoin market dominance of the world’s largest cryptocurrency has dropped 0.15% to 42.89% starting today.

Bitcoin (BTC) price information and statistics on July 14, 2022

Total Bitcoins
(sum of all currently existing Bitcoin)
19,092,611 BTC
Market Capitalization
(market value of all currently existing Bitcoin)
386,003,355,314 USD
Transactions last 24h
(Number of transactions in blockchain per day)
Transactions Average per hour9.512
Bitcoins sent last 24h4,410,983 BTC ($89,178,695,182)
23.10% market cap
Bitcoins sent Average per hour (last 24h)183,791 BTC ($3,715,778,966)
Average Transaction value19.32 BTC ($390,627)
Median Transaction value0.027 BTC ($545.01)
Average Transaction Fee0,0001 BTC ($ 2,03) 0,0000003 BTC / byte
Median Transaction Fee0.000043 BTC ($0.863)
Active Addresses last 24h726,778
Bitcoin Mining Profitability0.0786 USD / Day for 1 THash / s
WARNING: The article has a certain lag compared to the current price on the market, the information in the article should only be viewed from a reference point of view and should not be considered investment advice .

As of 8 am on July 14, this is the price of the largest virtual currencies (digital currencies) (data from coinmarketcap).

Binance coin231.57+4.64
Shiba Inu0.0001102+4.77
Total crypto market volume in the last 24 hours is $71.82 billion increased 29.8%

Whales are selling bitcoin at a high price

Whales (investors with huge capital), one of the stronger hands in the Bitcoin market, recently entered a bearish zone, as the market dropped below their actual price and the 20k level. substantial dollars. This means that many of these big whales are now holding their money at a loss, forcing some of them to sell before larger losses are inflicted on their portfolios.

The Exchange Whale Ratio Index, which is a useful tool for tracking the behavior of Whales, is showing a large increase over the past few weeks, showing a significant increase in Bitcoin deposits to exchanges. whale trade. It seems that many whales have reached the risk threshold and are bearish on their Bitcoins at these prices.

Selling pressure and increased supply could trigger another drop in the short term. However, it also means that the bottom could close, as Bitcoin appears to have entered the final stages of its bear market.

The President of Kazakhstan signs the Law to increase the tax on cryptocurrency mining

The President of Kazakhstan, Nursultan Nazarbayev, signed a new law amending the country’s Tax Code and adding some provisions for enforcement.

The revisions establish different tax rates for cryptocurrency mining. According to reports, the President of Kazakhstan has signed a bill to impose heavier taxes on bitcoin miners in the country following power shortages and thefts that occurred a few months ago.

The new tax law will bring significant changes to Kazakhstan’s tax code. The amount that the government owes the tax will be determined by the amount of electricity used to mine the cryptocurrency during a certain tax period. Amounts can range from 1 Kazakh tenge to 10 Kazakh tenge (approximately $0.0021 to $0.021 at current USD rates).

However, cryptocurrency miners using renewable energy sources will be charged a tax of at least 1 tenge per kWh, regardless of the costs involved.

After China imposed a crypto mining ban in 2021, Kazakhstan has become a favorite destination for bitcoin miners. Since then, the domestic cryptocurrency mining scenario has worsened because of the lack of power and the large number of mining operators.

Kazakhstan has tried to limit bitcoin mining, impose limits on electricity supply during the cold winter, and close mining utilities in its territory. Some businesses have been forced to relocate or move a large portion of their equipment to another country due to these regulations. Harsh market conditions have pushed many miners to the brink of bankruptcy.

The new tariffs could be the last straw to break the camel’s back. Compass Mining, a Bitcoin mining company, recently laid off 15% of its workers because of harsh market conditions. The company claims that the layoffs were due to “implementing substantial compensation and spending cuts” in the rest of the business.

You can see the coin prices here . 

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Disclaimer :  All For Information Purpose Only And Not To Be Considered As Investment Advice You should do your own research before making an investment decision. Cryptotintuc is not a financial advisor and will not accept any responsibility in connection with your investment.


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