Cryptocurrency price update today July 16, Bitcoin price fluctuates around 20,522.78 USD. According to CoinMarketCap data, the market dominance of the world’s largest cryptocurrency Bitcoin has dropped 0.01 percent to 42.51% percent starting today.
Cryptocurrency price today by market cap
The major cryptocurrencies were trading in a bearish state as of early July 16. The global crypto market capitalization at the time of writing is $922.47 billion already. increased by 0.54% compared to the previous day. On the other hand, the total crypto market volume in the last 24 hours is 60.10 billion dollars already down 21.54%.
The total volume in DeFi is $5.67 billion, representing 9.43 percent of the total 24-hour crypto market volume. The volume of all stablecoins is $54.83 billion, representing 91.22% of the total 24-hour crypto market volume.
Bitcoin price at the time of writing is hovering around $ 20,522.78 . According to CoinMarketCap data, the Bitcoin market dominance of the world’s largest cryptocurrency has dropped by 0.01% to 42.51% starting today.
Bitcoin (BTC) price information and statistics on July 16, 2022
| Total Bitcoins (sum of all currently existing Bitcoin) | 19,094,511 BTC |
| Market Capitalization (market value of all currently existing Bitcoin) | 392,606,490,972 USD |
| Transactions last 24h (Number of transactions in blockchain per day) | 266.225 |
| Transactions Average per hour | 11,093 |
| Bitcoins sent last 24h | 2,912,447 BTC ($59,883,467,534) 15.25% market cap |
| Bitcoins sent Average per hour (last 24h) | 121,352 BTC ($2,495,144,481) |
| Average Transaction value | 10.94 BTC ($224,936) |
| Median Transaction value | 0.025 BTC ($519.53) |
| Average Transaction Fee | 0,000098 BTC ($ 2,01) 0,00000026 BTC / byte |
| Median Transaction Fee | 0.000045 BTC ($0.921) |
| Active Addresses last 24h | 825.360 |
| Bitcoin Mining Profitability | 0.094 USD / Day for 1 THash / s |
As of 8:20 a.m. on July 16, this is the price of the largest virtual currencies (digital currencies) (data from coinmarketcap).
| NAME | PRICE (USD) | 24H (%) |
|---|---|---|
| Bitcoin | 20,547.04 | – 0.58 |
| Ethereum | 1.146.29 | – 0.38 |
| Cardano | 0.4565 | – 1.67 |
| Binance coin | 231.57 | – 1.17 |
| XRP | 0.3254 | – 1.77 |
| Solana | 35.40 | – 1.11 |
| Dogecoin | 0.06529 | – 0.83 |
| polkadot | 6.85 | – 1.69 |
| Shiba Inu | 0.0001102 | – 1.01 |
US legislators are getting ready to draft crypto rules
As crypto winter draws to a close, US lawmakers are getting ready to draft crypto rules.
The Financial Accounting Standards Board’s proposed regulations would cover all erratic movements of cryptocurrencies.
Most importantly, the company’s financial statements will start to include a rise in the price of the cryptocurrency instead of just a drop as it is now, provided the market recovers.
As for the crypto sector, accountants and investors complain about the current approach, which only allows companies holding cryptocurrencies like Bitcoin or Ether to record a drop in value, the rules will go in a different direction.
The FASB has yet to decide on its course of action, but the board discussed valuing cryptocurrencies at fair value, or the price at which an asset would sell in a well-functioning market.
A fair value measurement will accurately reflect the cryptocurrency’s market value, according to advocates, who urged the FASB to act in hundreds of emails sent to the organization last year.
So far, the board has limited its attention to exchange assets, including the most popular cryptocurrencies, like Bitcoin, which are regularly traded and have transparent value.
Non-fungible tokens (NFTs), thus harder to value, likely won’t be subject to any new regulations in the future. The FASB is also not expected to deal with stablecoins, many of which are classified as financial instruments and receive different accounting treatments.
You can see the coin prices here .
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