Bitcoin cryptocurrency price today July 16, 2022: Bitcoin, Ethereum bad status, US ready for crypto rules

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.

Bitcoin Cryptocurrency Price Today
Overview of the digital currency market on July 16, 2022. (Source:  Coin360 ).

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)
Transactions Average per hour11,093
Bitcoins sent last 24h2,912,447 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 value10.94 BTC ($224,936)
Median Transaction value0.025 BTC ($519.53)
Average Transaction Fee0,000098 BTC ($ 2,01) 0,00000026 BTC / byte
Median Transaction Fee0.000045 BTC ($0.921)
Active Addresses last 24h825.360
Bitcoin Mining Profitability0.094 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 8:20 a.m. on July 16, this is the price of the largest virtual currencies (digital currencies) (data from coinmarketcap).

Bitcoin20,547.04– 0.58
Ethereum1.146.29– 0.38
Cardano0.4565– 1.67
Binance coin231.57– 1.17
XRP0.3254– 1.77
Solana35.40– 1.11
Dogecoin0.06529– 0.83
polkadot6.85– 1.69
Shiba Inu0.0001102– 1.01
Total crypto market volume in the last 24 hours is $71.82 billion down 29.8%

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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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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