Bitcoin price today july 4: The market is gloomy, Central African Republic officially launches Sango

Bitcoin price today july 4 and the market for low volatility along with a large decrease in trading volume. The Central African Republic has officially launched Sango, its national digital currency.

Bitcoin price today july 4

Bitcoin Price Today is slightly up and the market is also showing low volatility.

Bitcoin price today recorded at 7:00 am at 19,284.12 USD, up 0.35% compared to 24 hours ago.

The bitcoin price today fluctuates between $18,767.12 and $19,606.47.

In the market, up to 62/100 coins increased in price compared to 24 hours ago.

In which, the highest increase belongs to TerraClassicUSD, up 15.55% on the day.

The coin that fell the most in the market was NEM, which lost 10.71%.

In the top 10, except for Binance USD and Cardano which fell slightly, there are all 8/10 coins that have increased in price compared to 24 hours ago.

Ethereum is up 0.7% on the day, to $1,073.95.

Tether is up 0.01%, currently at $0.9991.

USD Coin is up 0.03% in the last 24 hours, reaching $1.00.

BNB rose to $219.17, 0.58% higher than 24 hours ago.

Binance USD decreased slightly by 0.09%, to 0.9994 USD.

Ripple is up 2.00% on the day, recording at $0.322.

Cardano is down 0.13% over the past 24 hours, to $0.4559.

Solana rose 0.1% from 24 hours ago, recorded at $33.40.

Dogecoin rose slightly by 0.76%, to $0.06722.

The total cryptocurrency market value recorded at 7:00 am at $873.66 billion, an increase of $2.33 billion compared to 24 hours ago.

The day’s trading volume was recorded at 33.46 billion USD, down 22.46% compared to July 3.

Central African Republic Officially Launches Sango

President Faustin-Archange Touadéra of the Central African Republic launched the national digital currency Sango through a virtual radio event on July 3.

With the name “Sango Genesis Event”, the president of the country mentioned the plan to apply bitcoin and digital currency.

“The Sango will be the next generation digital currency of the Central African Republic,” affirmed President Touadéra.

According to him, the Sango coin will act as a “gateway to the natural resources of the Central African Republic”. The Central African Republic government earlier announced plans to digitize the country’s natural resources, including petroleum, diamonds and copper.

The country plans to use Sango to create a digital currency-based economy with the impetus from private investment. This digital economic hub also includes a “digital currency island” on the Oubagui River.

Hervé Ndoba, Minister of Finance of the Central African Republic also appeared at the event and confirmed that the national digital currency is backed by bitcoin. However, it is not clear how many bitcoins guarantee this Sango.

In addition, the Touadéra government insists it wants to adopt blockchain technology to revitalize the country’s digital architecture. The government of the Central African Republic plans to use blockchain to digitize the country’s land registration system.

Circle denies rumors that USDC is in trouble

Circle founder and CEO Jeremy Allaire posted on Twitter on July 2, confirming rumors of the company’s stablecoin USDC collapsing amid a bear market trend.

The first article titled “How to Stabilize” notes that USDC is fully guaranteed:

“USDC has always been backed by the equivalent value of USD assets; USDC reserves are managed and held by leading U.S. financial institutions, including BlackRock and Bank of New York Mellon,” according to the article, before discussing disclosures with reserves and its processes. Circle.

CEO Allaire affirmed: “We always strive to hold ourselves to the highest standards. That allows us to work with leading regulators, insurance companies, and leading financial institutions.”

At the moment, USDC is still pegged 1:1 to USD, according to CoinGecko.

Bitcoin price july 3: Slight decrease, more than 80,000 bitcoin millionaires ‘missing’

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