Biggest Gainers: Tezos and Atom
Tezos and Atom are two of the biggest gainers in terms of price over the past 24 hours. Bitcoin's price remains below $20,000.
After the recent volatility spike, bitcoin has calmed down and is now far below the $20,000 mark. Most other cryptocurrencies are also quite stagnant on a 24-hour scale, with the exception of ATOM and XTZ.
Bitcoin Hasn't Risen Above $20K
The majority of the investors in Q2, which turned out to be one of bitcoin's worst quarters ever, were bearish on BTC. Since then, the coin has been falling in value.
The cryptocurrency was trading at above $21,000 until June 28, but then the bears reappeared. At first, they drove BTC down to $20,000, where it remained for some time.
In the end, it fell below that level and marked a new 10-day low of under $19,000.
The asset's price increased sharply to just under $21,000 at that point.
The price of bitcoin rose above $20,000 for a short period of time but quickly fell back to below $20,000. Since then, the asset has lost a little more value and now stands just inches above $19,000. Its market cap is at $365 billion.
Bitcoin News That's Notable
VanEck is going to try again by applying for another spot Bitcoin ETF with the SEC, after failing in the past.
The CFTC is investigating its largest BTC-related scam that involved $1.7 billion in the cryptocurrency, as it described.
Bitcoin could have yet to reach the bottom, which could be at $15,000. That's what several on-chain indicators showed.
XTZ and ATOM are the leaders in this field.
The altcoins were equally volatile at the end of the week, but they are now calm.
Ethereum's price remains above $1,000, but it has lost over $200 in the past few days. BNB is just under $220, following a minor drop in price.
On a daily basis, LEO is down by more than 5%, while Cardano and Shiba Inu are slightly in the red. Ripple is down by a bit more than that.
In contrast, Solana, Dogecoin, Polkadot, and Tron have seen insignificant gains. The price increases of ATOM and XTZ are more impressive - up by 8% and 7%, respectively.
As of now, the total market capitalization of the cryptocurrency sector is below $900 billion.
Industry News
The crypto-focused hedge fund 3AC, which has been suffering from losses, filed for bankruptcy. In addition, Voyager Digital had to halt withdrawals because of its exposure to Three Arrows.
The European Commission and other member states have agreed to impose strict regulations on the crypto industry.
Coinbase denied the recent claims that it had sold sensitive user information to the US government.
