30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $10,994
Bitcoin price has set a new high for the year, topping out at almost $11,400 before retreating to just below the $11,000 mark today.
Top-20 altcoins have mostly performed well, with Ethereum and XRP being exceptions with 24 hour changes of -3% and 0%, respectively. Bitcoin Cash and Bitcoin SV are each up almost 5%, while Litecoin leads the pack with a 9% rise.
Top Stories for July 28, 2020
Bitcoin rose 13 percent yesterday, in a run that briefly broke the $11,000 mark and set a new high for the year. The previous 2020 high was set in mid-February, at around $10,500.
Analysts predict the Bitcoin may continue its rally in the near future, with a possibility of breaking the $12,000 mark. Metrics such as the increasing number of Bitcoin addresses support the theory.
Polkadot, a blockchain project in competition with Ethereum, has raised $43 million in a private token sale ending this week.
The tokens were reportedly sold for $125 each, in a three-day sale spanning July 24-27. The sale raised almost 4,000 Bitcoin via more than 1,000 transactions.
Polkadot is led by Gavin Wood, an Ethereum co-founder.
A Chinese spin-off of Telegram’s failed TON network has launched their own testnet and begun to airdrop tokens.
The project is designed as a continuation of the original TON project, which was abandoned following the loss of an SEC court case earlier this year.
The post Bitcoin Briefly Breaks $11K, Sets New High for 2020 – July 28 appeared first on BitcoinPrice.com.
Source: Bitcoin Briefly Breaks K, Sets New High for 2020 – July 28