Crypto News of the Day (28.7.) | Bitcoin continues to grow, reaches another target, 11,000 USD • Revolut adds the possibility of trading in XLM • and other news

We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld. Welcome to crypto news of the day.

Markets

The price of Bitcoin has pushed over $ 11,000 in the last few hours, reaching a new ATH for 2020 at $ 11,394. The stock markets showed impressive growth on Monday, led by Amazon and Apple, so the shares of tech companies are growing mainly due to expectations of a new stimulus package from the US government.

You can monitor the current prices of cryptocurrencies here.

Cryptocurrencies

$ 500 million in bitcon positions liquidated within 24 hours of BTC growth

Bitcoin has seen a sharp rise in prices in recent days.With growth reaching more than 13% in 24 hours. This price action was expected by many market commentators. However, the data suggest that many positions have also been reached by bitcoin traders, suggesting that they did not expect the asset to move as fast. The data suggests that in the last 24 hours, more than $ 500 million worth of leveraged bitcoin positions (long and short) have been liquidated.

Bitcoin is also trending on Twitter and in the mainstream media

Bitcoin, which now has its own emoji on Twitter thanks to Jack Dorsey, has been trending 61,000 tweets in the US in the last 24 hours. Financial intelligence media such as Fortune, Bloomberg, MarketWatch, CNBC and Kitco have also increased coverage of the asset over the past 24 hours.

Cryptocurrency exchanges, Banks, Companies

Revolut adds the possibility of trading with XLM, so far only somewhere

Revolut said that customers will now be able to trade and keep XLM on the platform. According to the statement, the addition of Stellar was a response to “overwhelming demand” from users. Revolut currently supports a total of six cryptocurrencies, including BTC, ETH, XRP and BCH. XLM is currently only available in some countries.

BTC Futures at BAKKT have reached a new ATH

The volume of bitcoin futures traded by Bakkt set a new record on July 27, reaching a total of 11,509 contracts. With each contract representing 1 BTC, there was a move of about $ 127 million yesterday. It is worth noting that the last historically highest volume of trading on 19 December 2019 has only 6,312 contracts.

P2P LocalBitcoins introduces transaction monitoring over Elliptic

The well-known peer-to-peer platform LocalBitcoins, originally for its anonymous bitcoin swaps, has added two blockchain tracking tools from the analytical company Elliptic, as it continues to eliminate opportunities for criminal cryptocurrency trading.

The hackers moved $ 27 million in crypto from the Bitfinex crypto exchange hack

Whale Alert announced nine transfers of funds linked to the 2016 Bitfinex crypto exchange hack. Bitfinex was hacked in August 2016 and a security breach resulted in the theft of nearly 120,000 BTC – worth $ 72 million at the then-current prices. The crypto exchnage later replaced this loss and created a token as a means of compensating the victims.

Blockchain, Technology

Blockchain’s Polkadot received an investment of $ 43 million

The Polkadot project raised $ 43.3 million by selling private tokens. The sale, which lasted three days from July 24 to 27, involved several investors. In total, they contributed almost 3,982 bitcoins through 1,059 transactions, according to the address associated with Polkadot. Through the sale, investors received native Polkadot DOT tokens, which were reportedly available for $ 125 apiece.

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