What Happened on the Crypto Market While Everyone Was Asleep – July 22 Review

Elon Musk’s company SpaceX invests in cryptocurrencies, Robinhood is preparing to pay a fine, major cryptocurrencies are getting more expensive – these and other news on the morning of July 22 in our review.

Bitcoin (BTC) formed a local maximum in the $ 32,400 area and began a correction. As of 06:29 (Moscow time), the cryptocurrency is trading at $ 31,934.

Bitcoin price chart. Source: TradingView

Read also: The Rothschilds buy BTC while it is cheap

The second largest cryptocurrency by capitalization – Ethereum – failed to gain a foothold above the key mark of $ 2,000. As of this writing, the coin is trading at $ 1971.

Ethereum price chart. Source: TradingView

Read also: ETH price jumped 6% after withdrawing 100,000 ETH from Gemini – Gadgets 360

In the top 10 most capitalized cryptocurrencies, Ethereum (+ 9.51%) showed the best daily result. During the week, all coins, with the exception of the stablecoins Tether and USD Coin, lost in value. The largest losses were recorded at Polkadot (-12.85%).

Top 10 most capitalized cryptocurrencies. Source: CoinMarketCap

In the top 100 most capitalized cryptocurrencies, Axie Infinity (+ 35.74%) showed the best daily growth, and NEM (+ 17.63%) over the week. During the last 24 hours, UNUS SED LEO (-16.45%) has been losing more actively than others. The largest losses for the week were recorded at THORChain (-27.50%).

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Breaking news on the morning of July 22

  • Elon Musk spoke about the crypto investments of the space technology manufacturer SpaceX, which he controls. The businessman shared information about this during a speech at The B Word conference. The Block.

According to Elon Musk, SpaceX has invested in bitcoin. He did not disclose the amount. We will remind, earlier another company controlled by the businessman – Tesla – invested in BTC.

  • Goldman Sachs, one of the world’s largest investment banks, revealed that more than half of wealthy family offices want to invest in cryptocurrency. Writes about it Bloomberg.

About 15% of family offices – clients of Goldman Sachs – have already invested in cryptocurrency, according to a financial institution. Another 45% of market participants surveyed by the bank plan to invest in digital assets.

  • Online broker Robinhood will pay a fine of $ 30 million. This information appeared in the report of the US Securities and Exchange Commission (SEC).

The reason for imposing a fine on Robinhood was insufficient, according to regulators, measures aimed at combating money laundering in operations with cryptocurrencies.

Read also: Robinhood Goes to IPO with a Goal of $ 35 Billion

We will remind, earlier in the network there was information that Beijing urged not to politicize the Olympic Games because of the digital yuan.


All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website.


Karice Dabule

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