Our industry experts have prepared a short digest outlining the main news of the crypto market and the most recent updates that have taken place on the HitBTC platform!
In July, the crypto market was finally bullish.
BTC price as of July 31st was $23 817 and reflected a gain of 16,8% from 19,247 as of July 1st.
ETH price showed an even higher increase. The price of Ethereum, the second largest cryptocurrency by market cap, increased from $1 032 on July 1st to $1 704 on July 31st or 56.6%.
The best performing altcoins in July were:
Lido protocol (LDO) rate has increased more than 350% amid the restoration of the stETH/ETH peg.
Bitcoin Gold (BTG) has increased from $15.54 to $33.64
What’s new on HitBTC:
We have added more tokens and trading pairs to our Margin Trading feature:
- x5 leverage on ZIL/BTC, ZIL/USDT, IOST/BTC, IOST/USDT, CAKE/BTC, CAKE/USDT, SNX/BTC, SNX/USDT, STORJ/BTC, STORJ/USDT, KNC/BTC, KNC/USDT, KSM/BTC, KSM/USDT, SRM/BTC, SRM/USDT, LTC/ETH, ENJ/ETH, AAVE/ETH, BAT/ETH
New listings on HitBTC:
Euro Coin (EUROC) is a euro-backed stablecoin issued by Circle under the same full-reserve model as USD Coin (USDC), a trusted dollar digital currency with more than $55 billion in circulation EUROC is available 24/7 and moves at internet speed.
STEPM (GMT) is now available on the Solana blockchain (GMTSOL). Currently, you can deposit and withdraw GST on three blockchains, including ERC20, BEP20 and SOL. GMT is the game token of STEPN — a Web 3.0 lifestyle app with the-built-in fun social elements and gamification design;
Wrapped Everscale (WEVER) is the ERC20 token of Everscale. Everscale is the new name of Free TON project, which has roots in the TON blockchain. Everscale is the unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system;
Banano (BAN) describes itself as a feeless, instant, rich in potassium cryptocurrency powered by directed acyclic graph (DAG) technology that aims to disrupt the meme economy;
Phoenix Global (new) (PHB) is a cryptocurrency, which operates on the BNB Smart Chain (BEP20) platform;
Сrypto wallet App
The HitBTC crypto wallet is a free and simple solution for beginners.
Fees and Limits update
We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here.
HitBTC Mobile App
Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.
This article came directly from HitBTC, at https://hitbtc.com/blog/hitbtc-digest-july-2022-news-of-the-crypto-market-and-hitbtc-platform/