CoinLoan Weekly: Crypto Volatility Is Slowing Down

ResearchJul 5, 2021

Bitcoin had seen some ups and downs during the last week, touching $32,940 on July 1, and going up as high as $36,467 on June 29, according to Coinmarketcap.

BTC price (source: Coinmarketcap)

In the last 24 hours, the change amounted to 3.13% down, according to Coinmarketcap, with BTC market dominance staying at 44.87%. At the time of writing, Bitcoin is at $34,371. The asset can be purchased and staked.

As for the second cryptocurrency, Ethereum price was quite stable last week, reaching $1,991, an all-week low on June 28, and two-week high of $2,350 on July 4 (that also going upwards, but at the moment appears to be down by 1.16%. As of July 5, Ethereum is $2,282.

ETH price (source: Coinmarketcap)

Speaking of Ethereum, its London upgrade containing EIP 1559 partially launched on June 24, is supposed to happen in July. Santiment, an analytics platform, provided the data showing that during the last week ETH registered over 750k active addresses, which is more than BTC.

Source: Santiment Twitter

Company even described it as something historic on their Twitter.

Wyoming is on its way of becoming the most crypto-friendly US state. Wyoming has approved cryptocurrency DAO (Decentralized Autonomous Organization). Earlier this year, Wyoming was the first US state to recognize DAO as a distinct form of LLC. Edward Buchanan, Wyoming’s Secretary of State, pointed out that Wyoming has a reputation for being on the leading edge of business technology since 1977 and he is proud to continue this tradition.

CEO of the American CryptoFed DAO, Marian Orr, said that Wyoming is arguably the best blockchain jurisdiction in the world. The American CryptoFed Dao was established on July 1 of 2021 with a purpose of creating and sustaining a monetary system with zero inflation, zero deflation and zero transaction costs.
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The information provided by CoinLoan ("we,” “us” or “our”) in this report is for general informational purposes only. All investment/financial opinions expressed by CoinLoan in this report are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information in this report.

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