Bitcoin Briefly Breaks $11K, Sets New High for 2020 – July 28

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $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 πŸ”₯

πŸ‘‰ Bitcoin Briefly Breaks $11K, Sets New High for 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.

πŸ‘‰ Ethereum Competitor Polkadot Raises $43M in Private Token Sale

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.

πŸ‘‰ China Launches Spin-Off of Telegram’s TON, with Testnet and Airdrop

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.