Bitcoin prices rose marginally and traded close to the $21,000 level as US tech stocks also posted an advance and investors got more insights on the bankruptcy of a major digital-assets lender. The world’s largest cryptocurrency by market capitalization was up more than 13% for the week so if the move holds that would be the biggest gain for such a span since 2021. The digital token is down over 56% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021.

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Crypto tokens witnessed some profit booking as traders tempered bets that the Federal Reserve will increase by 100 basis points in an attempt to control the rising prices. Higher interest rates would make riskier investments like cryptocurrencies and stocks less attractive as investments.

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The global cryptocurrency market cap was at $941.08 billion, up 6.49% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $82.94 billion.

The Bitcoin fear and greed index on Friday, July 15, 2022, went from the extreme fear level of 18 to the level of 15 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.

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Bitcoin is currently trading at $20,785.59, up by 0.78%. In the last 24 hours, the highest it touched was $20,829.49 and the lowest was $19,689.26. Bitcoin has a current market cap of $400,257,033,292. It has a circulating supply of 19,094,081.00. BTC coins have a maximum supply of 21,000,000 coins.

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Sports metaverse launches virtual land sale

The Sports Metaverse has launched the public land sale, where landowners, in the first phase, can acquire a high-quality fan cave. The Sport Metaverse is a virtual world specifically focused on sports. These caves can be used to interact with friends across the world, customize their own NFTs, play pool, stream sports events, advertise and let their land to tenants. Special purpose lands like building a stadium or an auditorium will also be available. It claims to be the first digital world devoted only to sports, uniting prominent sports stars, brands, and clubs together in a place. Users can trade NFTs, meet iconic sportspeople, buy land and visit stadiums.

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Blockchain firm 5ire raises $100M to fund the sustainability-focused project

Indian entrepreneurs Pratik Gauri and Prateek Dwivedi have founded a fifth-generation blockchain network known as 5ire, which aims to incentivize the implementation of United Nations’ sustainable development goals (SDGs) for users of its system.

The project has now raised a total of $121 million in investment. A seed round attracted $21 million from notable tech investors including Alphabit, Marshland Capital, Moonrock Capital, and Launchpool Labs. In a subsequent Series A fundraising round, it secured a $100 million investment from the United Kingdom-based group SRAM & MRAM. 5ire looks to expand its business into Asia, North America, and Europe in addition to its operations center in India.