Bitcoin prices fell over 1% and traded slightly below the
$22,000 level on Tuesday, July 19, 2022. However, the prices saw earlier in the
day breaking out of a one-month-old trading range and prompted big jumps in
smaller tokens commonly referred to as altcoins.

Bitcoin has struggled to come
out of a $19,000 to $22,000 range as investors lick their wounds from a rout
sparked by tightening monetary policy and exacerbated by the toppling of crypto
lenders and the TerraUSD stablecoin. 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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The global cryptocurrency market cap was at $1.017
trillion, up 0.15% in the last 24 hours. However, the total cryptocurrency 24
hours trading volume is $106.23 billion.

The Bitcoin fear and greed index on Tuesday, July 19, 2022,
went from the extreme fear level of 20 to the fear level of 30 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 $21,844.21, up by 1.76%. In
the last 24 hours, the highest it touched was $22,795.04 and the lowest was
$21,487.54. Bitcoin has a current market cap of $417,168,880,584. It has a
circulating supply of 19,097,456.00. BTC coins have a maximum supply of
21,000,000 coins.

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Crypto lender Celsius defends Bitcoin mining plans as
bankruptcy kicks off

The New Jersey-based cryptocurrency lender Celsius Network
said bitcoin mining is key to the company’s restructuring efforts at a US
bankruptcy court hearing in Manhattan. Celsius received approval from US
Bankruptcy Judge Martin Glenn to spend $3.7 million in construction costs at a
new bitcoin mining facility and $1.5 million on customs and duties on imported
bitcoin mining rigs.

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RBI may tighten norms for fintechs as customer complaints
increase

The Reserve Bank of India (RBI) is likely to announce new
rules for fintech companies with respect to various aspects including credit
operations and know your customer (KYC) norms, reported Moneycontrol. This is
against the rise in complaints related to some fintechs on charging of usurious
interest rates and other issues including non-compliance with KYC, anti-money
laundering norms (AML), and lack of ownership disclosures.