1. Weekly Market Review

1.1 Market overview

The cryptocurrency market spent most of its day recovering from the move that brought Bitcoin to $9,000. Bitcoin is currently trading for $9,119, which represents a decrease of 0.85% on the day. Meanwhile, Ethereum lost 1.88% on the day, while XRP lost 1.37%.

Source (Daily Crypto Sector Heat Map)

When talking about top100 cryptocurrencies, Ampleforth gained 28.69% on the day, making it by far the most prominent daily gainer. Algorand (24.57%) and Aurora (16.45%) also did great. On the other hand, Divi has lost 8.28%, making it the most prominent daily loser. It is followed by Nexo’s loss of 7.12% and Elrond’s loss of 6.55%.

Top 10 24-hour Performers

Source (CoinMarketCap)

Bottom 10 24-hour Performers

Source (CoinMarketCap)

2. Technical Statistics

2.1 Activity Statistics

Bitcoin’s dominance level increased slightly since we last reported, with its value currently at 62.83%. This value represents a 0.11% difference to the upside when compared to yesterday’s value. (forex.academy)

Source (CoinMarketCap)

The cryptocurrency market capitalization decreased slightly when compared to when we last reported, with the market’s current value being $269.69 billion. This value represents a decrease of $2.84 billion when compared to the value it had yesterday.

2.2 Community Activity Statistic

Bitcoin

The largest cryptocurrency by market capitalization started the day quite rough, with its price dropping to $9,000 as bearish influence and volume increased. However, the price quickly retraced back above the $9,120 level, where it is currently consolidating. However, Bitcoin is approaching the descending trend line, which fell under during its drop to $9,000, which may cause the price to move once again.

BTC traders should look for a trade opportunity when Bitcoin reacts to the descending trend line. (forex.academy)

Source (CoinMarketCap)

Ethereum

Ethereum started the day by being rejected from the $240 level, therefore triggering a fall towards the $228 level. The second-largest cryptocurrency by market capitalization managed to stop its price drop at $229 and slowly start to recover and consolidate. While the price is on a slow path towards the upside, the ultimate short-term direction of Ethereum is unknown.

Ethereum traders should look for an opportunity when Ethereum approaches the $240 level. (forex.academy)

Source (CoinMarketCap)

Ripple

The third-largest cryptocurrency by market cap was no exception to how the price action played out. The day started with a sharp price drop, which brought the price below $0.19. However, XRP quickly recovered and got on a slow upward trend, which may be stopped by the moving averages above it. If, however, XRP manages to pass them, the $0.2 resistance level will still pose a big problem.

XRP traders can look for an opportunity to trade when the volume increases, and the trend becomes clear enough, as the low volume and volatility are certainly not ideal for trading at the moment. (forex.academy)

Source (CoinMarketCap)

3. Weekly Blockchain News Review

1. Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).  (https://blockchain.news/)




2. Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut

The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses.

 

As reported by a local news outlet on July 16, this development ushers in the third development phase of the nation’s CBDC before a public debut. 

Hong Kong Monetary Authority Involvement

According to the announcement, The Bank of Thailand intends to carry out transactions using the CBDC with the Hong Kong Monetary Authority come September. (https://blockchain.news/)

3. Coffee Company to Use IBM Blockchain to Connect Farmers And Consumers




The American food manufacturer collaborated with Farmer Connect to leverage IBM Blockchain to trace the coffee beans of Smucker’s popular 1850 Coffee brand. Farmer Connect is an organization dedicated to increasing transparency and sustainability in agriculture supply chains. Smucker’s 1850 Coffee brand will be the first brand in the United States to introduce Farmer Connect’s very own “Thank My Farmer” mobile app. This mobile application will allow consumers to trace coffee products they bought back to its original source.  (https://blockchain.news/)

4. Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country.



According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage. 

According to a local report, blockchain is a breakthrough technology that allows data sharing to be more efficient, with electronic certificates stored on-chain, while improving the credibility and verification efficiency.  (https://blockchain.news/)

 

Amanpuri · Platform Information

AMANPURI EXCHANGE is an exchange that you can trade Bitcoin derivative with up to 200x leverage.

AMANPURI EXCHANGE was created based on the investors who have high potential in cryptocurrency market and are eager for convenient trading.

AMANPURI EXCHANGE is always aiming to provide the investors with simple operation experience and holds the concept to create a “ultimate cryptocurrency exchange”

(Latest Announcement)

Announcement the XRP wallet update and trading pairs suspend of XRP/USDT XRP/BTC Trading pair

(Technical Updates)

- IFDOCO order development 25%(Pending)

- User PNL Chart 60% (Pending)

- iOS and Android APP update soon.

- MAM

(Operasi Platform)

- Our leverage trading details this week. (July 13 - 19)

Funding rate history

Insurance fund balance (No change)

Leaderboard Ranking (Top 3 by ROE)

Rank	Team Name	ID	ROE(Avg.)	Team Volume
1	たかしま、えりな、美咲、ねこチーム	38	3.96%	426.29381213 BTC
2	USA derivative wolves	28	2.41%	182.02916236 BTC
3	MinerPokkun	14	1.52%	29.54362836 BTC
4	COIN GIRLS (https://coin-girls.com/)	23	1.48%	401.47733311 BTC
5	masa	22	1.43%	44.66556646 BTC

(About Us:)

- AMANPURI Exchange introduction
- Registration guide
- Deposit guide
- How to Trade, Spot Trading

- Margin Trading Overview
- Margin Exchange guide

(Contact Us)

Website: https://amanpuri.io

E-mail：kim@amanpuri.io

Telegram: https://t.me/amanpurichat

Twitter: https://twitter.com/AMANPURIEX

Facebook: https://www.facebook.com/amanpuriexchange


(Disclaimer)

1. Amanpuri does not have any form of association with Blockchain projects or other third-parties mentioned in this report that could jeopardize the objectivity, independence and fairness of this report.

2. All outside information, data referenced in this report is from compliant and legitimate sources that we deem as reliable, and Amanpuri have conducted the due diligence concerning its authenticity, accuracy and completeness, but such due diligence does not provide any guarantee.

3. This report is only for reference purposes. Conclusions and viewpoints in the report do not constitute any form of investment advice on crypto assets. Amanpuri is not responsible for any losses resulting from the use of this report, unless stipulated by law. Under no circumstances should the readers give up their own investment analysis and judgements.

4. This report only reflects the opinions from Amanpuri on the day it was finalized. Future market condition changes may lead to updates of such judgements.

5. The report is copyrighted by Amanpuri, please cite the source when quote, and get approval from us when large amount of contents is referenced. Under no circumstances is reference, abridgment and modification contrary to original intention permitted.