Tamil₿TC -தமிழ்பிடீசி
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Top 10 #cryptocurrecy by Market Cap from 2013 - 2022

- Top 10 always changes. Tough competition.
-
$BTC is 👑  and the only one to remain from 2013
-
$ETH has remained 🥈 from 2016
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$DOGE is the only meme token in the Top 10 club

What's your guess on the Top 10 by 2022? 👇
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Solana Total Supply ‘Misleading’: Claims Could Put Crypto Industry In Trouble

https://coingape.com/solana-total-supply-misleading-claims-could-put-crypto-in-trouble-sol/?utm_source=cgtelegram
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Good News! Talaxeum salah satu partner cryptoiz ann strategic investment dari BTS Ventures 🚀🚀🚀
Source : https://twitter.com/bts_ventures/status/1544999581469257728?s=21
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50% of the BTC Holders are Still in Profit

Bitcoin price after rising beyond $20,000 has been able to maintain strongly above these levels strongly from the past couple of days. After flipping from the lower bottom a couple of times, the asset is now heading towards the neckline of the double-bottom pattern that resides at around $21,500.

The BTC price has slashed down heavily by more than 70%, but still, nearly half of the addresses are still in profit. According to the data from an on-chain platform, more than 23 million addresses are in profit out of 41.71 million addresses, while nearly 22 million addresses are in loss. Interestingly, out of the total 41 million addresses, nearly 28.41 million addresses are holding the asset for more than a year. Therefore, it can be said that the address which is in profit may largely belong to the long-term holders. Adding to substance, the long-term holders ever since the 2015 crash, the long-term holders are on a rise.

Source

https://t.me/tamil_btc
🔴Over $60M short liquidations within 5 hours
El Salvador's Bitcoin wallet Chivo scores $52M in remittances in 2022

Salvadorans
living abroad have sent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank.Douglas Rodríguez, president of the El Salvador central bank, unpacked the general economic outlook for the country on the local television news program Frente a Frente on Wednesday.

Chivo was launched in September 2021 as the Central American country became the first in the world to adopt Bitcoin (BTC) as legal tender. The launch of the app reportedly attracted more than 2 million users in less than a month, leading to major teething problems for the state-endorsed payment platform.The government-sanctioned payment service provider was relaunched in February this year, necessitated by the onboarding of an estimated 4 million users looking to make use of low fees for payments and transfers made in BTC.
Indian Crypto Taxes Crush Trade Volumes as Local Exchanges Eye Exodus

Trading volumes across crypto exchanges in India have plummeted after a new transaction tax law was recently enforced.According to this rule, it’s now mandatory for exchanges to deduct 1% of the transactional value from the buyer. That amount should then be paid as taxes to the Government.

Following the tax’s implementation last week, the trading volumes across exchanges including WazirX, ZebPay, and CoinDCX fell by at least 50%.On June 30, Binance-backed WazirX hosted a daily trading volume of $14.23 million which slipped to just $5.32 million on July 1. It then dropped as low as $2.73 million on July 3, according to data from Nomics. Though Chainalysis reported that India ranked second for cryptocurrency adoption, the increased tax burden and current bear market have pushed some firms to migrate to crypto-friendlier nations including Dubai and Singapore.

Source

@tamil_btc
Over the last two years, the dominance of #Tether has been in macro decline.

$USDT has fallen from 88.3% of the stablecoin market, to 45.2% today, now less than half of the market.

$USDC dominance has grown 4.2x, $BUSD by 7.5x, and $DAI by 3.9x over the same 2y timeframe.
37.87% of #BTC's supply can be bought by all the major stablecoins. When there is an abundance of stablecoins, it can buy more #Bitcoin. The buying leads to increase in price.