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Bitcoin Daily: Bitcoin Gets Back Above $30,000


Bitcoin could be on the way back up after a period of decline, CNBC writes.

The biggest cryptocurrency was able to boost above $30,000 on Wednesday (July 21), the report says.

The price of bitcoin was trading at $32,765, according to numbers from CoinMetrics.

Ether and XRP, while not as big as bitcoin, also rebounded, with raises of 10 percent and 7 percent respectively.

This is a reversal of how the crypto market has been going, with significant selling Tuesday (July 22) causing bitcoin to fall below $30,000. That also came as the New Jersey attorney general issued a cease and desist order against BlockFi to stop it from offering interest bearing accounts, along with crackdowns on crypto from China in recent months.

Also, FinTech Upgrade, Inc., which offers credit services, has rolled out the Upgrade Bitcoin Rewards Card, which is intended to promote bitcoin and responsible credit, a press release says.

“Upgrade Card is already delivering over $3 billion in annualized credit to consumers,” said Renaud Laplanche, co-founder and CEO at Upgrade. “Starting today, anyone can apply for an Upgrade Bitcoin Rewards Card and enjoy the same affordable and responsible credit as with any Upgrade Card, plus the potential upside and fun of owning bitcoin.”

The Upgrade Bitcoin Rewards Card, like other Upgrade cards, allows for the turning of every balance into a fixed-rate installment plan, letting users reap rewards as they pay off their balances.

The report notes that the custody and trading platform for the card is provided by NYDIG, and the card is a Visa Signature, which means it comes with baggage insurance, purchase protection and extended warranty coverage.

Meanwhile, cryptocurrency mining firm Argo Blockchain has announced its plans to go public in the U.S., a London Stock Exchange press release says.

The release says the firm plans to go public in the third quarter of 2021.

Also, Reuters reports that Tesla CEO Elon Musk has said the company plans to start accepting bitcoin again for payments — after it collects information on the amount of energy needed to mine the currency.

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