Bitcoin breaks through $11,200, with 24-hour trading volume exceeding $90 billion

For Bitcoin investors, $10,000 is an important psychological threshold.

On July 28, the price of Bitcoin not only exceeded $10,000, but also broke through $11,200 per coin at one point. Calculated in RMB, it exceeded 77,700 yuan.

Data from the bitstamp trading platform showed that the Bitcoin transaction volume reached US$94.245 billion in the past 24 hours.

Image source: Good Chain

Recently, there has been a lot of news in the field of digital currency. On July 23, the Central Bank of Lithuania in northeastern Europe released the world's first digital collectible currency "LBcoin" based on blockchain technology. According to the Central Bank of Lithuania, the main purpose of "LBcoin" is commemorative collection, not for various payment circulation scenarios, and it is not a central bank digital currency (CBDC).

The LBcoin has a face value of 19.18 euros and consists of six digital tokens and one physical silver coin. Users who purchase LBcoin will first receive a set of six digital tokens, which can then be exchanged for a physical silver coin the size of a credit card, which can be exchanged for legal tender.

Earlier, on July 20, Japan's Kyodo News reported that the Group of Seven, including Japan, the United States and Europe, have basically decided to cooperate in issuing central bank digital currencies and plan to hold a summit in the United States at the end of August.

More strikingly, Bloomberg reported that on July 25, a U.S. federal court stated that virtual currency Bitcoin is a "currency" covered by the Washington DC Money Transmitter Act. This is a rare official support for Bitcoin. As soon as the words were spoken, Bitcoin rose.