Latest Market News
Bitcoin started the week on a somber note after falling by a sharp 7.5% to break beneath the $45,000 level and reach as low as $43,950 (.382 Fib Retracement) support. The cryptocurrency had fallen from a high of near $53,000 in the first week of September and eventually would find support at $44,800 last week and start to rebound higher from there.
As we move through Q3, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
At the marquee SALT conference, which routinely attracts the biggest names from Wall Street, Bridgewater’s Ray Dalio was asked about the merit of investing in cryptocurrency as a way to mitigate the effects of inflation on fiat currency. Dalio revealed that he holds a considerable amount of his portfolio in Bitcoin, but added that he is concerned about governments stepping in to shut down the blockchain sector if it becomes “really successful.”
By some accounts, there are one billion online gamers globally. That’s one in seven people. But this massive online gaming market that generated 21.1 billion USD in revenues in 2020 is about to be disrupted by blockchain technologies.
Starting with August 20, Binance implemented new changes to its Know Your Customer (KYC) policy, now requiring all its users to complete the ‘Intermediate Verification’ process in order to access the full suite of Binance’s products and services, including cryptocurrency deposits, trades and withdrawals.
Yesterday was quite hectic in the world of blockchain, with two notable platforms experiencing issues that temporarily forced them to go offline. Solana stopped producing blocks for almost 17 hours after bots flooded the network with transactions, and Arbitrum One's Sequencer was down for about 45 minutes.
As we move into the final month of Q3, a number of projects are moving ahead with their development, and look set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The following five coins are set to receive increased amounts of attention over the coming weeks and are definitely the top coins to keep an eye on over September.
Hedera Hashgraph is up by a whopping 97% over the past month of trading as the cryptocurrency sets new all-time high prices near $0.5. The coin started to rise in August to reach $0.28 but went on to explode in September after seeing a 50% price hike over the past week alone.
The Bitcoin volatility is starting to shift the market sentiment. As BTC continues to trend lower from last Tuesday’s market wipeout. This uncertainty is also being reflected in the altcoin market. In this week's top coins to watch article, we featured BOND, EXRD and ADX. Let's check out their charts to see how these assets are currently positioned in the market.
The Cardano mainnet now supports smart contracts, after the Alonzo upgrade successfully going live through at around 21:50 UTC yesterday. The result of the upgrade is that users can now write Plutus scripts and have them executed on the Cardano blockchain.
