BTC shows diminutive revival and soars back above $9,500. Despite afflictions in price, the crypto community maintains a bullish stance. Bitcoin dominates 70% of the cryptocurrency market, first-ever since March 2017.
Binance Research reports that China’s Central Bank Digital Currency (CBDC) will require no bank accounts for its transfer. Transactions will uphold user anonymity. PBoC aims to boost CBDC’s circulation by offering privacy.
Current Bitcoin Price – $9,591.70
Yesterday, Bitcoin opened at a price of $9,756.79. The fluctuations drove it to the lowest value of $9,421.63 and the highest value of $9,756.79 in 24 hours. Bitcoin closed at $9,510.20 and a decrease of 2.53% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 51.43%.
Current Ethereum Price – $169.06
Yesterday, Ethereum opened at $173.96. The fluctuations drove it to the lowest value of $167.17 and the highest value of $174.00 in 24 hours. Ethereum closed at $169.52 and saw a decrease of 2.55% throughout the day.
The crypto coin is still below its all-time high value of $1,432.88 by 87.85%.
Current Cardano Price – $0.045189
Yesterday, Cardano opened at $0.045835. The fluctuations drove it to the lowest value of $0.043396 and the highest value of $0.045835 in 24 hours. Cardano closed at $0.044697 and saw a decrease of 2.48% throughout the day.
The crypto coin is still below its all-time high value of $1.33 by 96.55%.
Bitcoin Market Cap
The day ended with $171,590,471,265 for the Bitcoin Market Cap.
Ethereum Market cap
The day ended with $18,272,060,828 for the Ethereum Market Cap.
Cardano Market cap
The day ended with $1,174,257,054 for the Cardano Market Cap.
Bitcoin Trading Volume
The 24-hour trading volume of Bitcoin – $15,186,481,764
Ethereum Trading Volume
The 24-hour trading volume of Ethereum – $6,439,641,406
Cardano Trading Volume
The 24-hour trading volume of Cardano – $43,218,710
Crypto enthusiasts beware of these whales
- 522,552,400 XRP ($132,446,490) transferred from an Ripple to an Unknown wallet. Transaction ID: 4747DC17130EA2D95FC03CEAC1FC2843F55058EFB643EF7EE4C80C797DD7F81D
- 20,000,000 USDC ($20,036,056) transferred from USDC treasury to an Unknown wallet. Transaction ID: 0x999690fdfe6cf2f00dc453fe4a4c06c24dc480331c5f6eea141fd030226eb0b0
- 2,000 BTC ($19,010,858) transferred from Bitfinex to an Unknown wallet. Transaction ID: 87770a54b3104338ae95ca7dbaea97d9bb87b22fa95bd16d3faababb2a460c14
CNBC posted a 5 month old article on its twitter that highlighted the deception involved in Bitcoin’s trading.
The re-surfacing of an old article during BTC price drop didn’t escape the attention of Twitter users.
An article that appeared on march has been shared today – 5 months later . This has been shared when the price is under pressure😇. 🤓
— Nilanjon (@Nilanjon1) August 30, 2019
— thewall0fjerich0 (@jeck_physique) August 30, 2019
What to expect today?
Portugal Tax Authority exempts tax on cryptocurrency trading and payments. Mining firms don’t need to pay VAT when selling cryptocurrencies.
Though currently a feast for the public, will it turn into a ‘treat now, trick later?’