Bitcoin Closes Close To $ 50,000 As Ethereum’s Vitalik Buterin Gets Time

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ONLY 13 DAYS TO GO …

Crypto at a glance

Bitcoin is above $ 48,000 again this morning as the bulls contemplate another chance to break through the psychologically important $ 50,000 mark.

Yesterday the major cryptocurrency held above the $ 46,000 support level, but can it use the level as a stepping stone as we head into the weekend?

Inflation began to weigh on yesterday, rising from 2% to 3.2% in the UK – the biggest monthly increase in recorded history.

Bitcoin’s fixed supply has long been cited as an antidote to the inflationary aspects of fiat money and their declining value – something that has become even more important as governments increase their money supply to counter the impacts of lockdowns. of COVID-19. Will all aspiring Cassandra be right?

Ethereum is the big winner today, gaining 6% in the last 24 hours to hit over $ 3,600. The payoff comes as Ethereum co-founder Vitalik Buterin is named to Time’s “most influential” list. A milestone for crypto?

The Crypto AM London Blockchain & DeFi Summit and the Crypto AM Awards 2021

Day one will be held at ETC Fenchurch Street and will host the four Crypto AM City of London roundtables so that delegates can meet and network with each other and learn from great discussions and discussions.

Day two will be summit day (streaming and live) at the Leonardo Royal Hotel, St Paul’s, ending with the Black Tie Gala Dinner in the same venue where the 2021 Crypto AM Awards winners will be revealed.

For speaking opportunities, partnership packages or attendance (tickets will be strictly limited and on request), please send an email to: [email protected] using the ‘CRYPTOAM SUMMIT’ subject line.

Summit and Award Announcements

2021 Crypto AM Awards judges announced

Crypto AM is delighted to announce Luno as a Gold Partner

Crypto AM is delighted to announce Cudos as a Gold Partner

Crypto AM is delighted to announce MELD as a Gold Partner

Crypto AM is delighted to announce Umbria Network as a Silver Partner

Would you like to help spread Bitcoin adoption and education in the UK and even stack Sats while you do? Well, now you can!

The Bitcoin pioneers The community, supported by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members across the UK.

We share tips, stories, and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to Luno’s support, each Pioneer gets £ 500 worth of Bitcoin per month to share with newbies, helping them get started.

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All comments on Crypto AM Daily in association with Luno are welcome by email at [email protected] 🙏🏻

Crypto AM Daily yesterday in association with Luno

Bitcoin price

On the stairs

The Bitcoin Economy

* Definitions and information can be found at https://bytetree.com/insights/

Total crypto market capitalization

The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 2,196,202,044,098.

What Bitcoin Did Yesterday

We closed yesterday September 15, 2021, at the price of $ 48,176.35 against $ 47,092,497 the day before. Yesterday’s daily high was $ 48,450.47 and the daily low was $ 46,773.33.

Around the same time last year, the price of Bitcoin closed the day at $ 10,974.90. In 2019, it closed at $ 10,276.79.

Bitcoin market capitalization

Bitcoin’s market cap at the time of writing is $ 910.15 billion. To put it in context, the market cap of gold is $ 11.355 billion and Facebook is $ 1.054 billion.

Bitcoin volume

The total volume of spot transactions reported by all exchanges in the last 24 hours was $ 31,989,406,886, compared to 34,010,724,920 the day before. High volumes can indicate that a significant price movement has stronger support and is more likely to be supported.

Volatility

Bitcoin price volatility over the past 30 days is 46.41%.

Index of fear and greed

Market sentiment today is 53.

The domination of the Bitcoin market

The dominance of the Bitcoin market today is 41.16His lowest dominance on record was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 54.41. Values ​​of 70 or more indicate that an asset is becoming overbought and may be ready for a trend reversal or price correction – an RSI reading of 30 or less indicates an oversold or undervalued condition.

Convince Your Nan: Soundbite of the Day

“We think the price will be ten times what it is today, so instead of $ 45,000, [it would be] over $ 500,000. ”

Cathie Wood, CEO of Ark Investment Management (Ark Invest)

What they said yesterday

The future is closer than you think …

In other words: they hold a lot of Bitcoin …

What happens next?

Crypto AM: Editor’s Choice

Cardano Alonzo upgrade sees 100 smart contracts in the first 24 hours

Cardano Coin
(Getty Images)

Morgan Stanley to launch new research team led by Sheena Shah

Morgan stanley
(AFP via Getty Images)

Bitcoin can now be purchased using the Post Office app

Royal Mail undecided on further post office closures
(Getty Images)

Simon Nixon Tells Seek Ventures To Increase Bitcoin Investments

Bitcoin breaks $ 50,000 as Magic Monday gives cryptocurrencies a green start to the week

Gibraltar to host first international post-pandemic crypto event

CV Labs Partnership Launches UK Crypto Firm Evai on Bittrex Global Exchange

Crypto AM: Features

Crypto AM: Spotlight

Crypto AM: Founders Series

Crypto AM: voice of the industry

Crypto AM: Contributors

Crypto AM: In conversation with James Bowater

Crypto AM: The Money of Tomorrow with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

Crypto AM: Visions of the Future, Past and Present with Alex Lightman

Crypto AM: Tiptoe Through Crypto With Monty Munford

Crypto AM: Remove One Byte From Digital Assets With Jonny Fry

Crypto AM: Parliamentary Special

First part of two – April 2021

Part two of two – April 2021

Five-part series – March 2021

Day one…

Day two …

Day three …

Day four …

Fifth day…

Crypto AM: events

For those of you who missed the 2021 Crypto AM DeFi & Digital Inclusion Online Summit – you can now watch the two-part event via YouTube:

Part one …

Second part…

Cautionary Notes

It is certainly tempting to get carried away by the excitement, but please heed these warning words: do your own research, invest only what you can afford, and make the right decisions. The indicators in this article will hopefully help you. Remember though, The content of this article is for informational purposes only and does not constitute investment advice or any form of recommendation or invitation. City AM, Crypto AM, and Luno always advise you to get your own independent financial advice before investing or trading in cryptocurrency.

All information correct at 08:00 BST





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