Daily update: September 21st, 2021

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Here you will find our daily update, which will provide you with all the main information and events on the crypto markets for the previous day.

Crypto market update

Financial markets are now worried about the outcome of the Evergrande saga, which influenced crypto markets as well. Bitcoin lost in a matter of hours several thousand dollars and dumped to a low of $42,500 and after a short rebounce the asset dumped all the way down to $40,200. This is the lowest price point since early August. As of now, Bitcoin has recovered somewhat and now is above $43,000. Altcoins followed their leader again with even bigger price dumps. Ethereum dropped from $3,400 to $2,800, which became its lowest level since August 6th. The cryptocurrency market cap briefly dopped below $1.8 trillion yesterday. This meant a daily loss of over $300 billion and roughly $400 billion since Sunday.

Bitcoin (BTC) is now trading at 43,386 USD (all data from Coingecko.com)

Ethereum (ETH) is now at 3,081 USD

PlatonCoin (PLTC) is now at 0,532 USD

Total marketcap is currently at 2.015 trillion USD

Tip: Week 38 – Overview of fundamentals and markets

Daily news update

Newsweek poll on crypto: Approximately one third of voters living in swing states in the United States are in favor of cryptocurrencies as a form of payment in their state, according to a Newsweek poll. The poll, which was conducted by Redfield and Wilton Strategies, found that between 28% and 37% of voters—from Arizona and both Texas and Wisconsin respectively—would vote “yes” to a ballot that would make cryptocurrency legal. The poll surveyed over 9,700 eligible voters.

DOGE millionaire lost 500 000 USD: Twitter-famous Dogecoin holder Glauber Contessoto, known as the “DOGE millionaire” who keeps losing and regaining that informal status as DOGE goes up and down, has tweeted that, in the past month, he has lost nearly half a million USD on his favorite meme cryptocurrency.

RobinHood has cryptowallet: The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies. A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg. There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Binance reducing services in Australia: Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia. Existing Binance users in Australia will have 90 days to reduce and close their positions for products like cryptocurrency futures, options and leveraged tokens, the exchange announced Sept. 20.

Coinbase cancels lending due to SEC: Coinbase announced in an updated blog post that it would no longer launch the USDC APY program, and it has discontinued the waitlist for the program. The post reads: “As we continue our work to seek regulatory clarity for the crypto industry as a whole, we’ve made the difficult decision not to launch the USDC APY program.”

Frank Miller and NFT from Sin City: Frank Miller is a legend in comics, graphic novels, and film. Known for his hard-boiled storytelling and gritty film noir aesthetic, Frank is the creative force behind iconic titles such as The Dark Knight Returns, Daredevil, 300, and Sin City. Working with Gala Labs and Art House, Frank is about to drop an NFT collection based on the Sin City metaverse.

Miners have BTC worth 600 mil. USD: Bitcoin miners are accumulating bitcoins as the network hash rate continues to recover, according to on-chain analytics provider Glassnode. Miner BTC balances are increasing, with wallets associated with miners having stockpiled 14,000 BTC worth roughly $600 million over the past six and a half months. The report also noted that the bull markets of 2020 and 2021 have seen miners hold onto a larger portion of their rewards than in previous market cycles.

Deutsche Boerse and crypto: Deutsche Boerse officially announced on Sept. 21 that VanEck’s new ETNs on Polkadot (DOT), Solana (SOL) and Tron (TRX) are now tradable on its digital stock exchange Xetra and the Frankfurt Stock Exchange. “All crypto ETNs tradable on Xetra are physically collateralized and listed on the Regulated Market of the Frankfurt Stock Exchange,” the announcement reads.

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