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Bitcoin has fallen in price, and ethereum has risen in price

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cryptonotes
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Bitcoin on Monday, September 5, bitcoin fell by 1.02%, to $19,796. Ethereum, on the contrary, rose in price by 2.44%, to $1617, Ether Classic - by 22%, to $39.65. The share of ether exceeded 20%. Ethereum classic is getting more expensive against the backdrop of an increase in the hash rate and the transition of miners from the air. In the coming days, Ethereum will switch to Proof-of-Stake and miners will no longer be able to mine it. The cue ball was in pain from the decline in stock index futures, as well as the flow of capital from the cue ball to ether and ether classic.

In the US yesterday was a public holiday (Labor Day). If today the situation does not worsen in the stock market and the ether does not turn down, then bitcoin will follow it to $20,500. And so on the day the situation on the cue ball remains critical. Buyers fail to fight off the zone of 18-19 thousand. An unexpected fart will flow.

Daily review

  • Crypto market capitalization: $0.995 trillion (+$19 billion);
  • Dominance: BTC - 38.1%, ETH - 20.4%;
  • Index of fear and greed: 22 (extreme fear) against 23 the day before.

Crypto world news

  • Starting September 29, Binance will no longer support USDC, USDP, and TUSD stablecoins. The exchange converts current balances in these currencies into its own stablecoin BUSD at the rate of 1:1. Clients will be able to withdraw USDC, USDP and TUSD to their wallets further.

  • The UK authorities have published new rules for cryptocurrency exchanges. Tighter controls are needed to prevent states under sanctions from using digital currencies to circumvent Western restrictions.

  • ETC, the Ethereum Classic token, has recorded double-digit gains over the past 24 hours as of Tuesday morning in Asia. Its hashrate hit an all-time high on Monday as miners look for alternatives in anticipation of a "merger".

  • According to Ethernodes, 73.5% of Ethereum nodes are now marked as “Merge Ready” ahead of the upcoming Bellatrix update for Ethereum on September 6th. The Bellatrix update is seen as one of the last necessary steps before the official merger that will see Ethereum move to a Proof-of-Stake consensus mechanism between September 10 and 20.

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