Market Update 9.21.18 – BTC Donations for Political Campaigns Banned
Market News
BTC Donations for Political Campaigns Banned
The State of California has now officially banned political donations in the form of cryptocurrency, especially Bitcoin. The Fair Political Practices Commission (FPPC) for California, in a 3 to 1 vote, issued this new ruling, giving the reason that it was difficult to track the origins of such donations and therefore there would be issues related to political transparency.
In August, the FPPC has discussed a number of issues related to the elections and one of them was whether cryptocurrencies should be allowed as political donations in campaigns.
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BTC “Seller Fatigue” Indicating Market Has Bottomed
During the Yahoo! Finance’s 2nd annual All Markets Summit, the Chief Executive Officer of Galaxy Digital as well as Bitcoin enthusiast, Michael Novogratz stated that the crypto markets have got seller fatigue, which means that the markets have finally bottomed.
Last week, Novogratz had said that Bitcoin had bottomed and he reiterated this belief once again. He illustrated is point by showing how Bitcoin’s price drops have been much more stable this entire year as compared to earlier. He said that will the cryptocurrency may be holding off its highs, it has held onto its $6,000 position. He also stated that he feels that institutions are now moving towards investing in cryptocurrencies.
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Bitfury Launches New ASIC BTC Mining Hardware
Bitfury Group, the Bitcoin (BTC) mining hardware producer, announced this week that it has launched a the next generation of its ASIC-based BTC mining hardware. This chip, called Bitfury Clarke, will be sold individually as well as will be integrated into Bitfury’s other Bitcoin mining hardware, especially its BlackBoxes and mining servers.
This new ASIC-based chip is going to be implemented in Bitfury’s mining centers located in Georgia, Canada, Iceland and Norway.
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Total Market Cap: Sep 21
Trading volumes shot up by $5.12 billion to $17.42 billion. The crypto market’s cap has jumped up by $17.49 billion to $217.40 billion.
Bitcoin Price Analysis: Sep 21
Bitcoin’s current price is $6703.88, rising 4.62% in the last 24 hours of trading. Bitcoin’s market cap is $115.78 billion and volumes in trading are currently at $5.33 billion.
Ethereum Price Analysis: Sep 21
Ethereum’s token price is $226.12, soaring by 8.50% in the last one day. The value of Ethereum is $23.03 billion and trade volumes are also up at $2.19 billion.
State of the Top 10 Cryptocurrencies: Sep 21
In the last 24 hours, the cryptocurrency market has shown a massive turnaround from trading most flat for most of this week. The top ten cryptocurrencies, with the exception of Tether, which is trading down by 0.02%, are soaring right now. The biggest gains have been made by Ripple, which has soared massively by a whopping 41.70% in the last 24 hours.
- Bitcoin’s now trading at a price of $6703.88, jumping by 4.62%. The asset’s capitalization is $115.78 billion.
- Ethereum’s now trading at a price of $226.12%, jumping by 8.50%. The asset’s capitalization is $23.03 billion.
- Ripple’s now trading at a price of $0.463110, jumping by 41.70%. The asset’s capitalization is $18.43 billion.
- Bitcoin Cash’s now trading at a price of $480.20, jumping by 12.60%. The asset’s capitalization is $8.33 billion.
- EOS’s now trading at a price of $5.77, going up 10.37%. The asset’s capitalization is $5.22 billion.
- Stellar’s now trading at a price of $0.243013, jumping by 17.77%. The asset’s capitalization is $4.56 billion.
- Litecoin’s now trading at a price of $57.78, jumping by 6.93%. The asset’s capitalization is $3.37 billion.
- Tether’s now trading at a price of $1, going down 0.02%. The asset’s capitalization is $2.76 billion.
- Cardano’s now trading at a price of $0.083395, jumping by 15.83%. The asset’s capitalization is $2.16 billion.
- Monero’s now trading at a price of $119.09, going up 7%. The asset’s capitalization is $1.95 billion.