Crypto nieuws

All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700

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Crypto markets are seeing another wave of growth, with Bitcoin trading above $6,700 en 19 out of the top 20 coins firmly in the green.

Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 uur, volgens CoinMarketCap.

Market visualization from Coin360

Markt visualisatie van Coin360

After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, omhoog 0.9 procent op de dag.

Bitcoin is also up 3.3 procent in de afgelopen 7 dagen, and up 5 percent up on the month. Despite that, Bitcoin’s dominance has dropped slightly, down from 55.6 percent a week ago to 51.2 percent at press time, volgens CoinMarketCap.

Bitcoin price chart

Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH), after having briefly given up its position during a massive Ripple (XRP) rally, is now back to the second spot by market capitalization.

The coin is up 2.6 percent in 24 hours to press time, currently trading at $245. Ethereum is up a significant 10.4 percent on the week, but it has not yet managed to recuperate its monthly losses, still down around 9 procent in de afgelopen 30 dagen.

Ethereum price chart

Ethereum price chart. Source: Cointelegraph Ethereum-prijsindex

The third largest cryptocurrency by market cap Ripple (XRP) is the only one to see some losses among the top 20 coins, volgens CoinMarketCap. Following a period of immense growth earlier this week, Ripple is down 0.23 procent in de afgelopen 24 uur, to trade at $0.568.

Ripple price chart

Ripple price chart. Source: Cointelegraph Ripple Price Index

Crypto markets are holding their gains firmly, with total market cap slightly up over the past 24 uur, currently at $227 billion. Following a significant sell-off that started on September 5, the market has only recently climbed back above the $220 billion point.

Total market capitalization chart

Totale marktkapitalisatie grafiek. Source: CoinMarketCap

The sixth largest coin by market cap Stellar (XLM) is seeing the most gains among the top 20. Stellar’s price has surged more than 20 percent in 24 hours to press time, currently at $0.289. The altcoin experienced considerable growth this week, up around 40 procent in de afgelopen 7 dagen, volgens CoinMarketCap.

Cardano (ADA) is up 10.6 percent today, currently trading at $0.09. The altcoin’s weekly gains constitute more than 31 percent, volgens CoinMarketCap.

CNBC’s Ran Neuner has noted in a tweet that cryptocurrencies are gaining significant momentum, pointing out that the daily trade volume of the entire market is approaching $14 billion, which is “the most volume we have seen in a while.

Huis Crypto nieuws European Central Bank: ‘No Plans’ for Digital Currency, Cash Demand Growing
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European Central Bank: ‘No Plans’ for Digital Currency, Cash Demand Growing
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European Central Bank: ‘No Plans’ for Digital Currency, Cash Demand Growing

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The European Central Bank is not planning on issuing its own digital currency under current conditions, President Mario Draghi has confirmed.

The European Central Bank (ECB) has “no plansto issue its own digital currency, President Mario Draghi told the European Parliament Wednesday, September 12.

Addressing a query by MEP Jonás Fernández, Draghi said “substantial developmentwas still needed in the underlying technology behind cryptocurrencies before the Central Bank would consider using them.

“The ECB and the Eurosystem currently have no plans to issue a central bank digital currency,” he summarized:

“Nonetheless, we are carefully analysing the potential consequences of issuing such a currency as a complement to cash.

Explaining why no plans were afoot at the ECB, Draghi drew attention to those same factors.

"…The technologies which could potentially be used to issue a central bank digital currency […] have not yet been thoroughly tested and require substantial further development before they could be used in a central bank context,” he told Fernández, toe te voegen:

“With regard to the central bank administering individual accounts for households and companies, this would imply that the central bank would enter into competition for retail deposits with the banking sector and lead to potentially substantial operational costs and risks.

He added there was at present “no concrete needto issue an additional currency within the eurozone, saying demand for cash banknotes “continues to growin the EU28.

Draghi continues the wary stance the 28-member bloc has traditionally held on bank-issued cryptocurrency, in contrast to moves by countries such as Russia en China.

Earlier this year, een joint report from the ECB and Bank for International Settlements (BIS) highlighted “side effectsof a potential launch of such a currency, also considering the need for more research beforehand.

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