Bitcoin Futures Volume Slumps To 21-Month Low – September 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,815

Bitcoin price is hovering under $20,000 once again, as the market waits to see if local support will hold the level.

Top-20 altcoins have taken a mostly taken small hit across the board, as Ethereum drops 1%, BNB falls 4% and Polygon stands out with a 3% rise.

Top Stories for September 1, 2022 πŸ”₯

πŸ‘‰ Bitcoin Futures Volume Slumps To 21-Month Low

Bitcoin futures trading volume over the month of August has come in at $941.5 billion, the least volume traded since November 2020 in dollar terms.

On the other hand, trading volume for Ether futures contracts has risen in anticipation of “The Merge” – a monumental transition to proof-of-stake set to occur around halfway through this month.

Volume on Ether futures has soared above $1 trillion for the first time since May 2021.

πŸ‘‰ Possible ETH Hard Fork Token Expected To Trade at Just 1.5% Of ETH Price

Investment firm Paradigm believes a potential Ethereum hard-fork token will trade at just $18 – or around 1.5% of Ether’s price. ETH futures contracts with a September 30 expiry are currently trading at an $18 discount to spot price, which the company attributes to the potential fork.

Over on BitMEX and Poloniex, however, instruments representing the forked token price are trading at around $47 and $49, respectively.

πŸ‘‰ Drops Out Of $495M UEFA Champions League Deal

Cryptocurrency platform has pulled out of a $495 million deal with the UEFA Champions League, citing regulatory concerns with licenses in the UK, France and Italy.

The deal would have seen branding within the league for five seasons, at a cost of around $100 million per season. stepped in to replace Gazprom – a Russian state-owned energy firm.