📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $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 🔥
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.
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.
Cryptocurrency platform Crypto.com 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 Crypto.com branding within the league for five seasons, at a cost of around $100 million per season. Crypto.com stepped in to replace Gazprom – a Russian state-owned energy firm.