📈 30 Second Cryptocurrency Price Summary |
Bitcoin price is hovering just below $20,000 to start the week, continuing its magnetism to the major support and resistance level.. |
Top-20 altcoins are somewhat stagnant, however Ethereum has risen 3% and Ethereum Classic has surged 14%. Polkadot is also an exception, gaining 4% over the last 24 hours. |
Top Stories for September 5, 2022 🔥 |
The Australian Federal Police Force (AFP) has created a new cryptocurrency-focused unit, targeting money laundering, following a reported increase in the use of crypto in criminal activity. |
The agency will be looking to perform "investigative tracing", but will not be receiving additional powers to seize assets, according to the Australian Financial Review. |
Analysts have published a correlation between Bitcoin bull-runs and inactive coins, showing that these runs occur when a a large proportion of Bitcoin addresses remain "dormant" for a year or more. |
Data from Glassnode shows that around 65% of the Bitcoin supply has currently been inactive for this threshold, indicating a bull-run could be on the horizon. |
The Ethereum Classic network is witnessing the most mining activity of its lifetime, as miners shift away from Ethereum before the Merge – a shift to proof-of-stake (PoS) on the main network. |
After the Merge, miners will immediately cease to have a use on the network, forcing them to head elsewhere. Ethereum Classic has benefitted from the move, along with its price, which has risen 14% over the last 24 hours. |
|
