Bitcoin is back at 50k. Ethereum, at 4k.
The arrival of Santa Rosa seems to have had an effect on cryptocurrencies, and not because it has been a stormy week; on the contrary, there are several that rose to the clouds.
Bitcoin was back above $ 50,000 after four months to sit below what appears to be resistance at $ 52,000. Since the close close to 49,000 USD last Sunday, it was climbing little by little to reach a weekly increase of 5.99%
However, the main protagonist was Ethereum that once again flirted with the 4,000 USD remaining one step away from its ATH of 4,362.35 USD from May 12. In just 4 days it took off from 3,195.22 USD, the level where it had been since the beginning of August, to 4,022.47 USD, closing a weekly increase of 22.47%
In general, all cryptocurrencies performed positively, highlighting LINK and BNB, which are recovering from the June and July dips and are already taking a closer look at their May ATHs.
A separate point deserves IOTA, which had a hectic week where it doubled in value in less than 3 days, going from 1 to 2 USD. Finally, after a correction, it would close on Sunday at 1.81 USD. We will see this week if it continues with its bullish sprint or corrects its price after such a rise.
Annual inflation in Ethereum falls by 35% with the burning of ETH
According to recent data from Coin Metrics, the annual net inflation of ethers (ETH), Ethereum's native cryptocurrency, has dropped to levels around 1% and 3% as a result of the token burn implemented on August 5. with the London fork.
The crypto market grew 47% in a month
he total capitalization of the crypto market has registered a growth of 47% in the last 30 days, reflecting signs of recovery after difficult months for the market as a whole. For its part, the crypto market's trading volume increased 4.81% to 131.34 billion in one day.
The Dallas Mavericks give rewards for purchases with cryptocurrencies
The Dallas Mavericks of the NBA - whose owner is the crypto reference Mark Cuban - launched a new initiative that rewards those who pay with cryptocurrencies. "Mavs Cryptomania": this is the name of the new proposal implemented in the club's official store, which gives USD 25 dollars to all those who buy products with bitcoin (BTC), ether (ETH) or dogecoin (DOGE)
