Strengths
Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Celsius, rising 22.51%.
Bitcoin extended a rally amid a brighter mood in global markets and as traders await U.S. inflation data and monitor a seminal upgrade of the Ethereum blockchain. Bitcoin jumped about 10% on September 9 and 3.9% on Monday, trading above $22,000. The move was encouraged by a weaker dollar and as investors awaited U.S. inflation numbers, writes Bloomberg.
Ethereum has completed a key revamp of its blockchain network, marking the crypto world's most ambitious software upgrade to date. The change replaced power-hungry computers that were used to order transactions on the network with a more energy-efficient setup using piles of the network's native token, Ether. As a result, Ethereum's energy consumption will decline by an estimated 99%, writes Bloomberg.
Weaknesses
Of the cryptocurrencies tracked by CoinMarketCap, the worst performing for the week was Terra Luna, down...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...