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TruBit Crypto Weekly Digest (09/06-09/11)
Welcome to this week's digest from TruBit, covering September 6th to September 11th, 2023! We delve into the most significant happenings in the crypto world and offer our unique insights. We aim to keep you at the cutting edge of the crypto universe with the most up-to-date information. Stay tuned, and let's navigate the crypto world together.
📈 Last Week's Trending Tokens to Watch(09/06 -09/11)
1. SNX/USDT 7D Change (+14.43%) 2. RNDR/USDT 7D Change (+10.87%) 3. XLM/USDT 7D Change (+10.38%) 4. LINK/USDT 7D Change (+6.21%)
💡Coin Insights (09/06 -09/11)
- BTC's price has been on a gradual ascent trend. Lately, it has settled around the $25,000 mark. The market is adjusting to the major buyers from the past two years and to individuals capitalizing on their profits this year. Over the upcoming weeks, we anticipate some price fluctuations.
- Major U.S. corporations, such as Nvidia, Apple, and Tesla, are experiencing fluctuations in their stock prices. These stocks may soon reach peak values. If that occurs, it could influence the broader U.S. stock market. This could positively or negatively impact cryptocurrencies like BTC. Over the next two weeks, it would be prudent to observe whether BTC charts its own course or aligns with the trends of the U.S. stocks.
- In the coming week, we'll closely monitor a key indicator for BTC known as the 5-week Simple Moving Average (SMA), which is projected to reach the $26,000 level. This metric can provide insights into potential future movements of BTC's price.
🔥 The Hot News in Crypto Market You Need To Know (09/06 -09/11)
- JPMorgan is considering using a new blockchain digital coin to send money between countries. This new coin would be different from the JPM Coin they already have. It could simplify sending money to people who use a foreign bank.
- The paper suggests using the "Privacy Pools Protocol." This is a technology that can make people's transactions more private. It can also help keep innocent money separate from money used in crimes.
- Mirae Asset Securities is joining with Polygon Labs to create a system for turning things like houses, bonds, art, and stocks into digital tokens using the web's new technologies. This process of making these tokens is called tokenization.
- Visa is starting a new test program. This program will pay shops in a digital coin called USDC on Solana. We can make international payments faster by using digital currencies like USDC and systems like Solana and Ethereum. It also gives our clients a new way to send or get money through Visa.
- The future upgrades of the Ethereum network could make it possible to run full nodes on mobile devices, helping to decentralize the web and improve its scalability
🌟 What to Expect
- 09/19 The FOMC Meeting
- Following the July policy statement, Chairman Powell of the Federal Reserve hinted at the possibility of further interest rate increases after their September meeting.
