Crypto News Cast For September 6th 2021 ?

Crypto News Cast 📮 06-09-2021

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $2353 B
📊24h Mcap %: 59.00%
⚠️Bitcoin Dom: 41.40%
📌Active Coins: 6454
📍24h Vol %: 14.43%
💲24h Vol: $137 B

Crypto News Updates :

Over 200,000 ETH Burned Since EIP-1559 Launched
Institutional Interest In Litecoin Is Growing
US Multi-Talented Celebrity Jason Derulo Invested in Solana
Mexican Retail Firm, Grupo Elektra Launches Bitcoin Lightning Payments Option
Elon Musk’s Bitcoin Objective Turnaround Failed to Stop Bitcoin’s Bull Run
Bloomberg Senior Strategist Says Bitcoin On $100K Path As Global Asset
DeFi Market Cap Sets New All-Time High Hitting $145 Billion

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– Over 200,000 ETH Burned Since EIP-1559 Launched

Since Ethereum’s London upgrade was implemented — introducing the EIP-1559 fee burning mechanism — the network has burned a total of 204,281.8 ETH has been burned, worth some $682 million, according to ethburned.info. At current rates, about $1.2 million worth of ETH, or 300 ETH, gets burned each hour. Ethereum’s London upgrade launched EIP-1559 which initiated Ethereum transaction fee burn completely changing the fee structure of ETH network. Read Full on Decrypt.

– Institutional Interest In Litecoin Is Growing

Institutional interest in Litecoin is on the rise. It looks like Litecoin might be standing independently, since institutions and retail investors alike, are starting to see potential in it. Grayscale Litecoin Trust (LTCN), after over a month, finally witnessed some gains as LTCN rose by 32.39%. LTC price rose due to the Darlington raceway, racer Landon Cassill, became the first driver to be paid entirely in LTC. Also, LTC crossing $200 once again is a huge milestone. Moreover, it still continues to rise, keeping the 7-day gain at 33.01%. Read Full on AMBCrypto.

– US Multi-Talented Celebrity Jason Derulo Invested in Solana

American songwriter, singer, and dancer celebrity Jason Derulo revealed on twitter that he invested in crypto, particularly Solana (SOL) back in June. In June month Solana price traded between $25 and $41, but Solana overtake Dogecoin and become seventh cryptocurrency by market capitalization before recording an all-time high of $150 on September 4, 2021. Read Full on CryptoPotato.

– Mexican Retail Firm, Grupo Elektra Launches Bitcoin Lightning Payments Option

Ricardo Salinas Pliego, Owner Of The Mexican retailing and banking corporation Grupo Elektra set to launch out support for the Bitcoin Lightning network via recent announcement, this new payment feature will be active in Electra’s stores soon. Salinas Pliego is the third-richest person in Mexico with an estimated net worth of $15.4 billion, had said he’ll put in 10% of his wealth into the largest cryptocurrency. Read Full on U.Today

– Elon Musk’s Bitcoin Objective Turnaround Failed to Stop Bitcoin’s Bull Run

The flagship cryptocurrency on sept 5 touched $51,808 on the Bitstamp exchange after breaking through the notorious $51,000 resistance level. This is the highest peak since May 12 crackdown after Tesla CEO Elon Musk announced withdrawal of bitcoin payment option for its company. This brought the asset to $28,567 bottom level but returned to its bullish run from early July after witnessing a 10 consecutive green candles, currently sitting above the $51,000 mark. Read Full on U.Today

– Bloomberg Senior Strategist Says Bitcoin On $100K Path As Global Asset

Bloomberg’s senior commodity strategist Mike McGlone believes strongly that the largest cryptocurrency is about becoming s global reserve asset. He described bitcoin and Ethereum on their way to $100,000 and $5,000 price mark respectively after doing a 50% correction. McGlone has his BTC long-term view at the center of the global financial system, as a digital future, complementing the dollar reserve currency. Read Full on cointelegraph.

– DeFi Market Cap Sets New All-Time High Hitting $145 Billion

Decentralized finance’s market capitalization has skyrocketed to $145.5 billion dollars recording a new all time high after its past ATH back in May, as reported by TradingView index. Uniswap is the largest DeFi project with a market cap of $18 billion and $5 billion in total value locked in smart contracts. DeFi tokens like UNI or AAVE have seen 44% and 33% increase respectively since last month. Read Full on U.Today

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