Gains of 5% in Bitcoin to regain $20K and look toward first “green” September since 2016.
Bitcoin’s (BTC) price targets higher in a traditional sideways trading action snap, but fears about what comes next persist. BTC/USD gained almost 7% following the close on September 26 according to data from Cointelegraph Markets Pro and TradingView. On Bitstamp, local highs of $20,344 were seen before the pair started consolidating at about $20,200. Will the bulls be able to defeat “Septembear” and will Bitcoin be able to conclude the month in the green?
Is now the time for Bitcoin to shine? British pound hits a record low versus the dollar.
Following the announcement of tax cuts and additional debt hikes to lessen the effects of a potential economic recession, the British pound hit a record low versus the US dollar. But may the falling value of the pound sterling be good for Bitcoin? Can the general public switch to cryptocurrencies if they notice that their savings and assets are being aggressively devalued?
Co-founder of Ethereum and Cardano Charles Hoskinson engaged in a verbal brawl with Ethereum developers over the Ethereum Merge’s implementation of the proof-of-stake consensus. The animosity between the two communities is nothing new, and Hoskinson is renowned for his sharp criticism of his old enterprise. But given that both blockchains are currently undergoing significant network improvements, the recent communication between the two parties emphasises the division between blockchain communities.
