The prices of several cryptocurrencies impacted by the bitcoin crash last week seem to be slightly stabilising at the start of the week.

The global crypto market almost remains unchanged compared to its values a day earlier at about $2.07 trillion.

Bitcoin, which was valued at above $52,000 in the early hours of last Tuesday, has been fluctuating in price between $46,000 and $45,000 over last week, and is currently valued at close to $45,000.

Other cryptocurrencies, including Cardano and Solana which were trading at high values prior to the crypto market’s nosedive last week, showed signs of recovery on Friday, but are down in the last 24 hours by about 5 to 10 per cent.

British banking giant Standard Chartered noted recently that bitcoin’s value could hit new all-time highs around late 2021 or early 2022, but other forecasts say current trends could result in lows below $20k by the end of the year.

You can follow all the latest news, updates and expert predictions right here.

Key points
  • El Salvador president ‘buying the dip'
  • Bitcoin price volatility dismissed by long-term holders
  • Bitcoin price shows signs of recovery 14:32 , Anthony Cuthbertson

    The price of bitcoin has returned above $46,000, rising by around 5 per cent over the last 24 hours.

    Bitcoin’s gains have helped push the global crypto market up by 3.3 per cent since this time yesterday.

    The tentative recovery has been mirrored by several other leading cryptocurrencies, including Ethereum (ether), Ripple (XRP) and Polkadot (DOT).

    A snapshot from CoinMarketCap’s price index shows that it is not market-wide, with Cardano (ada) and Solana (SOL) among those failing to reverse the downward trend of recent days.

    table© Provided by The Independent MicroStrategy adds $500m to its bitcoin stash Monday 13 September 2021 16:57 , Anthony Cuthbertson

    MicroStrategy has added to its already considerable bitcoin holdings by purchasing nearly half a billion dollars worth of the cryptocurrency.

    CEO Michael Saylor announced the purchase on Twitter, revealing that the bitcoins were bought between 1 July and 12 September at an average cost of just over $48,000. Bitcoin has since dropped in price slightly but the average cost of all previous purchases mean the $3.16 billion that the software firm has spent on crypto is now worth more than $5 billion.

    “As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin,” he wrote.

    You can read the full story here.

    © Provided by The Independent

    MicroStrategy buys another $250m worth of bitcoin in hope of 100X price growth

    BREAKING: Litecoin price chaos after Walmart hoax Monday 13 September 2021 15:37 , Anthony Cuthbertson

    Confusion in the crypto market after news emerged that Walmart had partnered with litecoin in order to offer cryptocurrency payments to its customers.

    The price of litecoin shot up by more than a third before it was revealed that the news release was a hoax, potentially part of a massive pump and dump scheme.

    Several leading publications and news wires reported the Walmart news before realising it was fake, including Reuters.

    You can read the developing story here.

    a close up of a sign© Provided by The Independent

    Crypto market hit by chaos after fake Walmart announcement

    Floki price soars after Elon Musk dog tweet Monday 13 September 2021 13:09 , Anthony Cuthbertson

    The price of several Shiba Inu-themed cryptocurrencies have surged on Monday after Elon Musk shared an image of his new puppy.

    “Floki has arrived,” the Tesla boss tweeted alongside the picture of the sleeping Shiba Inu dog.

    Within minutes, the price of Floki Inu coin, Floki Shiba and Super Floki all shot up to new record highs. The obscurity of the altcoins mean that even despite the latest price rise, they still remain outside the list of the top 2,000 cryptocurrencies on CoinMarketCap.

    You can read the full story here.

    a cat lying on a rug© Provided by The Independent

    Elon Musk causes obscure crypto to suddenly surge in price after naming dog after it

    Monday 13 September 2021 04:49 , Vishwam Sankaran

    More countries seem to be on track for bitcoin adoption as legal tender.

    City A.M. reported quoting Russian financial expert, Professor Vyacheslav Evgenyev, that Ukraine could be planning to make bitcoin legal tender by the start of 2023.

    The Eastern European country already passed a draft law to legalise cryptocurrencies after El Salvador’s bitcoin adoption came into effect to open up the crypto market to businesses and investors by next year.

    Panamanian Congressman Gabriel Silva also announced a bill last week titled “Crypto Law: Making Panama Compatible with the digital economy, blockchain, crypto assets, and the internet.”

    Former NSA analyst Edward Snowden has said there is growing pressure on competing nations to acquire bitcoin – “even if only as a reserve asset.”

    Friday 10 September 2021 04:58 , Vishwam Sankaran

    El Salvador’s bitcoin adoption may cost some multinational money transfer companies.The South American country’s president Nayib Bukele estimates that with the country’s bitcoin adoption, money service providers like Western Union and MoneyGram could lose $400 million a year in commissions for remittances, CNBC reported.

    This could save money for the country’s diaspora wanting to send money to their families and friends back home.However, recent polls have shown that most Salvadorans are opposed to the adoption of the cryptocurrency, while regulators have expressed concern about the move turning the country into a fiscal paradise for money laundering.

    Solana (SOL) hits new price high - but what actually is it? Thursday 9 September 2021 17:02 , Anthony Cuthbertson

    Solana (SOL) peaked above $214 today on CoinMarketCap’s price index. It marks a new all-time high and a remarkable 12,000 per cent price rise since the start of the year. (For comparison, bitcoin’s 2021 gains stand at around 68 per cent.)

    It now ranks above dogecoin and Ripple (XRP) with a market cap north of $60 billion, but more impressively it has managed to completely buck the market trends this week that saw leading cryptocurrencies crash and then consolidate.

    Here’s a rundown of how it managed to achieve such highs, and the even more elevated ambitions of Solana’s developers.

    © Provided by The Independent

    What is Solana? The crypto that is rising 200-times faster than bitcoin in 2021

    Bitcoin rivals see major price recovery Thursday 9 September 2021 10:43 , Anthony Cuthbertson

    While bitcoin continues to hover around the $46,000 price mark, a number of other leading cryptocurrencies are surging this morning.

    Ethereum (ether), Cardano (ada) and dogecoin have all risen by between 5 and 10 per cent over the last few hours, but the real riser has been Solana.

    The new star of the decentralised space rose by 30 per cent to a new all-time high above $210, taking it above Ripple (XRP) to rank as the sixth most valuable cryptocurrency by market cap.

    Thursday 9 September 2021 06:36 , Anthony Cuthbertson

    Bitcoin price seems to have slightly stabilised compared to its nosedive on Tuesday, but it still valued at $46,000. Ethereum (ether) is showing feeble signs of recovery. But Solana’s price surge since Tuesday’s fall has been the biggest, growing by over 20 per cent in the last 24 hours.

    The charts are still mostly red but the global crypto market seems to have slightly recovered, growing by about 1 per cent over the last day.

    chart, histogram: Bitcoin price over last 24 hours (Coin Market Cap)© Provided by The Independent Bitcoin price over last 24 hours (Coin Market Cap) Bitcoin price crash offers crypto ‘fire sale’ Wednesday 8 September 2021 20:43 , Anthony Cuthbertson

    More analysts have been weighing in on the 15 per cent price crash yesterday, giving their opinion on what it means in a broader context.

    “This is a false dip,” says Nick Spanos, an early adopter and well-known figure within the cryptocurrency space, who is currently in El Salvador.

    “Big finance and the media say it’s because there was a bumpy rollout in El Salvador. I’m in El Salvador right now and things are looking spectacular. Even Steve Jobs had hiccups in releasing brave new products.

    “Bitcoin’s price could even be back by next week. I still expect bitcoin to breach $100,000 by the end of the year, while Ethereum is on course to hit $10,000 by then. Buying more altcoins and Bitcoin right now, now that there’s essentially a fire sale as a result of the dip, will almost certainly prove to be a great move.”

    You can read the full story here.

    © Provided by The Independent

    Bitcoin price crash was ‘false dip’, crypto analysts claim

    ‘When in doubt, zoom out' Wednesday 8 September 2021 18:53 , Anthony Cuthbertson

    A popular adage among long-term bitcoin investors during moments of sharp market volatility is “when in doubt, zoom out”.

    The belief is that the short-term price trajectory has little bearing on the longer term direction, and that sudden crashes or surges can generally be ignored.

    With this in mind, we’ve put together a chart showing the zoomed out significance of Tuesday’s price crash. Even after dropping by more than 15 per cent, bitcoin is still up more than 300 per cent from this time last year. The next few weeks will prove key to determining how much this adage actually rings true.

    chart, line chart© Provided by The Independent Bitcoin price steadies Wednesday 8 September 2021 15:07 , Anthony Cuthbertson

    The price of bitcoin finally appears to have steadied after yesterday’s sudden crash.

    It remains around $46,000 - roughly $8,000 down from yesterday’s peak but more the $2,000 up from the price it bottomed out at.

    It seems to have had a calming affect on the rest of the market, with Ethereum (ether), Cardano (ada) and Binance Coin all levelling out over the last few hours.

    There have been a few altcoins that actually bucked the trend, most notably Near Protocol (NEAR). The token saw gains of more than 40 per cent over the last 24 hours, ranking it in the top 30 most valuable cryptocurrencies on CoinMarketCap.

    SEC to sue Coinbase Wednesday 8 September 2021 14:07 , Anthony Cuthbertson

    The SEC has warned Coinbase that it is planning to sue the exchange over its planned ‘Lend’ feature, which will allow users to earn interest from their holdings.

    The regulator served a Wells notice to signal its intention to take legal action, though Coinbase’s chief legal officer Paul Grewal claims to not know what the issue is.

    “Rather they have now told us that if we launch Lend they intend to sue. We asked if the SEC would share their reasoning with us... they refused,” he wrote in a blog post.

    “Mystery and ambiguity only serve to unnecessarily stifle new products that customers want and that Coinbase and others can safely deliver.”

    You can read the full story here.

    graphical user interface, text, chat or text message© Provided by The Independent

    Coinbase faces SEC lawsuit over ‘mystery’ issues with crypto lending

    Bitcoin price volatility dismissed by long-term holders Wednesday 8 September 2021 13:35 , Anthony Cuthbertson

    Long-term holders of bitcoin have urged investors to remain patient following the latest price crash.

    Michael Saylor, whose software company MicroStrategy owns more than 100,000 bitcoins, believes bitcoin will continue to rise in price over the long term and has the potential to rise in value by more than 100-times. He also revealed he personally bought $30 worth of the cryptocurrency yesterday in support of El Savador’s Bitcoin Law coming into effect.

    Today he tweeted: “If you aren’t willing to own bitcoin for 10 years, don’t even think about owning it for 10 minutes.”

    Wednesday 8 September 2021 12:20 , Vishwam Sankaran

    Bitcoin’s value is still down by about 9 per cent compared to its price 24 hours earlier.

    Almost all cryptocurrencies are down compared to yesterday’s prices, and it’s still all red with very little signs of recovery.

    graphical user interface, application, histogram: (Coin Market Cap)© Provided by The Independent (Coin Market Cap)

    Global crypto market prices are almost down by 10 per cent compared to values 24 hours earlier.

    Bitcoin woes continue into second day Wednesday 8 September 2021 08:09 , Andrew Griffin

    Bad news for anyone hoping for a swift return after yesterday’s crash: there’s been no recovery yet. Though hasn’t fallen lower than it did in the wild moments after the crash, either. Here’s the latest from Coinbase:

    graphical user interface, chart: (Coinbase)© Provided by The Independent (Coinbase)

    That has left everything looking very red. Prices are down almost 15 per cent over the last 24 hours, according to CoinMarketCap. And nothing – not even the much-hyped Solana – has been left untouched.

    table: (CoinMarketCap)