The crypto market experienced a slight upswing on Thursday. Many top currencies, including Bitcoin, experienced rising rates (Trending Topics reported). This is also the case on Friday (August 6th).
Bitcoin has seen an increase of almost five percent in the past 24 hours. This puts the price back over 34,000 euros and the capitalization over 650 billion euros. The currency theta experienced a particularly strong increase. In the past 24 hours it has risen by more than 14 percent. The value of theta is thus 5.85 euros, the capitalization is 5.8 billion euros.
Uniswap achieved another plus on Friday. With a growth of almost seven percent, the value is now 21 euros, the capitalization is more than twelve billion euros. In the past week, the value of Uniswap has risen by an impressive 20 percent. There was also a further increase in Litecoin (LTC) by around four percent. The Litecoin price is now 123 euros with a capitalization of 8.2 billion euros.
LUNA recorded a slight increase of around two percent, but has increased in value by a whopping 37 percent in the past seven days. Here the price is over twelve euros with a capitalization of 5.3 billion euros. For the first time since last Sunday, the capitalization on the overall market is above 1.4 trillion euros.
Ethereum increases in value after upgrade – high number of ETH burns
On Thursday, Ethereum finally received the much-anticipated “London” upgrade. According to the developers, the innovation is primarily intended to revise the transaction fee mechanism. So far, these fees have often been very volatile (Trending Topics reported). Ethereum rose in value both before and after the announcement. In the past 24 hours, the plus was three percent, in the past seven days almost 14 percent. The value is now over 2,300 euros, the capitalization over 270 billion euros. The update also involves a large number of ETH burns. According to Etherchain.org, more than 3,800 ETH have been destroyed so far – at a rate of around 2.65 ETH per second (Trending Topics reported).
London upgrade: You can now watch live how ETH tokens are destroyed
JP Morgan Chase opens access to six crypto funds
In 2017, Jamie Dimon, CEO of the largest US bank JP Morgan Chase, described Bitcoin as a “fraud”. Today the attitude of the financial institution has changed significantly. The bank has opened access to six crypto funds in the last three weeks, writes Cointelegraph. In the most recent step, the bank’s private customers will have access to a new Bitcoin fund launched by the crypto investment firm New York Digital Investment Group (NYDIG). However, JP Morgan is still very cautious with transactions. Consultants are not allowed to openly advertise the crypto funds and can only carry out the transactions at the express request of the customer.
Coinbase allows crypto purchases with Apple Pay
The crypto-exchange Coinbase now allows users to make asset purchases with the Apple Pay payment service. An integration of Google Pay will also follow soon. “We are introducing new and seamless ways to enable crypto purchases with linked debit cards with Apple Pay and Google Pay and to enable instant withdrawals of up to $ 100,000 per transaction around the clock,” read a Coinbase blog post.