During the week between August 5 and 11, the price of bitcoin (BTC) moved around USD 11,500, with some peaks exceeding USD 12,000, according to CoinMarketCap data. At the time of writing this note its value is USD 11,412, according to the same portal.
Among the information of the week, the results published by Delphi Digital in a report stand out, in which debate about monetary easing as the most important macroeconomic factor that may affect the price of bitcoin. It also highlights the relationship between the increase in the price of BTC and the fall of the yuan, in the midst of the trade war between the United States and China.
With CriptoNoticias, Latin Americans can keep up with changes in the market prices of bitcoin, ether, bitcoin cash and litecoin in relation to their local currency. To do this, they can visit the Mercado Latino section, which has a price calculator to convert quickly and easily.
The consequences of Litecoin’s second halving was also among the most interesting information. The price of LTC rose before and after the event. The increase was accompanied by an increase in the rest of the market, led by bitcoin.
These are the most outstanding news:
A new report by digital asset research firm Delphi Digital describes current trends in the global economy that could lead to a “perfect storm” to influence the price of bitcoin. According to the firm, factors such as monetary relaxation and the potential of an economic recession in the near future have made the narrative of “digital gold” around bitcoin more relevant than ever.
At the beginning of the week, bitcoin registered a rebound close to 10 %, increasing its price by more than USD 1,000 in 24 hours, amid the worst fall of the yuan in 11 years. Bitcoin appreciated 9.94% from USD 10,700 to USD 11,764. However, the main altcoins did not have the same boost from BTC.
The second Litecoin halving took place on the morning of Monday, August 5, when block 1,680,000 of the chain was added. With that event, the rewards for network miners were reduced from 25 litecoins(LTC) to 12.5 LTC for each block added. The fact also influenced the increase in the price of the cryptocurrency, which rose during the first hours of the morning after halving.
A Canadian YouTuber who publishes content related to the world of cryptocurrencies on his channel, named Ben Perrin, used social media to expose an alleged scammer, identified as Susan Williams. The person offered extraordinary profits with a new investment system. Perrin ends up becoming a donor of Bitcoin Venezuela.
Hackers asked Binance 300 BTC not to reveal private information of its users. So far, passport data, identification, and photos of alleged clients of the platform have already been published in a Telegram group to which thousands of people have joined. Most of the victims seem to come from the Asian region.