solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

ONLY 14 DAYS TO GO…

Take advantage of our early bird offers for the Crypto AM Summit and Awards.

Crypto at a glance

Bitcoin continues its recovery after last week’s crash, currently sitting at more than $47,000 for the first time in five days. The leading cryptocurrency is up about two per cent over the past 24 hours, having fallen to lows of $43k just last Tuesday. 

The global crypto market is now back above $2.1 trillion, with cryptocurrencies including Ethereum (ETH), Dogecoin (DOGE) and Binance Coin (BNB) all showing signs of recovery in the last 24 hours. Ethereum is currently changing hands for more than $3,400, up two per cent since yesterday morning.

The big losers today are Cardano (ADA), which is down two per cent to $2.39, and Solana (SOL), which is down four per cent over the last 24 hours after a volatile day sparked by a major outage. Solana, which has seen a meteoric rise over the last month, was offline and not producing blocks for nearly 20 hours yesterday, sparking a 13 per cent crash in the value of the blockchain network’s native cryptocurrency to around $145 per coin – the lowest price in more than a week.

It came back online early Wednesday following a marathon session of fits and starts by engineers racing to restore service. The price has since recovered to more than $160, but will there be any lasting damage to its reputation?

The Crypto AM London Blockchain & DeFi Summit and Crypto AM Awards 2021

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

Day One will be held at ETC Fenchurch Street hosting the four Crypto AM City of London Roundtables so that delegates can meet and network with each other and learn from great discussions and talks. 

Day Two will be summit day (streamed and live audience) at the Leonardo Royal Hotel, St Paul’s, finishing with the black tie gala dinner in the same venue where the winners of the Crypto AM Awards 2021 will be revealed.

For speaking opportunities, partnership packages or attendance (tickets will be strictly limited and by application) please email: events@cityam.com using the subject line ‘CRYPTOAM SUMMIT’.

Summit & Awards Announcements 

Crypto AM Awards 2021 Judges Announced

Crypto AM is delighted to announce Luno as Gold Partner 

Crypto AM is delighted to announce Cudos as Gold Partner 

Crypto AM is delighted to announce MELD as Gold Partner 

Crypto AM is delighted to announce Umbria Network as Silver Partner 

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

Would you like to help spread the adoption and education of Bitcoin in the UK and even stack some Sats while you’re doing it? Well, now you can!

The Bitcoin Pioneers community, backed by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members right across the UK.

We share tips, stories and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started.

So, if you’re passionate about Bitcoin, why not join today? Click here to find out more!

All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻

Yesterday’s Crypto AM Daily in association with Luno

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM price of Bitcoin

In the markets

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

The Bitcoin economy

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

*Definitions and insights can be found at https://bytetree.com/insights/

Total crypto market cap

The total capitalisation of the entire cryptocurrency market at time of writing is currently $2,125,997,280,095. 

What Bitcoin did yesterday

We closed yesterday, September 14 2021, at a price of $47,092.497, up from $44,963.07 the day before. The daily high yesterday was $46,598.68 and the daily low was $44,752.33. 

This time last year, the price of Bitcoin closed the day at $10,796.95. In 2019, it closed at $10,347.71. 

Bitcoin market capitalisation

Bitcoin’s market capitalisation at time of writing is $883.91 billion. To put it into context, the market cap of gold is $11.457 trillion and Facebook is $1.061 trillion. 

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $34,010,724,920, down from $42,619,516,730  the day before. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.

Volatility

The price volatility of Bitcoin over the last 30 days is 46.28%.

Fear and Greed Index

Market sentiment today is 49.

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

Bitcoin’s market dominance

Bitcoin’s market dominance today is 41.31, Its lowest ever recorded dominance was 37.09 on January 8 2018.

Relative Strength Index (RSI)

The daily RSI is currently 50.07. Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price – an RSI reading of 30 or below indicates an oversold or undervalued condition. 

Convince your Nan: Soundbite of the day

“If the regulator finally allowed financial services companies to call it an asset, put it into an ETF [exchange-traded fund] in the United States, like they have in Canada and other countries, I’d figure there’d be another trillion dollars worth of buying into bitcoin. And we don’t have that yet, but that’s the opportunity.” 

Shark tank star Kevin O’Leary

What they said yesterday

Leader of the People’s Party…

The number speaks for itself…

Satoshi Nakamoto Senior?

Fuelling the of the future of finance…

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

Crypto AM: Editor’s pick

Cardano Alonzo upgrade sees 100 smart contracts in first 24 hours

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM Cardano coin

Morgan Stanley to launch new research team led by Sheena Shah

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM morgan stanley

Bitcoin can now be purchased using the Post Office app

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM Royal Mail Undecided In Further Post Office Closures

Simon Nixon tells Seek Ventures to ramp up Bitcoin investment 

Bitcoin breaks $50,000 as magic monday gives cryptocurrencies a green start to the week

Gibraltar to host first international post pandemic crypto event

CV Labs Partnership launches British crypto firm Evai onto Bittrex global exchange 

Crypto AM: Features 

Crypto AM: Spotlight

Crypto AM: Founders Series 

Crypto AM: Industry Voices 

Crypto AM: Contributors 

Crypto AM: In Conversation with James Bowater

Crypto AM: Tomorrow’s Money with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

Crypto AM: Visions of the Future, Past & Present with Alex Lightman 

Crypto AM: Tiptoe through the Crypto with Monty Munford 

Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry

Crypto AM: Parliamentary Special 

Part one of two – April 2021

Part two of two – April 2021

Five-part series – March 2021

Day one…

Day two…

Day three…

Day four…

Day five…

Crypto AM: Events

solana outage fixed as wider cryptocurrency market recovers

© Provided by City AM

For those of you who missed the Crypto AM DeFi & Digital Inclusion online summit 2021 – you can now watch the event in two parts via YouTube:

Part one…

Part two…

Cautionary Notes

It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.

All information is correct as of 08:00 BST

The post Solana outage fixed as wider cryptocurrency market recovers appeared first on CityAM.

Latest breaking 24h news around the world Latest breaking 24h news around the world - Page 2 Latest breaking 24h news around the world - Page 3


LATEST NEWS

NEWS RELATED

Libra: Your daily horoscope - September 18

© Astrofame Libra Today You can be a great big brother or mentor to your pals, and today you may find yourself in a counseling role. Someone that you care about could go a little overboard with their behavior, gambling, drinking, or partying too much. You need to take them…

Read more: Libra: Your daily horoscope - September 18

India antitrust probe finds Google abused Android dominance, report shows

Google abused the dominant position of its Android operating system in India, using its “huge financial muscle” to illegally hurt competitors, the country’s antitrust authority found in a report on its two-year probe seen by Reuters. Alphabet Inc’s (GOOGL.O) Google reduced “the ability and incentive of device manufacturers to develop…

Read more: India antitrust probe finds Google abused Android dominance, report shows

Vodafone Idea offering special deals and cashback for iPhone 13 buyers: Here is how it works

If you are planning to grab the latest iPhone 13, Vodafone Idea has some unmissable deals for you. Vodafone Idea has announced some pre-order offers for iPhone 13 buyers. If you order the iPhone 13 from Vodafone’s official website, you will get the product on the first day of its…

Read more: Vodafone Idea offering special deals and cashback for iPhone 13 buyers: Here is how it works

Oppo unveils ColorOS 12-based on Android 12: Here's when OnePlus phones will get it

© Provided by The Indian Express Oppo has unveiled the features of its latest ColorOS 12, which is based on the latest Android 12 OS. The company’s new software will soon be released for some of the Oppo and OnePlus smartphones that have been using ColorOS in China. The brand…

Read more: Oppo unveils ColorOS 12-based on Android 12: Here's when OnePlus phones will get it

Clubhouse working on new feature to invite friends to rooms

Click Here For GallerySocial networking platform Clubhouse is reportedly working on a new way to invite users to audio rooms on its app. As per screenshots shared by researcher Jane Munchum Wong, the new feature, called “Waves”, is focused on the social side of Clubhouse.This new feature will allow users…

Read more: Clubhouse working on new feature to invite friends to rooms

This robot will guard Hyundai's Kia manufacturing plant

Click Here For GalleryEarlier this year, Hyundai acquired a controlling stake in robotics design company Boston Dynamics and now the Korean automotive giant has integrated its technology in one of its plants in South Korea.Hyundai will be using “Factory Safety Service Robot” based on Boston Dynamics’ quadruped robot, Spot, for…

Read more: This robot will guard Hyundai's Kia manufacturing plant

Deno 1.14 extends Web Crypto API

Latest update to the Node.js rival also stabilises the WebSocket API, introduces file locking APIs, and updates the Deno extension for Visual Studio Code.

Read more: Deno 1.14 extends Web Crypto API

Why AI in hiring might do more harm than good

AI hiring tools claim to reduce bias in hiring by incorporating machine-based decisions, but at least in its early stages, AI hiring strategies have the potential to hurt DEI in your organisation.

Read more: Why AI in hiring might do more harm than good

Vodafone Idea announces cashback offer for iPhone 13 buyers: Check details

Samsung Galaxy S21 FE support page goes live in Germany, hinting towards imminent launch

Cold War bombers, interceptors and more at the South Dakota Air and Space Museum

Apple Watch 7 upgrade: What to know about trading in your old watch to get the best deal

9 great reads from CNET this week: iPhone 13, SpaceX, moonshine and more

Cyber security is hot... here's the top M&A deals so far in 2021

OnePlus 9 series gets XPan mode to shoot Hasselblad camera-like pictures

Antitrust Probe Finds Google Abused Android Dominance In India: Report

OTHER NEWS