Market Update – Bitcoin Experiences Few Changes Over Past Day

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The cryptocurrency developed by Satoshi Nakamoto has only gained about $100 since yesterday and is now trading at $38,167.60 (-0.86%), while the rest of cryptos from CoinMarketCap’s top 5 have mixed dynamics with Tether losing 0.06% over the past day and Binance Coin, Cardano and Ethereum rising 0.09%, 3.52% and 0.4%, respectively.

The Bitcoin dominance index stands at 45.9%, below the 46.3% recorded yesterday.

As far as capitalizations is concerned, the market cap of Bitcoin amounts to $716,632,293,112, while the total capitalization of the crypto market stands at $1.562T, below yesterday’s $1.563T.

The greed and fear index is in the fear mode (30), while yesterday the indicator stood at extreme fear (24).

The most important news of the day is about Bitcoin SV suffering a 51% attack. The asset, which ranks 42 in CoinMarketCap’s classification of largest cryptocurrencies by market cap, has just suffered a 51% attack, according to Lucas Nuzzi, an analyst from crypto intelligence company CoinMetrics.

We have also reported that US-based cryptocurrency mining firm Marathon Digital Holdings mined 442.2 BTC last month, according to the press release shared by the company. As a result, Marathon’s Bitcoin total reserves now amount to 6,225.6 BTC.

It has also become known today that Google, which banned crypto and ICO-related ads in 2018, has recently modified its advertising policy to allow certain types of crypto ads on its platform. The policy, which came into effect on August, now allows “advertisers offering cryptocurrency exchanges and wallets” targeting US consumers to advertise their products and services as long as certain requirements are met.