The market is messy, bitcoin needs to quickly get up from the 'mud' if you don't want to test the four digit area
Over the past few hours, Bitcoin in particular and other digital currencies in general have struggled to find momentum.
According to CoinDesk's chart, the price of Bitcoin continuously corrected and sometimes dropped below $ 10,000. However, this coin quickly returned to the main line of movement.
But according to CCN's assessment, even though the bitcoin bulls are trying to sustain above the $ 10,000 support, the coin is still mostly fluctuating in a very narrow range around $ 10,300 which is not good in the long run, It could affect the long-term trend.
CCN believes that bitcoin bulls need to have more concrete growth signals in the coming days, especially getting back to $ 11,000 as soon as possible to exit the four-digit danger zone.
Our article is deeply updated: bitcoin exchange
Bitcoin price movement
Over the past 24 hours, the highest bitcoin price is recorded at $ 10,411 and as low as $ 10,214.
Bitcoin's rate today (September 12) recorded at 9:15 am at $ 10,378, a slight increase of 0.36% from the past 24 hours.
bitcoin rate
In recent days, the market tried to maintain the green color, but the gain of most of the copper was still quite weak. Noted that in the top 100 there are 69/100 cryptocurrencies by market value with an increase in price over the past 24 hours.
Overview of the virtual money market
In the top 10 without many noticeable corrections, many dong is still in decline.
top 10 virtual coins
Total market capitalization today recorded at 9.15am at $ 339.30 billion, down $ 3 billion from the past 24 hours.
total market capitalization
The market's 24-hour trading volume remained at around $ 200 billion, not significantly changed from 9/11.
How much have 'miners' BTC made over the past few months?
In August, Bitcoin miners made $ 368.3 million in revenue, up 23.19% from July.
According to the chart below, this is the highest revenue figure - when taking into account block rewards and transaction fees, over the past three months.
btc miner
Bitcoin's transaction fees increased from around 8.5% in July to 10.7% in August, according to The Block.
In contrast, the 'miners' Ethereum generated revenue of $ 285.1 million in August, marking a 98.2 percent increase from July - the highest level in 25 months.
Notably, transaction fees on Ethereum have soared and accounted for 40.5% of all Ethereum miners' revenue, compared with 10% in May.
In June, bitcoin miners made $ 281.6 million in revenue. The block reward halving, otherwise known as Bitcoin Halving, that took place in May cut from 12.5 BTC to 6.25 BTC, which has resulted in the lowest BTC mining revenue in 15 months.
The EU finance minister calls for restrictions on stablecoin issuers
Finance ministers from major members of the European Union, are calling on the regulator to introduce restrictions on stablecoins as well as crypto issuers.
According to Reuters, officials from France, Germany, Spain, the Netherlands and Italy made calls during an event held in Berlin.
German Finance Minister Olaf Scholz has argued that stablecoins should not be allowed to operate in the Union unless they comply with regulatory requirements.
In a recent source said "national and European authorities will set up a monitoring group, to manage crypto-related activities in the European Union".