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📈 BTC | $51,888 (+2,021, +4.1%)
📈 ETH | $3,959 (+81, +2.1%)
📈 XRP | $1.32 (+0.07, +5.4%)
📈 LTC | $230 (+18, +8.6%)
Bitcoin and Ethereum saw sustained rallies throughout the weekend as the US nonfarm payrolls delivered a disappointing expectations miss last Friday. This strengthens the case for an easy monetary policy to continue for longer than previously expected.
Binance is cutting its SGD trading pairs after receiving a warning from the MAS, and is removing its apps from the App Store (iOS) and the Android marketplace, starting Sept 10th. The company is currently waiting on an application to operate in Singapore.
Ethereum rose past $4,000 momentarily on Friday, before consolidating above $3,850 over the weekend. Since Ethereum’s EIP-1559 upgrade in early-August, over 180’000 ETH has been ‘burned’ in transaction-related fees so far – and is seen as a bullish driver for ETH by reducing supply.
