Crypto Price Today Live: Bitcoin tops $20,000; Avalanche & Ethereum gain 6% each

economictimes.indiatimes.com:

Bitcoin reclaiming the $20,000 mark, its major support and psychological level. Bitcoin fell below $20,000 on Sunday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve's rate-hike path, Reuters reported. Fed Chair Jerome Powell's speech at the Jackson Hole conference spooked the traders across the world of all riskier asset classes. Despite the recovery, the total market cap of the crypto space remained below the $1 trillion mark. The global cryptocurrency market cap was trading higher at the $980.62 billion mark, rising more than 3 per cent in the last 24 hours. However, the total trading volume dropped about 20 per cent to $64.88 billion.

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From tracking sustainability of products to monitoring pollution, environmental researchers are now finding blockchain’s use in solving the climate crisis.

Global updatesFintech firm Lightnet Group, creator of blockchain-based cross-border payment infrastructure, has received a $50 million commitment from investment group LDA Capital, the firm said. Singapore's central bank wants to promote a digital asset ecosystem while restricting crypto speculation, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Polkadot parachain Moonbeam has integrated cross-chain messaging protocol LayerZero to facilitate Web3 interoperability, Polkadot said. MundoCrypto has released its Metaverse as a new training space for the crypto community under the model Learn to Earn and Proof of Community, two of the pillars of this new project.Expert takeEdul Patel, CEO and co-founder, Mudrex, said that Bitcoin's price rebounded after falling below the $20,000 level over the weekend. It might take some time