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Create: 2024-09-11 Update: 2025-07-05 10:17:31

News Digest

Welcome to the third edition of Paysenger’s Crypto Digest, where we bring you the key crypto news from the past week.

📰 Bitcoin Update: It was a bearish week for Bitcoin. After a brief rise to $57,008 following US labor market data on September 6, #BTC quickly dropped to $52,550, losing 7.8% in 9 hours. For the week, Bitcoin fell about 6%. Interest is also dropping, with Google searches for “Bitcoin” at their lowest since August 2023. August mining revenue was $851.36 million, the lowest in 2024. While September tends to be tough, there’s hope for an October rebound.

📰 Altcoin Season Ahead? As #BTC struggles, altcoins are holding steady and showing slight growth, suggesting funds are shifting from Bitcoin to altcoins, possibly signaling an upcoming altcoin season.

📰 Memecoins Losing Appeal: The top 10 meme cryptocurrencies have dropped an average of 63.7% from their peak prices over the past year.

📰 Crypto and States: 🇺🇸 Kamala Harris’ campaign is accepting crypto donations via #Coinbase. 🇨🇭 Zurich Cantonal Bank in Switzerland has launched #Bitcoin and #Ethereum trading. 🇸🇻 El Salvador continues its 1 BTC per day purchase, now holding 5,867 #BTC. 🇶🇦 Qatar has begun regulating digital assets, and 🇷🇺 Russian companies are increasingly using #USDT for crypto settlements. 🇰🇿 Bybit received a full operating license in Kazakhstan.

📰 Nvidia Facing Lawsuit: The US Department of Justice has subpoenaed Nvidia and others over possible antitrust violations, causing market turbulence.

📰 Mastercard Enters Crypto: Mastercard is partnering with Mercuryo to launch its own cryptocurrency.

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