This Week in Coins: Steady Week for Bitcoin and Ethereum, Toncoin Balloons 23% - Decrypt


16 Sep 2023 7:16 PM

XLM rallied after a tweet promised “something cool.” It turned out to be a big-budget commercial with Idris Elba....

  • Bitcoin (BTC) grew 3% over the week, trading at $26,564, while Ethereum (ETH) remained stable at $1,636.
  • Ethereum's growth may have been affected by reports of inflation in its supply.
  • Bitcoin Cash (BCH) grew 11.5% to $213.79, and Toncoin (TON) surged 23% to $2.20 due to integration with Telegram's messaging app.
  • Stellar (XLM) fell 9.3% to $0.118263, correcting from a previous rally.
  • Sony Network Communications announced the development of a blockchain network in collaboration with Startale Labs.
  • PayPal launched crypto to USD off-ramps and its own stablecoin, PayPal USD.
  • Taurus, a Swiss crypto fintech firm, partnered with Deutsche Bank for custody and tokenization services.

The sentiment of the article is mostly neutral, with some positive sentiment towards the growth of Bitcoin Cash and Toncoin due to integration with Telegram. There is also positive sentiment towards the adoption of cryptocurrencies by Sony, PayPal, and Deutsche Bank. However, there is negative sentiment towards the correction in Stellar's price.

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You May Ask

What was the price of Bitcoin at the start of the week?How did Ethereum's supply recently change?Which cryptocurrency experienced a significant price increase due to integration with Telegram?What partnership did Taurus announce with Deutsche Bank?What did Sony Network Communications announce in collaboration with Startale Labs?

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