Crypto Market Analysis: 14th September 2021

Both bitcoin and ether are trading at lower levels after the flash crash of 7 September. Bitcoin saw the biggest fall in value following the collapse of Tuesday. Having traded close to $53,000 the cryptoasset plummeted to as low as $43,000 within 12 hours. The price of BTC has been trading in this range since and this morning sits around $44,700. Ether meanwhile saw a similar selloff, erasing the cryptoasset’s entire/total gains for September. ETH began a run around 1 September that saw it rise from trading levels of around $3,200 to just below $4,000. It is now however back trading around $3,300. Cardano Twitter phishing scam warning Scam detectors are warning of a new phishing scam affecting Twitter users. The scam generates from Russia according to Cardano Phishing Bot on Twitter and appears to be targeting prospective Cardano investors. The elaborate scam seems to be using old recordings of Cardano founder Charles Hoskinson to dupe would-be investors into sending amounts of ADA to the scammers. The scam purports to be an ADA ‘lottery’. Victims are encouraged to enter the jackpot with at least 1,000 ADA to be in with a chance to win 1,000,000 ADA. There is however no jackpot, and anyone participating will lose all their tokens. With scams becoming increasingly sophisticated in nature, crypto investors have to be ever-more vigilant to the risks of spurious offers. Bitcoin flash crash mars El Salvador launch On the day bitcoi...