Crypto wrap: Anticipation of G20 Summit outcome keeps bulls, bears fighting

In anticipation of the upcoming G20 Summit in New Delhi and the possibility of some progress towards global regulations on cryptocurrency, the market has been trading flat for the last one week.

According to market data from CoinMarketCap, Bitcoin was down 0.57 per cent in the last seven days and Ethereum was down 1 per cent. The total market cap was down to $1.041 trillion on Friday as compared to $1.046 trillion on September 1 (last Friday).

“With India gearing up to host the G20 Summit, it’s anticipated that cryptocurrency will take centre stage in discussions among global leaders,” the research team of crypto exchange CoinDCX told Business Standard.