Dogecoin

Bitcoin is up around 1% in 24 hours to $20,400. Ethereum added 3.2%, while other top 10 altcoins gained between 0.7% (Dogecoin) and 2.8% (XRP). Buyers have braced themselves on the back of positive stock indexes despite the strengthening Dollar. 

While there's a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese.

The test period begins in October

Digital currencies have seen significant gains in 2021 jumping 154% in value since January 1. On August 18, Cryptovantage published a study that shows 3 in 4 crypto investors said they had made money on their crypto holdings and cryptocurrencies represent 12% of the average millennial portfolio.

The price of bitcoin has nosedived after fresh reports emerged that China has expanded its crackdown on the mining of cryptocurrencies.

Faruk Fatih Özer, the founder and CEO of Thodex, has remained the sole suspect on the run in the judicial investigation into the cryptocurrency exchange platform.

Bitcoin tumbled below the 40,000 USD mark on Wednesday hitting a 3,5 month low and dragging down other digital coins after China imposed new restrictions on transactions involving cryptocurrencies.

The coin is now down 40% from a record high of almost USD 65,000 hit on April 14. It is also heading for its first monthly decline since November 2018.

Bitcoin rallied from a three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk's tweets about the carmaker's bitcoin holdings.

The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles.

Twitter posts by entrepreneur Elon Musk, rapper Snoop Dogg, and musician Gene Simmons caused Dogecoin cryptocurrency to hit a historic high on Monday, according to CoinGecko, a website which tracks fluctuations in the value of the world's major cryptocurrencies in real time.