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Answered at Sep 23, 2024

Hi! Here's a brief update on some key cryptocurrency happenings:

Bitcoin recently hit a monthly high, passing $63,000 over the weekend. This surge came after the US Federal Reserve signaled potential interest rate cuts. The global crypto market cap is now around $2.24 trillion.

Some top gainers in the past 24 hours include Bittensor (TAO) up 23%, Sui (SUI) up 14%, and ImmutableX (IMX) up 12%.

A few important events are happening in the crypto world this month:

  • Polygon upgraded its mainnet, transitioning from MATIC to POL tokens to improve scalability.

  • Korean Blockchain Week is taking place in Seoul, bringing together industry leaders.

  • The first US presidential debate between Trump and Harris on September 10 could impact market sentiment.

  • The upcoming US Consumer Price Index (CPI) data release will provide insights on inflation, which often affects crypto prices.

For new crypto traders, it's recommended to start with established coins like Bitcoin and Ethereum. Always do your own research before investing. The crypto market is very volatile, so only invest what you can afford to lose.

Major exchanges like Binance continue to see high trading volumes. South Africa's crypto market revenue is projected to reach $246 million in 2024.

Overall, the crypto space remains very active in terms of price movements, upgrades, and adoption. But it's important for investors to stay informed and cautious in this fast-moving market.