market analysis

HitBTC Digest September 2022: crypto market and HitBTC platform news!

HitBTC Team

• 2 min read
HitBTC Digest September 2022: crypto market and HitBTC platform news!

Our industry experts have prepared a short digest outlining the main news of the crypto market and the latest updates that have taken place on the HitBTC platform!

Cryptocurrency Market:

In September, the prices of the main crypto assets continued to decline.

BTC price on September 30 was $19.495 and showed a 3,1% drop from $20.259 on September 1.

The Ethereum network update from Proof-of-Work (PoW) to Proof-of-Stake (PoS), the Merge, did not affect Ethereum prices positively.

ETH price showed a 12% drop in September 2022. The price of Ethereum was $1.335 on September 30.

The best-performing altcoins in September were:

  • Quant (QNT) from $96.6 to $143.6
  • XRP (XRP) from $0.32 to $0.48
  • Compound (COMP) from $46.93 to $61.1
  • PancakeSwap (CAKE) from $3.95 to $4.77

What is new on HitBTC:

  • In September, we burned a total of 27,680,211 HIT tokens (about $3,6 million USDT). Transaction Link
  • We have added a number of improvements in our Crypto Wallet:

iPhone and Android app users can now send funds to other HitBTC users using zero-fee off-chain transfers. We know that the crypto wallet addresses might look confusing, so transfers to other HitBTC users can be made via their email, user ID, and anonymous links.

In September, we successfully supported forks and updates of the following projects:

New listings on HitBTC:

PLC Ultima (PLCU) is a mass-use crypto tool that aims to provide users with access to global financial infrastructure and instant payments around the world.

EthereumPoW (ETHW) is a hard fork of the Ethereum blockchain after the Merge. The Merge saw Ethereum transition to Proof-of-Stake, while the forked version remained on Proof-of-Work.


Fees and Limits update

We have recently updated our Fees and Limits. For the latest updates, please visit the Fees and Limits section on our website here.

HitBTC Mobile App

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