Ethereum and Bitcoin Rallied During the Day

Ethereum and Bitcoin rallied during the day. While ETH climbed to a 4-month high, BTC reached $ 50 thousand once again.

After the news of the central digital currency trial of 4 central banks, Bitcoin exceeded $ 50 thousand despite the statements of SEC Chairman Gensler about regulations. Bitcoin, which last exceeded $ 50 thousand on August 23, then fell to $ 46 thousand. After a long time, Ethereum reached above $ 3,700 once again. The Bank for International Settlements (BIS) has announced that it will test the use of centralized digital currency (CBDC) between central banks of Australia, Malaysia, Singapore and South Africa. The project, called the Dunbar Project, aims to develop a common platform for making international payments in digital fiat currency. According to the BIS statement, the system will allow direct transfers between centralized digital currencies, reducing cost and time spent. Andrew McCormack, Managing Director of the BIS Innovation Center Singapore, said, "Our work on multiple CBDCs is laying the groundwork for the next phase and establishing global payment connections."