Crypto Update 9/2/21 | Digital Scarcity: Why NFTs Enchant Us

With bitcoin breaking above a notable $50,000 resistance, ether breaking out above $3,800, and a deep dive into what motivates people to buy digital art over physical art, CoinDesk’s Markets Daily is back with the latest news roundup.

This episode is sponsored by Kava, Nexo.io and Bitstamp.

Today's Stories: 

Bitcoin Holds Support; Testing $50K Resistance

Ether’s Options Market Sees Highest Trading Volume Since May 

Stock Futures Inch Up Ahead of Jobless Claims, Trade Data 

Stimulus hints boost beaten-down Chinese tech stocks

Featured Story: Art in the Age of Digital Scarcity: Why NFTs Enchant Us

This episode was edited & produced by Adrian Blust. 

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Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.

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Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.