At the time of writing this article, bitcoin is trading above $19,100. So far this week, the drop exceeds 27%. What market analysts and investors feared has finally happened: the price of bitcoin broke the level of 20,000 dollars downwards this Saturday, June 18, which also implies the breaking of a historical pattern for the cryptocurrency in the market. During … Read more
Dogecoin lost almost all of its value following the surge in social media. Its price drop intensified in the general bear market for cryptocurrencies. The price of the cryptocurrency dogecoin (DOGE) fell 93% from its all-time high 14 months ago. The depreciation has caused it to lose almost all the growth it had had, driven by the massive sales of … Read more
The effective price is $23,340, according to Glassnode. Bitcoin touched the $20,000 band on Monday before returning to $22,000. Amid the collapse of the bitcoin (BTC) and cryptocurrency markets, it is not yet certain that the market has bottomed, Glassnode notes in its latest analysis. The current phase may last between 8 and 24 months before the market really bottoms … Read more
The World Bank projects a 2.9% slump in world growth in 2022. The price of bitcoin could be impacted by this context, according to analysts. The World Bank released this week a harsh prospectus on the current global economy and what the future holds. In his extensive report, the bank states that the risk of stagflation increases amid a sharp … Read more
The report collected information from 9,500 people around the world. Lower-income people tend to be less optimistic about the future of Bitcoin. The versatility and potential of Bitcoin have allowed it to be seen as a tool for various purposes. Among these, its purpose as an investment instrument stands out as an asset to obtain future profits, and as a … Read more
The price of bitcoin this Monday 30 exceeded the closing price of May 10. Since the local low on May 27, the bitcoin price has recovered 11.2%. The rally in the price of bitcoin (BTC) this Monday, May 30, which closed at USD 31,779, managed to reverse the decline of the last three weeks and exceed the closing price of … Read more
LUNA2 was priced at almost $20 at launch and is now at $6. Several exchanges have listed the cryptocurrency, enabling withdrawals, deposits, and trading. Do Kwon, the co-founder, and CEO of Terraform Labs, the creator of the Terra (LUNA) cryptocurrency, announced this Saturday the launch of the new Terra 2.0 blockchain, with which they intend to revive the failed LUNA … Read more
Bitcoin has depreciated 1% every day for the last month, highlights Glassnode. Analysts agree that demand is likely to continue to decline due to current market fundamentals. Bitcoin (BTC) turns ten days today without exceeding the USD 30,000 band, at the same time that its minimum price has been rising, behavior that shows that, although there is demand, it is … Read more
Gucci customers will be able to make payments with more than 10 cryptocurrencies. Customers from New York, Los Angeles, Miami, Atlanta, and Las Vegas will be able to pay with bitcoin. Gucci, the famous Italian luxury goods firm, launched a pilot program that will allow payments to be made with bitcoin and other cryptocurrencies in five of its stores in … Read more
Cardano is the platform on which ADA, a cryptocurrency that can be used to send and receive funds, was developed. It is a smart contract platform, with some characteristics similar to Ethereum (not by chance since its creator, Charles Hoskinson, is one of the co-founders of Ethereum), offering new levels of security and scalability thanks to a multi-layer architecture. It … Read more