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The argument Bitcoin as a form of “digital gold” is falling apart. As the world’s largest cryptocurrency slips to $38,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold.  Source link

It is becoming a more common occurrence: When stocks fall, so does bitcoin.  Bitcoin, the world’s largest cryptocurrency by market value, fell below $38,000 Friday to its lowest dollar value since August 2021, according to CoinDesk. It later regained some ground and was trading at $38,616.17, down 6.7% from its level late Thursday and more than 40% from its record in November 2021. The drop came fast on the heels of a late-afternoon swoon in… Source link

Image source: Getty Images Bitcoin produced 73% returns last year, but there are at least three coins that could do better than the “granddaddy of crypto” this year. Key points Last year Bitcoin produced a respectable 73% return… Source link

Updated Jan. 21, 2022 9:45 am ET Wall Street stock indexes opened lower after disappointing earnings reports from some popular technology stocks. Here’s what we’re watching at the end of a rough week on Wall Street: Bitcoin’s price fell below $40,000, and crypto stocks were dragged down with it, including Coinbase COIN… Source link

Matic, Avalanche, Solana, Cardano, Litecoin, Bitgert & Centcex – Amazing Facts About These Cryptocurrencies Here are some of the best cryptocurrencies of 2022 and the amazing facts crypto investors need to know about them   There are thousands of cryptocurrencies in the crypto industry today. In fact, most newbies are having a difficult time selecting the best crypto investment because of this huge number of projects. But investors can make a smart decision only after understanding the… Source link

Monero price is constantly declining from its peak of $300 from last November onward and is about to reach its support line of $176. The XMR coin began to rise during December but formed a lower peak at $255 compared to the previous peak of $300. From the last December to January period, XMR gave a return of 45% to its investors, while from January 02 to the current date, it faced considerable correction.  If we look at the 4-hourly time-frame chart, the XMR coin has started to rise from… Source link

by Analytics Insight January 21, 2022 This article features an update on cryptocurrencies like Avalanche, Matic, Litecoin, and more The third week of January has seen the crypto market price plunge, though not as big as the first week. But this has not stopped cryptocurrencies from posting impressive growth in developing networks, adoption rates, and so on. There are exciting updates that crypto investors need to know today about these top cryptocurrencies of 2022:   Bitgert Bitgert team… Source link

Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever. Data from on-chain monitoring resources including Glassnode and BTC.com confirms that as of Friday, the Bitcoin network difficulty is at a new all-time high. Difficulty passes 26 trillion for the first time The difficulty, which expresses how much miners need to work to solve the equations to process transactions on the blockchain, is arguably the most important of… Source link

Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s most valuable cryptocurrency has plummeted over 15% since the beginning of the year. In November it was trading at a record high of $68,990. Its peers have fared worse recently. Ethereum, which is the world’s second most valuable cryptocurency, fell almost 8% in the last 24 hours, and is now trading at around $2,895, according to CoinDesk. It is down almost 20%… Source link