Wednesday, August 10, 2022

Why Is Crypto Going Up

Investors Stick With Bitcoin Etfs Despite Cryptos Slump

Why Does the Price of Bitcoin and Cryptocurrencies Go Up?

— Bitcoin is on pace for its worst monthly performance since May, but exchange-traded fund investors are still plowing money toward products that track the cryptocurrencys futures. The ProShares Bitcoin Strategy ETF has taken in more than $40 million so far in December, its third straight monthly infusion, according to data compiled by Bloomberg. Similarly, investors have added $6.5 million to the Valkyrie Bitcoin Strategy ETF since the end of November, also its

Which Other Cryptocurrencies Are Up Today

Of the top trading cryptos at the moment, Binance Coin, Solana, Cardano, XRP, Polkadot, Dogecoin, Avalanche, Terra, SHIBA INU and Polygon are all trading up.

If you are planning on investing in crypto coins, please note:

  • The value of investments is variable and can go down as well as up.
  • If youve been approached by a trader promising large returns, this is a scam.
  • Always ensure the seller is registered with the UK Financial Conduct Authority . Many cryptocurrency sellers are not. A list of registered traders can be found on the FCA website.
  • This article contains affiliate links, though this has not affected our editorial judgement.

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Why Should You Choose A Reliable Exchange

While governments of many countries are issuing more fiat money to overcome the consequences of the economic crisis, cryptocurrency is increasing in value. It happens because people, especially investors, see a safe hub in crypto, while fiat money is devaluating. Therefore, many scammers have become active in the hope to steal some funds from those willing to invest in crypto.

Now, you see the reason behind this tip: to deal with reliable companies when you are going to buy or sell cryptocurrency or fiat money online. Thats why Switchere.com is the best place to purchase or send your funds instantly, at the lowest costs, without hidden fees. On the site, you get the following benefits:

Thus, fiat money, even USD, isnt the most reliable option now. It is time to buy cryptocurrency. Whether you are purchasing EST, bitcoins, or any other crypto-coins, you have an easy way to do it: via a reliable exchange.

Rajesh Jhamb

Also Check: Where To Buy Apollo Cryptocurrency

Why Is Crypto Going Down Will The Slide Continue

Bitcoin is the face of the cryptocurrency market. And the majority of price movement within the market is dependent on Bitcoins success or failure.

For example, most altcoins face volatility when Bitcoin begins to drop. Anything from negative press to government crackdowns can cause a chain reaction that leads to a crypto crash.

At the moment, Bitcoin is trading around $40,000 after hitting an all-time high of $64,829.14 in April. So why is crypto going down so quickly after most digital currencies were reaching new highs in recent months?

Recent government crackdowns and the resulting backlash have led to market uncertainty and volatility. And while most experts believe its only a matter of time before the crypto market recovers, many investors are trying to determine if nows the time to get in or get out.

So lets take a look at the bigger picture. Bitcoin finished June down 6%, and the volatility has continued into the fall. On the other side of the crypto spectrum, the meme token Dogecoin is down more than 70% over the past two months after hitting an all-time high of $0.740796.

According to a CryptoCompare, trading volume on Coinbase, Binance, Bitstamp and Kraken fell more than 40% in June. These are some of the largest and most popular cryptocurrency exchanges. And in total, the crypto market lost more than $1.3 trillion in a two-week span.

Why Is Fantom Ftm Going Up

Why Is Crypto Going Down Today : Going Up Going Down ...

Fantom FTM is also known as the Ethereum-killer and it has been in the crypto global market for a long time now. Fantom is basically a platform that allows its users to build decentralized applications and also create NFT tokens. Because of the recent success of this platform, its cryptocurrencys value seems to be on a constant rise. According to the Data compiled by DeFi Llama, Fantom has now become the fifth-biggest platform in the industry with a total market value of all the apps built by Fantom crossing the $3.8 billion mark. So it is not shocking to see the price of this cryptocurrency reach its all-time high or even higher.

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Crypto Executives Testified Before Congress

On Wednesday, crypto industry executives testified before the House Financial Services Committee.

The hearing was called by committee leader Rep. Maxine Waters, D-Calif., in an effort to understand crypto assets better and discuss potential regulation.

“Because of their nascent stage of development and unique underlying technology, digital assets trade in markets that are fundamentally different from traditional financial markets,” Alesia Haas, Coinbase chief financial officer, said in her testimony. “As a result, existing regulatory regimes often do not accommodate this new technology.”

The discussion was overall positive, rather than contentious, Jeremy Allaire, chief executive officer of Circle, the issuer of the stablecoin USDC, said after the hearing.

Kyle Samani Managing Partner Of Multicoin Capital

In spite of the bearish sentiment clouding the crypto market, Samani is optimistic that “we have not seen tops for BTC, ETH, or SOL.”

But after witnessing all the technological breakthroughs over the past year, he has begun to think about bear markets in digital assets in a very different way.

In his view, the next downturn, whenever that may occur, will not be like the last one that came after the raging bitcoin bull market in 2017. While enthusiasts got overly excited about initial coin offerings backed by nothing but white papers back then, the technologies built in this cycle are being put into real use.

“The hype of 2017 was substantiated on the basis of the fact that nothing worked,” he told Insider. “This time around, that’s just not true. This time around, everything works. There’s real utility and you can see the value of that.”

As a result, he expects the performance of other tokens to decouple from bitcoin.

“I think that you will continue to see bitcoin act differently than the rest of the market. The traditional views of crypto were just that the other assets were levered exposure to BTC or they were just higher beta,” he said. “The thing is now these assets all do different things, and they have different functions, different utility.”

His crypto hedge fund is betting on layer-one protocol solana , decentralized blockchain helium , and indexing protocol the graph to lead the pack of tokens backed by strong technological fundamentals.

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Why Is Cro Going Up The Next 10x Coin

TL DR Breakdown

  • Crypto.com launched a $100 million global ad campaign featuring the actor Matt Damon.
  • CRO surged more than 100% since it took off from the $0.2040 price two weeks ago
  • Cronos chain Beta version goes live today.
  • All transactions on the Cronos chain are paid in CRO.

Many cryptocurrencies have been on the uptrend over the recent weeks. Amidst the bull market, its common to see tokens surge in accordance with the trend in their respective category. For instance, when Shiba Inu began printing higher highs on the price chart, other tokens in the meme-coin category quickly follow suit. The native cryptocurrency of Crypto.com is not left out in this escapade as it is having a nice ride alongside other tokens from major exchanges.

Us Could Embrace Crypto In 2022huge Bitcoin And Ethereum Price Prediction Revealed

Why Crypto Is Crashing

    Bitcoin and cryptocurrency prices remain under significant pressure following a sharp sell-off last weekendsparking worrying “bubble” warnings.

    The bitcoin price has lost almost 20% since last week and is trending downward, moving lower along with the second-largest cryptocurrency by value, ethereum. The ethereum price has lost around 15% over the last week.

    Now, one closely-watched analyst has said he expects the U.S. to “embrace cryptocurrencies in 2022″predicting the bitcoin price “appears to be on a trajectory for $100,000” and the ethereum price could hit $5,000.

    CryptoCodexA daily newsletter for the crypto-curious. Helping you understand the world of bitcoin and crypto, every weekday

    The bitcoin price has rocketed higher over the last year, helping to boost the ethereum price as … investors pile into cryptocurrencies.

    “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” Bloomberg Intelligence senior commodity strategist Mike McGlone wrote in his latest research note, adding, “the unlimited supply of fiat currency should sustain rising prices, notably in bitcoin and ethereum, which have limited supply.”

    However, soaring inflation and a strong U.S. jobs market could mean the Fed moves to curtail its stimulus program in 2022something McGlone thinks could mean the price of both bitcoin and ethereum continue to rise even as stock markets fall.

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    What Are Cryptocurrencies

    Cryptocurrencies are essentially just digital money, digital tools of exchange that use cryptography and the aforementioned blockchain technology to facilitate secure and anonymous transactions. There had been several iterations of cryptocurrency over the years, but Bitcoin truly thrust cryptocurrencies forward in the late 2000s. There are thousands of cryptocurrencies floating out on the market now, but Bitcoin is far and away the most popular.

    Price Analysis Of Cro

    At the time of writing, CRO was trading at the price of $0.378777 just after hitting an all-time-high of $0.408171 and has retraced about 7.5% to the 0.5 Fibonacci ratios on the 1-hour time frame.

    Over the past weeks, the price of the token surged significantly. During the time, the daily trading volumes were soaring to over $661 million, leading up to the ATH, and a market capitalization of around $9 billion.

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    Why Is My Password Not Working On Twitter

    If your password doesn’t work, request a new one by entering your email address on the reset form. If the system cannot find your email address, you may have entered the wrong email address. Keep reading. I can’t remember the email address I used for my account. Use your account username and password to log in to Twitter.

    What Bitcoin Price Volatility Means For Investors

    Why Is Bitcoin Going Up March 2021

    Bitcoins volatility is more reason for investors to play a steady long game. If youre buying for long-term growth potential, then dont worry about short-term swings. The best thing you can do is not look at your cryptocurrency investment, or set it and forget it. As experts continue to tell us each time theres a price swing whether up or down emotional reaction can cause investors to act rashly and make decisions that result in losses on their investment.

    Recommended Reading: How To Get Money Out Of Bitcoin

    Arrow Glacier Upgrade To Ethereum Went Live

    Developers activated Arrow Glacier, an upgrade to the Ethereum network, on Thursday.

    The upgrade pushed back the so-called “difficulty bomb,” which could potentially slow or freeze mining on Ethereum, back to June 2022. By that time, developers hope to have transitioned Ethereum from a proof-of-work model for mining to a proof-of-stake model.

    Developers plan to introduce the “bomb” to motivate the transition to proof-of-stake, since it will make proof-of-work mining significantly more difficult.

    Delaying the “bomb” gave developers more time to work on Ethereum 2.0, or Eth2, before the shift.

    To learn more about Eth2, read here.

    How Do You Mine Cryptocurrency

    Bitcoin, Litecoin, Ethereum, and other cryptocurrencies don’t just fall out of the sky. Like any other form of money, it takes work to produce them. And that work comes in the form of mining.

    But let’s take a step back. Satoshi Nakamoto, the founder of Bitcoin, ensured that there would ever only be 21 million Bitcoins in existence. He reached that figure by calculating that people would discover, or “mine,” a certain number of blocks of transactions each day.

    Every four years, the number of Bitcoins released in relation to the previous cycle gets reduced by 50%, along with the reward to miners for discovering new blocks. At the moment, that reward is 12.5 Bitcoins. Therefore, the total number of Bitcoins in circulation will approach 21 million but never actually reach that figure. This means Bitcoin will never experience inflation. The downside here is that a hack or cyberattack could be a disaster because it could erase Bitcoin wallets with little hope of getting the value back.

    As for mining Bitcoins, the process requires electrical energy. Miners solve complex mathematical problems, and the reward is more Bitcoins generated and awarded to them. Miners also verify transactions and prevent fraud, so more miners equals faster, more reliable, and more secure transactions.

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    Price Chart Of Xrpusd In Real Time Mode

    The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

    % Of Total Bitcoin Supply Has Been Mined

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    As of Monday morning, 90% of the total bitcoin supply of 21 million has been mined, according to data from Blockchain.com.

    The remainder is not expected to be mined until February 2140. Until then, miners can continue to earn bitcoins.

    Bitcoin operates on a proof-of-work model, which means that miners must compete to solve complex math problems to validate transactions. It’s not an easy process reaching the 90% milestone took 12 years.

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    Broader Institutional Cryptocurrency Adoption

    Mainstream companies across industries have taken interest and in some cases themselves invested in cryptocurrency and blockchain in 2021. AMC, for example, recently announced it will be able to accept Bitcoin payments by the end of this year. Fintech companies like PayPal and Square are also betting on crypto by allowing users to buy on their platforms. Tesla continues to go back and forth on its acceptance of Bitcoin payments, though the company holds billions in crypto assets. Experts predict more and more of this buy-in.

    Weve seen a tremendous amount of inflow of attention, and thats going to continue to drive the growth of the industry for a while now, says Abner.

    Some experts predict bigger, global corporations could jumpstart this adoption even more in the latter half of this year. What were looking at is institutions getting involved in crypto, whether its Amazon or the big banks, says Weiss. A huge retailer like Amazon could create a chain reaction of others accepting it, and would add a lot of credibility.

    Indeed, Amazon has recently sparked rumors that its making moves to that end by sharing a job posting for a digital currency and blockchain product lead. Walmart is also recruiting a crypto expert to oversee its blockchain strategy.

    Has Bitcoins Bubble Burst

    When assets rise very quickly in price, typically this makes a crash much more likely. Or at the very least a correction, when the price falls back down to a more normal level.

    That is the situation bitcoin is in right now. Although no one can really say what is a normal level for bitcoin.

    It took the cryptocurrency 11 years from launch to get to $20,000 per coin, but only three weeks for bitcoins price to double from there.

    A decisive year for currency was in 2013. The Bitcoin price 8 years ago went from $13.40 at the start of the year to its height in December of $1,156.10, before falling to around $760 three days later.

    Fast forward to 2020/21 and the price had soared by more than 700% in 12 months.

    Where it is heading next is equally unpredictable.

    Check out one Times Money Mentor readers crypto experience: Bitcoins rollercoaster ride has swept me to an £8,500 profit in less than a year

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    Regulations And Legal Requirements

    There’s some confusion about who should regulate the exchange of cryptocurrencies. The Securities and Exchange Commission says cryptocurrencies are securities like stocks and bonds, while the Commodity Futures Trading Commission says they’re commodities like coffee or gold.

    Both can’t claim regulatory authority over cryptocurrency exchanges. A determining ruling could provide greater clarity and improve cryptocurrency values while opening the door for more widely traded crypto-related financial products.

    Regulation is required to allow for easier ways to trade cryptocurrency. Products such as ETFs or futures contracts provide more access to cryptocurrency for investors, increasing its value. Additionally, regulation could enable investors to take short positions or bet against the price of cryptocurrencies with futures contracts or options. That should produce better price discovery and reduce the volatility of cryptocurrency pricing.

    Regulations could also negatively impact demand for cryptocurrency. If a governing body changes the rules to disfavor cryptocurrency investment or use, it could send the price of cryptocurrencies lower.

    El Salvador President Buys More Bitcoin

    Why All Crypto Going Down Today 2021 / Bitcoin Btc Usd ...

    The president of El Salvador has announced the purchase of a further 21 bitcoins, adding to the Central American countrys already-considerable stash of cryptocurrency.

    Nayib Bukele shared screenshots of the latest bitcoin buy, which cost close to $1 million, noting the significance of the date, time and even the countrys size which all line up with the 21 million bitcoins that will ever exist.

    El Salvadors entire size is 21,000km2, he wrote on Twitter. Coincidence? I dont think so!

    And today is the last 21st day of the year 21 of the 21st century.

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