• Skip to primary navigation
  • Skip to main content

CryptoCurrency Info

crypto news

  • Home
  • CryptoCurrency
  • What is BitCoin
  • What is Blockchain
  • How To Trade
  • About Us
  • Contact Us
  • Donate
  • NEWS Section
  • Show Search
Hide Search

Bitcoin Price Flat, But DOGE Soars 20% Due to Elon Musk

admin · January 16, 2022 ·

Bitcoin is trading in relatively small ranges this week. That provided some relief for market participants after the volatile crypto trading earlier this year. In the past day, bitcoin prices have tended to be flat with around 3% gains during the kick-off, compared to ethereum’s 5% gains.
However, some traders and analysts remain cautious given that the price of the cryptocurrency with the largest market cap fell below $40,000 earlier this week, if only briefly.

“The price swings are all on [small trading volume], which can amplify the price movement,” Q9 Capital, a Hong Kong-based crypto investment platform, said Friday (14/1/2022). “No new capital comes in and no one wants to sell or buy,” wrote Q9.

Attempts earlier this week to form a rebound faced more substantial selling, indicating seller pressure,” said Alex Kuptsikevich, an analyst at FxPro.

Kuptsikevich is particularly concerned about further declines for ether, the world’s second-largest crypto asset by market cap after bitcoin. If the momentum does not improve, he anticipates the worst case scenario the price will fall in the range of US$1,300-US$1,700 ETH, which is about 50% below the current price level.

However, not all assets in the crypto ecosystem experience a slowdown in trading activity, as bitcoin is experiencing.

The trading volume of non-fungible tokens (NFT) continues to soar. For example, OpenSea, a large NFT market, is on track to register more than US$6 billion in transactions by the end of the month.

Next up is dogecoin (DOGE), a dog-themed meme coin that is gaining popularity. Its price jumped nearly 14% on Friday after the boss of electric car maker Tesla, Elon Musk said Tesla would accept the crypto asset as a means of payment for the company’s merchandise. DOGE prices are up about 20% over the past week.

koin

Poker QQ bandar qq QQ online sbobet88 deposit pakai pulsa joker123 deposit pakai pulsa bandarq jp99 jp99 sabung ayam sabung ayam online permainan batu goncang permainan slot online copa99 slot online slot online deposit pulsa modal receh sbobet88 online sbobet88 deposit pulsa slot gacor slot bangjago agen sbobet88 slot online terpercaya copacobana99 slot gacor terbaru berkah303 slot paten slot Tergacor slot Tergacor dan anti rungkat slot copacobana99

CryptoCurrency Info

Copyright © 2023 · Monochrome Pro Dataentryjob