Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Everything seems to indicate that the announcement of the Banco Central Europeo slightly shook the price of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and other cryptocurrencies this July 21. However, there are several exponents that capitalize on remarkable gains gains refer to an increase in value or profit. at the time of publishing.
- BTC is down and is trading below the USD $23,000 barrier.
- XRP, ADA, DOT, DOGE and others also fall this July 21.
- But currencies like MATIC, ATOM and many others increase significantly.
After the good run seen yesterday in the crypto market, Bitcoin and several of the main exponents are going down on July 21. This fall coincides with the increase in interest rates decreed by the U.S. Federal Reserve.Banco Central Europeo (BCE), a measure to deal with the crisis that is being felt in the economies of the countries of the region.
Bitcoin back this July 21
As usual, we begin our report by reviewing the evolution of Bitcoin (BTC), which for this July 21, registered a drop of 3.5% in the last 24 hours, trading at USD $22.921 per unit at the time of publication.
De acuerdo con información publicada en nuestra sección CryptoMarkets DailyBitcoin y CoinMarketCap Bitcoin’s price started to fall since the afternoon of July 20th, but the decline was especially pronounced as of 11:00pm (New York time) yesterday.
After the announcement made by the European Central Bank we see that the price of the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. went down again, falling below the barrier of USD $ 23,000 for much of the day. And although it recovered slightly a few hours ago, it again recorded a fall to reach the aforementioned values.
European Central Bank raises interest rates
As we have been mentioning, the fact directly associated with this fall has to do with the announcement made by theBanco Central Europeo in the morning hours of July 21, as the entity decreed an increase of 0.5% in interest rates, this being the first increase in the last 11 years.
According to information published by theBCE, the entity believes it is necessary “take a more significant first step on its path of normalising official interest rates than indicated at its previous meeting.” . Considers that “the decision will contribute to the return of inflation a general increase in prices and fall in the purchasing value of money. to the Governing Council’s medium-term objective by strengthening the anchoring of inflation expectations and ensuring the adjustment of demand conditions towards the achievement of its medium-term inflation objective”.
According to the agency, the goal is that inflationary levels return to below 2% in the medium term, but the measure is surprising for analysts, since they expected an increase in interest rates by 0.25%.
As for the fall of Bitcoin, Let’s keep in mind that yesterday the team of Tesla revealed that it sold approximately 75% of the bitcoins it had held since 2021. Although it was not revealed when the exact time of the sale was, after the news broke the leading digital currency went down amid sales recorded across major exchanges.
Several altcoins go down on July 21st
Como suele pasar en estos casos, no solo Bitcoin fell this July 21, as the digital currency was accompanied by other exponents that also went down today.
In this sense, we have the falls of currencies such as XRP, ADA, DOT y DOGE, which recorded drops of between 1% and 4% in the last 24 hours, but exponents such as FIL, LUNC, WAVES and BAT are down more than 5% from yesterday.
Winners of the day
Contrary to the above cases, among the main altcoins there are winners with quite remarkable increases. Such is the case of coins like ATOM with an increase of more than 10%, followed by RUNE y MATIC with gains of 9.6% and 6.2% respectively.
The most important news of the day
Below, we share with readers some of the most read news in the last 24 hours:
- European Central Bank raises interest rate for first time in 11 years, Bitcoin in slight decline
- Blockchain.com joins the layoffs: 25% of its staff will be cut and will close refers to the closing price; similar to the same term used in stock trading. office in Argentina
- Telecommunications company AT&T to educate users about digital assets
- Tesla sold almost all of its Bitcoin, but keeps Dogecoin, Elon Musk revealed
- Spanish exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Bit2Me buys Peruvian crypto exchange Fluyez
To buy cryptocurrencies through DiarioBitcoin
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