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Between rises and falls, Bitcoin price hovers around USD $42,000 for the morning of January 20th

January 20, 2022
Reading Time: 4 mins read
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bitcoin
What is Bitcoin?

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.

While 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. continues to fluctuate around USD $42,000 this January 20, the major altcoins are reacting in a mixed fashion at this time of the morning.

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***

Bitcoin around USD $42,000 this January 20th

We open our report for the morning of January 20th by reviewing the evolution seen in the price of Bitcoin ( BTC ), the main 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. that still continues with low prices but this time is trading at around USD $41.990 per unit, experiencing a slight drop of 0.3% in the last 24 hours.

According to information published in our section CryptoMarkets , the main digital currency still fails to raise its head and resume some uptrend to get out of this period of uncertainty. Meanwhile, its price is around USD $42,000 per unit amid some volatility, with fluctuations ranging within the range of USD $200 both for and against.

Bitcoin price evolution this January 20th
Bitcoin price evolution this January 20th

Diverse reactions among major altcoins

The volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. seen in the Bitcoin price for the morning of this January 20 is also being felt among the major exponents of this market, with some coins posting slight gains gains refer to an increase in value or profit. while others are heading lower this morning.

Among the most notable bullish cases we have currencies like Solana ( SOL ), Terra ( LUNA ), Avalanche ( AVAX ), Crypto.com ( CRO ), Cosmos ( ATOM ) and TRON ( TRX ), which are up on the morning of January 20 with gains between 2% and 8%.

Meanwhile, among the cases that are going down are currencies such as Cardano ( ADA ), NEAR Protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. ( NEAR ), Fantom ( FTM ) and Stellar ( XLM ) exponents capitalizing falls of 2% to 5% at this hour.

Winning and Losing Cryptocurrencies this January 20

Finally, below we review the cases of the currencies with the steepest fluctuations for this January 20:

Winning Cryptocurrencies:$HEX HEX 10,39% (USD $0,22)$ATOM Cosmos 7.48% (USD $39.11)$FTT FTX Token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. 7,33% (USD $48,12)$YFI yearn finance 6,61% (USD $33 879,79)$HBAR Hedera 5.36% (USD $0.27)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) January 20, 2022

Losing Cryptocurrencies:$STX Stacks -10,09% (USD $2,03)$ADA Cardano -5,82% (USD $1,34)$NEAR NEAR Protocol -5,39% (USD $16,45)$TFUEL Theta Fuel -4,97% (USD $0,19)$LRC Loopring -4,15% (USD $1,17)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) January 20, 2022

To buy cryptocurrencies through DiarioBitcoin

We understand that this is a complex and especially sensitive time in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital currencies.

If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, evolution and other market an area or arena, online or offline, in which commercial dealings are conducted. data, you will also find a buy button that will take you to a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.

Buy button to purchase cryptocurrencies
Buy button to purchase cryptocurrencies

We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.


Source: CryptoMarkets , CoinMarketCap

Reporte de Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

Tags: 20%AltcoinsAnalysisbitcoincryptocurrenciesEneromarketprices
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