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.
Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.
More remarkable than the increase in 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. this December 16 results in the evolution seen in tokens such as Avalanche, Solana, Terra and Polygon, which are up with gains gains refer to an increase in value or profit. of more than 10% at this hour.
Bitcoin is around USD $49,000 this December 16th.
We open our price report for this December 16th by briefly reviewing the evolution seen in the price ofBitcoin ( BTC ), currency currency is a medium of exchange that defines value. which at the time of writing is trading at around USD $48.773 per unit, capitalizing on gains of 2.07% in the last 24 hours.
According to data published in our section none The leading digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency appears to have made a considerable rise following yesterday afternoon’s announcement by the US Federal Reserve (Fed) team, who indicated that interest rates will remain near zero but will be reducing the pace of bond and security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. repurchases sooner than expected. Such an announcement was well received in major markets including the crypto sector, although this anticipates fears that conditions may change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. by mid-2022.
FED, advertisements and the price ofBitcoin
As can be seen in the graph presented above, the increase in the price ofBitcoin coincided with a significant spike in trading in the moments before and after the announcement, taking the digital currency from $46,750 to nearly $49,500 in just four hours.
- FED will further reduce the pace of bond and security repurchases. Interest rates will remain near zero.
While the digital currency has yet to break back above USD $50,000 and the USD $100,000 mark looks increasingly distant, the long-term outlook still sees the latter as a perfectly viable point, although a fall in major markets is anticipated sometime next year.
- Bitcoin at USD $100,000 by 2021? Kraken CEO reconsiders his prediction and warns of possible bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market an area or arena, online or offline, in which commercial dealings are conducted.
Avalanche, Solana, Terra and Polygon register notable increases
Sin embargo, la noticia más provechosa del día no viene de las manos de Bitcoin, but would be associated with the prices ofAvalanche ( AVAX ), Solana ( SOL ), Terra ( LUNA ) y Polygon ( MATIC )currencies capitalizing on gains of between 10% and 18% for the morning of December 16.
Within the aforementioned group, the following are particularly noteworthyAvalanche, whose token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. capitalizes gains close refers to the closing price; similar to the same term used in stock trading. to 18% by the time of publishing. It is worth noting that such an increase coincided with a report published byBank of America, which highlighted the scalability and security offered by the protocol.Blockchain, as an important competitor in the face of what is to come.Ethereum a decentralized open-source blockchain with smart contracts functionality. ofrece.
On the other side we have Solana, whose token has been the talk of the town over the past few months and is on the rise with gains of over 12%. Let’s keep in mind that yesterdayGalaxy Digital, the company led by Mike Novogratz, announced that it would launch an investment fund based on the SOL token especially targeted for institutional investors.
Winners and Losers for this December 16
Finally, below we review which digital currencies had the steepest fluctuations for this December 16:
???? Winning Cryptocurrencies: none Kadena 37,25% (USD $13,62) none Helium 26,3% (USD $34,36) none XDC Network a network refers to all nodes in the operation of a blockchain at any given moment in time. 25,65% (USD $0,1) none Arweave 23,74% (USD $45,79) none Elrond 23,61% (USD $338,1)
— Diario฿itcoin (@DiarioBitcoin) December 16, 2021
???? Losing Cryptocurrencies: none NEAR Protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. -1,13% (USD $9,67) none Quant -0,89% (USD $186,51) none EOS -0,53% (USD $3,32)
— Diario฿itcoin (@DiarioBitcoin) December 16, 2021
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