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.
Despite the fact that 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. fell below USD $20,000 on July 12, the news of the day is the euro’s parity with the U.S. dollar, an indicator that reveals the weight of the economic situation in the region.
- BTC again falls and is below USD $20,000.
- Principales altcoins también caen este 12 de julio.
- Euro Drops against the U.S. Dollar.
- These would be the lowest values for the euro in the last 20 years.
After a bullish phase seen last week, for this 12th of July Bitcoin and the major altcoins continue to decline, continuing the downtrend that was already in evidence yesterday.
Bitcoin drops below USD $21,000 this July 11
We begin our customary report by reviewing the evolution of Bitcoin (BTC), which for this July 12 is down with another 3.5% drop in the last 24 hours, trading at USD $19.874 per unit at the time of publication.
According to information published in our section CryptoMarkets DailyBitcoin y CoinMarketCap the fall in the price of Bitcoin had its most pronounced point in the afternoon – evening hours, at which point it was already fluctuating around USD $20,000 per unit. However, the lowest price of the day took place at 7:30am (New York time) on July 12th, when the price was at its lowest point. BTC reached lows near USD $19.747, from which point it recovered slightly to reach the aforementioned values.
In terms of daily trading volume, the daily volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. stands at over USD $24.246 billion in the last 24 hours, reflecting a slight increase of 7.75% from the previous trading day, indicative of an increase in selling activity across the major exchanges.
Major altcoins are also going down
But it’s not just Bitcoin that’s going down this July 12, as most of the major altcoins are also posting losses over the past 24 hours in what looks like a general market an area or arena, online or offline, in which commercial dealings are conducted. decline.
Among the most notable cases we have:
- The main loser of the day is Theses (XTZ) The currency recorded a drop of 11.58%.
- Once again the stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. of Terra Classic, USTC The share price, which is down 11.2%, remains down.
- También destacan casos como Cosmos (ATOM), Arweave (AR) y LUNC which lose between 9 and 10%.
EUR Drops to the USD on the Back of the US Dollar
But beyond the current state of the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies market and the crypto winter that continues to do its thing, the news that grabs the main media headlines around the world has to do with the fall in the value of the euro, which already maintains parity with the U.S. dollar in the main price indexes.
Parity between USD and EUR reached today July 12, 2022 pic.twitter.com/BZ2a5W0i2d
— Diario฿itcoin (@DiarioBitcoin) July 12, 2022
Therefore, with a euro equivalent in value to a U.S. dollar, analysts say that this would be the lowest level recorded by the European currency currency is a medium of exchange that defines value. in the last 20 years, this after a 15% decline in the quotation of the same throughout this year.
This fall is also accompanied by the fear present in the main markets about a possible economic recession in Europe. The latter added to the context of high inflationary levels and uncertainty about the energy consequences of Russia’s armed incursion in Ukraine, which is already compromising the energy supply to the main nations of the continent.
Faced with this situation, theBanco Central Europeo The US government has opted to maintain interest rates, which has also generated fears and uncertainty among the region’s residents. Inflation a general increase in prices and fall in the purchasing value of money. is above 8% and this drop implies that the cost of products and services from other regions will increase significantly, which may also increase the cost of living.
Regarding the possible repercussions on the crypto ecosystem, it is still too early to project the effects it could have on the associated market, although it is on the table the possibility that residents see in these assets a possible refuge from the effects that are already being felt in the local economy.
The most important news of the day
Below, we share with readers some of the most read news in the last 24 hours:
- Kevin O’Leary, star of Shark Tank, on crypto crash: “I don’t think we’ve hit bottom yet”
- Hackers extract more than $8 million from Uniswap user through phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. attack
- Swiss Postal Service to offer Bitcoin trading and safekeeping
- GameStop launched its NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. Marketplace to the public
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, performance and other market 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.
We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.