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Market down! Bitcoin drops below USD $40,000 and major altcoins post losses on April 22nd

April 23, 2022
Reading Time: 5 mins read
0
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.

For the afternoon of this April 22nd we have to 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 the major altcoins are down, most of them capitalizing on losses between 3% and 6% in the last 24 hours.

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***

Bitcoin drops below USD $40,000 this April 22nd

As usual, we open our price report for this April 22 highlighting the drop seen in the price of Bitcoin ( BTC ), which at this hour is trading at around USD $39.436, which translates into losses of 5.16% over the last 24 hours.

The data published in our section CryptoMarkets show that the drop is basically a continuation of the trend seen yesterday. The price of Bitcoin went on to hover around USD $40,500 as of 4:00pm (New York time) yesterday, but this apparent stability was broken shortly after 8:00am this April 22nd, as from that point it began to fall again and finally fell below the USD $40,000 per unit barrier, recording at this time the aforementioned prices.

Bitcoin price performance this April 22nd
Bitcoin price performance this April 22nd

As we have been indicating in previous editions, it seems that this drop corresponds mainly to the opening of the major US markets, which saw the biggest spikes in trading activity during the drop seen in the morning hours.

Domino effect among major altcoins

Just as it happened with Bitcoin, the most reputable exponents of the crypto market an area or arena, online or offline, in which commercial dealings are conducted. also went down for the afternoon of this April 22, replicating the same behavior seen in 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. but in different magnitude.

Such is the case of coins like Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), BNB , XRP Solana ( SOL ), Terra ( LUNA ), Cardano ( ADA ), Avalanche ( AVAX ), Polkadot ( DOT ), NEAR and several others, all of which are down between 3% and 6% at this hour.

Losers for this April 22nd

According to our section CryptoMarkets, these would be the coins with the steepest drops by the time of editing:

???? Losing Cryptocurrencies:$CVX Convex Finance -9,95% (USD $26,34)$ZIL Zilliqa -8.58% (USD $0.11)$GRT The Graph -8,44% (USD $0,35)$RUNE THORChain -8,28% (USD $8,61)$KSM Kusama -8.27% (USD $163.7)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) April 22, 2022

The most important news of the day

Below, we share with readers some of the most noteworthy news for this April 22nd:

  • Ukraine’s central bank bans cryptocurrency purchases with local currency
  • Metamask, Ethereum wallet, is down due to Infura service disruption
  • Stripe launches new USDC payments feature on Polygon and Twitter will be the first to test it out
  • French President Emmanuel Macron advocates a European metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. and regulated regulation is when something is controlled by a specific set of rules. cryptocurrencies
  • CEO of Binance, CZ, says that exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. incautó USD $5,8 millones de hackers de Axie

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 ( 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 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

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