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.
Amid the worries and uncertainty shaking the market, 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 major altcoins continue to decline this January 24. Some exponents capitalized losses of more than 10% in the last 24 hours.
Bitcoin drops below USD $34,000 this January 24th
A new week begins and we open our price report for the morning of January 24th with a review of 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 can’t get its head up and continues with a downward trend, trading at the time of publishing at about USD $33.790 and losing about 5.5% of its price in the last 24 hours.
According to the data published in our section CryptoMarkets Bitcoin’s price has been on a downward trend over the past 24 hours, seeing a moment overnight last night when it was above USD $36,000 for a few hours, and then turning back down and experiencing a steep drop since just before 4:00am (New York time) today, even dropping below USD $33,500 just a few moments ago.
Is crypto winter here?
While many analysts and enthusiasts were expecting a steep drop for the first month of this year, many people are actually surprised at how much prices have fallen throughout January, as so far in 2022 Bitcoin has lost almost 27% of its overall share price.
Although the outlook remains favourable for digital currency over the next few years, there is still no support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. in sight for the price of digital currency. Bitcoin in the short/medium term. This has generated a lot of fear and uncertainty among investors and enthusiasts, especially those with less experience in this market, who are likely to capitalize on the steepest losses after entering at peak times.
As we have mentioned in other editions, the uncertainty present in the market an area or arena, online or offline, in which commercial dealings are conducted. is mainly associated with the situation in the U.S. and concerns about the local economy, in light of possible changes in the conditions originally implemented by the U.S. government. FED to support residents, which have brought with them an increase in the inflationary levels of the US currency. Added to this is the pressure that companies in the crypto sector have seen in many countries now due to advertising issues, as certain legislations are choosing to prohibit companies from carrying information about their products and services through the usual channels.
Given that at this point it is difficult to estimate what will happen to the Bitcoin price in the short/medium term, we recommend readers to trade very cautiously and take steps to avoid adverse outcomes.
Major altcoins also go down on January 24th
As has been the case these days, the fall in the price of Bitcoin has also been felt among the market’s leading exponents, which capitalize on even steeper percentage losses than those seen in the case of the leading digital currency.
In this order of ideas we have currencies such as Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), Binance Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. ( BNB ), Cardano ( ADA ), XRP , Solana ( SOL ), Terra ( LUNA ), Polkadot ( DOT ), Avalanche ( AVAX ) and many others, with falls of between 7% and 16% on 24 January.
Losing cryptocurrencies this January 24
Finally, here is a look at the currencies with the most unfavorable fluctuations on January 24:
???? Losing Cryptocurrencies:$CVX Convex Finance -19,4% (USD $23,9)$CRV Curve DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. Token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. -19,25% (USD $2,45)$RUNE THORChain -18,54% (USD $3,35)$SOL Solana -17,96% (USD $83,04)$ENJ Enjin Coin -17,34% (USD $1,36)
— Diario฿itcoin (@DiarioBitcoin) January 24, 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 ( 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.
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