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Bitcoin price drops to USD $38,000, Dogecoin retreats and major altcoins go down on April 26th

Alex Coin
April 27, 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.

What is Dogecoin?

Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.

From the hand of 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. y Dogecoin, for this April 26th, most of the major altcoins are also down at this hour, most of them capitalizing on losses between 3% and 6% as of press time.

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***

Price of Bitcoin drops and approaches USD $38,000 on April 26th

We arrived at noon this April 26th and we open our usual price report reviewing the evolution of the price of Bitcoin ( BTC ), a 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 after having reached the barrier of USD $40,000 per unit, has been going down since the morning and currently registers an estimated cost of about USD $38,290 at the time of publication, which translates into losses of 2.54% in the last 24 hours.

As can be seen in the data published in our section CryptoMarkets the fall in the price of Bitcoin has its origins in the morning hours of this April 26th, as after reaching USD $40.567 per unit shortly before 8:00am (New York time) it began a fairly steep fall, which reached its lowest point just a few minutes ago after touching USD $38.260. It is from this point where the price slightly increased and reached the aforementioned levels.

Bitcoin price evolution this April 26th
Bitcoin price evolution this April 26th

Dogecoin goes down and major altcoins follow on April 26th

Another case that we are following up on this April 26th is Dogecoin ( DOGE ), the iconic memecoin memecoins are the crypto tokens created as a joke or meme and claim to offer huge gains to holders. inspired by one of the most famous dogs on the Internet, which after yesterday’s steep capitalized rise is now down and posting losses of more than 5.2% in the last 24 hours, trading at around USD $0.142 per unit at the time of publishing.

Let’s keep in mind that yesterday the sale of the social network a network refers to all nodes in the operation of a blockchain at any given moment in time. was officially finalized. Twitter the eccentric magician responsible for companies such as Tesla y SpaceX, Elon Musk. This move greatly motivated the fans and enthusiasts of Dogecoin, who went to the markets to buy their products. DOGE in the expectation of some kind of announcement linking the digital currency with the platform, given that its new owner has repeatedly expressed his fanaticism for the iconic memecoin.

Although the expectation of a possible relationship between Dogecoin and Twitter in this new stage is still on the table, at the moment it is not something that has been talked about or peeked at a managerial level, so naturally the price of the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. fell again once the furor of the purchase of the social network passed. Perhaps later on, if there is some kind of announcement that points to this possibility, it may be that DOGE is going up again and this time it will be something that will be maintained.

Altcoins go down

And along the same path of Dogecoin are going a good part of the main altcoins in this ecosystem, which at this midday hour are mainly down.

Such is the case of coins like Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), XRP , Terra ( LUNA ), Cardano ( ADA ), Polkadot ( DOT ), Shiba Inu ( SHIB ), Polygon ( MATIC ) and many others, capitalizing losses close refers to the closing price; similar to the same term used in stock trading. to and/or exceeding 3% in the last 24 hours.

Losers for this April 26th

Since we once again have losers by the time of editing, according to our section CryptoMarkets these would be the currencies with the steepest drops at this hour:

???? Losing Cryptocurrencies:$CAKE PancakeSwap -12,23% (USD $7,66)$MINA Mina -6.95% (USD $1.98)$XCN Chain -6,54% (USD $0,09)$ZIL Zilliqa -6.4% (USD $0.09)$AXS Axie Infinity -6,38% (USD $39,55)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) April 26, 2022

The most important news of the day

Below, we share with readers some of the most noteworthy news for this April 26th:

  • Jack Dorsey praises Musk for buying Twitter: “Elon is the singular solution I trust.”
  • Fidelity will allow its retirement plan clients to invest investing is when you put money in a financial scheme with the intent of making a gain. in Bitcoin
  • Bill to pause Bitcoin mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. for 2 years moves forward in New York
  • Buenos Aires plans to enable tax payment with cryptocurrencies
  • Bank of Spain reports that cryptocurrencies moved about 60,000 million euros in Spain in 2021

To buy cryptocurrencies through DiarioBitcoin

We understand that this is a complex and especially sensitive time in the cryptocurrency 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 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

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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