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.
Tanto 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. as the major altcoins go lower this January 31, although the long-term expectation is that the leading 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. will appreciate significantly going forward.
Bitcoin is around USD $37,000 this January 31st.
We are coming to the end of this month and we open our price report for this 31st reviewing as always the evolution of Bitcoin ( BTC ), the main digital currency in this ecosystem, which at this hour is trading at around USD $37.043 per unit, representing a slight drop of 2.27% in the last 24 hours.
According to the information reviewed in our section CryptoMarkets Bitcoin’s price was hovering above USD $38,000 by the evening of January 20. However, shortly after 6:00pm (New York time) its price recorded a sharp drop that took the digital currency below USD $37,000, and since then it has been fluctuating around that mark since the early hours of January 31.
The expectation is that it will increase in the long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term.
While there is still debate as to whether this is the beginning of the predicted “Crypto Winter”, or if it is in fact a necessary correction a correction is a pullback of an asset’s price of at least 10% to adjust for over-valuation. after the record highs seen in October and November of last year, there seems to be no doubt among enthusiasts and long-time investors that Bitcoin will rise to new all-time highs in the medium/long term.
An example of this are the reports issued by major banks throughout January this year, to which is added one recently published by Morgan Stanley in which they claim that such corrections are nothing new, as they are within the range of what has been seen historically and that does not rule out the possibility of an eventual increase once structural conditions change.
On the other hand we have the recent statements of the president of El Salvador, Nayib Bukele, who in a message published through his Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ reiterated that Bitcoin will have a “gigantic price increase” in the future, because by simple mathematical rule, if there is only a total of 21 million Bitcoin and about 50 million million millionaires worldwide, if each of them decides to own at least one unit of the digital currency there will not be enough for all of them.
Major altcoins are going down
As Bitcoin struggles around USD $37,000 on the morning of this January 31, the major altcoins are heading lower this January 31.
With falls of between 3% and 7% we have the cases of Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), Binance Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. ( BNB ), Cardano ( ADA ), Solana ( SOL ), XRP , Terra ( LUNA ), Dogecoin ( DOGE ), Polkadot ( DOT ), Avalanche ( AVAX ), Polygon ( MATIC ) and many others.
Winning and Losing Cryptocurrencies this January 31st
Finally, here is a look at the currencies with the sharpest fluctuations on January 31:
— Diario฿itcoin (@DiarioBitcoin) January 31, 2022
???? Losing Cryptocurrencies:$WAVES Waves -10.23% (USD $8.68)$KDA Kadena -10,06% (USD $5,71)$HEX HEX -10,02% (USD $0,18)$THETA Theta Network a network refers to all nodes in the operation of a blockchain at any given moment in time. -9,54% (USD $2,76)$FTM Fantom -8,62% (USD $1,94)
— Diario฿itcoin (@DiarioBitcoin) January 31, 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 seeing its price, evolution 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.
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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