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.
The 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. continues to deliver surprises, and amid volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. 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. continues to rise this February 9, although JPMorgan says the fair value for the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. should be around USD $38,000.
Bitcoin above USD $44,000 this February 9th
We open our customary price report for this February 9th by taking a closer look at the evolution seen in the price of Bitcoin ( BTC ), as the leading digital currency continues to rise amid volatility throughout the day, trading at around USD $44.261 per unit at this hour and up nearly 2% in the past 24 hours.
According to data published in our section CryptoMarkets it can be seen that, in spite of the volatility seen over the last 24 hours, at the time of editing the price of Bitcoin is trading above USD $44.000 as it did yesterday afternoon and evening. It seems that in the midst of the fluctuations, the price of BTC continues to point upwards in a progressive way, taking into account an account is essentially a whose purpose is to track the financial activities of a specific asset/ that during the day between February 7 – 8 it reached USD $45,000, so analysts and investors are especially attentive to its evolution.
Fair price for Bitcoin according to JPMorgan
One of the most outstanding news of the day had to do with a recent report published by the U.S. bank JPMorgan, in which they point out that the fair price for Bitcoin should be around USD $38,000 per unit.
- JPMorgan Bank estimates the current “fair value” of Bitcoin at USD $38,000 and in the future at USD $150,000.
According to the report, the strategists calculated the fair value level at around USD $38,000 based on the fact that Bitcoin is about four times more volatile than gold. In a scenario where the volatility differential is reduced to three times, the fair value would rise to USD$50,000, they estimated, although they argue that the fair price for the digital currency should be around the levels noted above.
Despite the fact that this is not the first time that JPMorgan makes these kinds of readings, what is remarkable about the report is the projection they present for the future, where they estimate that the theoretical objective in the very long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term is to see a Bitcoin above USD $150,000. This would apply if the digital currency manages to equal its market an area or arena, online or offline, in which commercial dealings are conducted. value to that of gold, officially rivaling that asset.
Major altcoins are on the rise
Leaving aside Bitcoin, we also have that for this February 9 the major altcoins are going up.
These include cases such as Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), XRP Cardano ( ADA ), Solana ( SOL ), Terra ( LUNA ), Avalanche ( AVAX ), Polkadot ( DOT ), Shiba Inu ( SHIB ), Polygon ( MATIC ) and many others, which have risen more than 3% in the last 24 hours.
Winning and Losing Cryptocurrencies this February 9
Finally, here is a look at the currencies with the steepest fluctuations on February 9:
— Diario฿itcoin (@DiarioBitcoin)February 9, 2022
— Diario฿itcoin (@DiarioBitcoin)February 9, 2022
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, evolution 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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