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.
Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
The fall seen this August 19th was not only felt in the cases 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 Ethereum, as most of the major exponents are down over the last 24 hours. Reports indicate that more than USD $600 million in sell orders have been settled during the day.
- BTC drops below USD $24,000 this August 17
- Top altcoins also score down at this hour
- The surprise of the day was EOS, which rose 16%.
Abrimos nuestro reporte destacando la pronunciada caída vista en el precio de Bitcoin (BTC), which by noon on August 19 was trading at USD $21.369 per unit, representing a loss of 8.15% in the last 24 hours.
According to the data published in our section CryptoMarkets DailyBitcoin y CoinMarketCap Although the price had already been falling since yesterday, shortly before 9:00 pm (New York time) it dropped below the barrier of USD $23,000 per unit. However, the most pronounced point of the fall came at midnight on August 19th, as in one hour of trading it went from USD $22.807 to USD $21.935, from where it continued its downward path to reach the aforementioned values.
The drop in Bitcoin’s price was also accompanied by a 50% spike in daily trading volume, which at this hour rose to about USD $36.621 billion that has moved through the major exchanges.
Over $600 million in settlements
In relation to the drop seen in the price of Bitcoin and the major cryptocurrencies, a report recently published by the media Daily Mail notes that this reaction was accompanied by the liquidation liquidation refers to the conversion of an asset or cryptocurrency for fiat or its equivalents. of at least $600 million in trades in the last 24 hours alone.
The report cites data published by the firm CoinGlass, los cuales indican que las posiciones más afectadas estarían asociadas con Bitcoin, seguidas de ventas masivas de Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH) which also led to a fall in the price of this digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency. Between the two cryptocurrencies, transactions totaling about USD $385 million were executed, leaving the rest of the capital capital is most commonly defined as the large sum of money you would use to invest. among other reputable exponents of the market.
Major altcoins were also affected
While Bitcoin has lost more than 8% of its price in the last 24 hours, coins likeEthereum (ETH), BNB, XRP, Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), Avalanche (AVAX), Shiba Inu (SHIB) and as many others capitalised falls of between 5% and 12% over the course of the day.
However, some of the day’s biggest losers includeFilecoin (FIL), ZCash (ZEC), Ethereum Classic (ETC), ApeCoin (APE) y Axie Infinity (AXZ) with declines ranging from 12% to 17% from yesterday’s prices.
The most important news this August 19
Below, we share with readers some of the most read news in the last 24 hours:
- Cardano’s Testnet an alternative blockchain used by developers for testing. is “catastrophically broken,” developer warns, Hoskinson responds
- Two banks in Germany start offering exposure to Cardano, Solana and Avalanche through investment products
- In the wake of Tornado Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. controversy, Coinbase is an American company that operates a cryptocurrency exchange platform. CEO suggests they won’t censor transactions on Ethereum network a network refers to all nodes in the operation of a blockchain at any given moment in time.
- ETHW, the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. traded by Poloniex, has already lost 62% of its price in the run-up to The Merge
- Ripple launches on-demand cryptocurrency liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. service in Brazil
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 currency is a medium of exchange that defines value. 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.
We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.