Despite the significant drop in the cryptocurrency market, SkyBridge Capital CEO Anthony Scaramucci noted that bitcoin has performed better than the shares of many technology companies.
Despite the significant drop in the cryptocurrency market, SkyBridge Capital CEO Anthony Scaramucci noted that bitcoin has performed better than the shares of many technology companies.
What happened? The Stacks blockchain project team has published a technical document showing how a new digital asset called Stacks bitcoin (sBTC) can be used to make bitcoin fully programmable. Unlike the Ethereum or Solana networks, the simpler Bitcoin scripting language limits the capabilities of developers. Stacks wants to overcome these limitations by introducing a new 1:1 BTC-linked digital asset that can be used to create smart contracts on the platform, and also easily converted back to BTC.
Nobel laureate in economics Paul Krugman compared the bitcoin cryptocurrency with shares of the electric car manufacturer Tesla.
Bitcoin is nearing completion in 2022 in unstable macroeconomic conditions. In the US, inflation remains at high values, which forces the Fed to act more aggressively. In many ways, this contributed to the drawdown of the flagship crypto asset this year by 70% relative to ATH, fixed at $69,000.
Downward movement: what will happen to the collapsed bitcoin
Bitcoin is going through difficult times right now. For a week and a half, the cryptocurrency has fallen in price by 39% and is trading at $ 19 thousand. Investors are concerned whether digital money should still be trusted and whether it is time to exchange it for euros or rubles. On the other hand, there is a temptation to invest big in the hope that bitcoin will win back the fall and bring tangible profits
The cost of bitcoin is falling by 6.98%, falling below the $ 20,000 mark for the first time since December 16, 2020, according to trading data.
At Binance, the largest cryptocurrency exchange in terms of trading volume, bitcoin as of 10.00 Moscow time fell by 6.98% to 19.487 thousand dollars.
And according to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, the cost of bitcoin decreased by 6.50% — to 19,554 thousand dollars. The dynamics are given everywhere in a day.
THE REASON FOR RIPPLE XRP'S 16% DAILY GROWTH
Ripple's XRP is one of the few major cryptocurrencies that haven't traded unchanged in the last 24 hours, but actually grew by an impressive 16% before rolling back. Apparently, the latest developments in the company's case against the Securities and Exchange Commission are well received by market participants.
THE CENTRAL BANK OF JAMAICA PLANS TO DISTRIBUTE $16 TO THE FIRST 100 CBDC CITIZENS
In an effort to raise awareness and expand usage, the Government of Jamaica is ready to distribute US$ 16 ($2,500 Jamaican dollars) to the first 100,000 citizens who have created Central Bank Digital Currency Wallets (CBDC) after April 1
REPORTS SUGGEST THAT NEW INVESTORS ARE SHOWING A KEEN INTEREST IN CRYPTOCURRENCIES
Many people are skeptical about cryptocurrencies due to the volatility of the sector. But more and more people in emerging markets are using it as a way to make more profit in the long run. No one can claim that investing in cryptocurrencies is very risky, but there is also no doubt that they offer long-term promises of high return on investment.
CARDANO PRICE ANALYSIS: ADA IS FACING A DOWNTREND, BUT THESE SIGNS ARE ENCOURAGING IN THE MEDIUM TERM
Cardano, one of the altcoins with exceptional performance in 2021, dropped 75% compared to ATH. ADA recently lost a critical support level at $1. Now the price is declining, forming a descending wedge, accompanied by a 100-day moving average (marked with a white line on the daily chart).
CRYPTOCURRENCY BRAIN DRAIN IN INDIA IS ABSOLUTE MADNESS, SAYS POLYGON CO-FOUNDER
Sandeep Nailwal, CEO and co-founder of Polygon, sees the massive chaos reigning in the Indian cryptocurrency market. In his opinion, because of this disorder, thousands of developers, investors and entrepreneurs are leaving for countries with a more friendly regulatory framework.
THE FIRST BLOCKCHAIN SHOOTER IS READY TO LAUNCH
The next time a skeptic doubts the dynamics of the blockchain gaming market, kindly inform them that by the end of 2021, the industry has attracted more than 1.5 million users, and the daily volume of trading in decentralized gaming applications has grown to half a billion dollars. . Then giggle with pleasure.