Tags: crypto market
Digital Currency, bitcoin, Brits bought more crypto than shares last year

Cryptocurrency Prices Update

As of Today’s information, Cryptocurrency prices continue to trade lower, with Bitcoin prices falling more than 2% to $31,590.9.

Ether and CoinDesk declined by 5% to $1,883. On the other hand, Dogecoin was below 7% to $0.18. In contrast, other digital tokens such as Litecoin, Cardano, XRP fell in the range of 4-9% over the past 48 hours.

Bitcoin experienced a hit by various setbacks, including China’s regulatory crackdown. It happened partly because of concerns about high energy consumption resulted from crypto miners. Another reason was progress in central bank digital-currency projects that might squeeze private coins. Bitcoin’s price had approximately burst three months ago from its record high.

Dogecoin’s creator recently beat Crypto as primarily a sham. The Dogecoin co-founder wrote sharp words in a series of tweets about cryptocurrency.

Jackson Palmer wrote that after years of studying it, he believes that cryptocurrency is a hyper-capitalistic technology built originally to increase the wealth of its enthusiasts through a combination of tax avoidance.

In other news, SoftBank Group Corp. admitted to investing $75 million in Bullish, which is considered the sponsor o cryptocurrency exchange, which does not operate now. It can happen as the startup plans to go public with a particular target acquisition company.

 

Highlights of This Week’s Crypto:

 

  • Experts say that holders of Ethereum and Bitcoin might not need to worry about changing their strategy besides the Chairman’s announcement that seems the opposite of what experts say.
  • According to a statement from Italian regulators, primary cryptocurrency exchange Binance will no longer operate in Italy.
  • According to CEO Jack Dorsey’s tweets, Square Inc. announced that it plans to build a new decentralized unit using Bitcoin.

Once again, Crypto caught international attention last week as the Italian government decided to ban a cryptocurrency exchange. At the same time, the U.S. Federal Reserve Chair gave statements on possible regulations.

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