Entertainment Crypto Crash: Significant cooling in Bitcoin, Ether, Binance Coin and others

21:55  22 february  2021
21:55  22 february  2021 Source:   t3n.de

How to Buy Bitcoin on Coinbase, Binance and Other Cryptocurrency Exchanges

  How to Buy Bitcoin on Coinbase, Binance and Other Cryptocurrency Exchanges Users should be aware of any fees that may apply with Bitcoin purchases, depending on the cryptocurrency exchange platform accessed.Here we outline how to buy Bitcoin, the world's first cryptocurrency, which is among the most widely traded cryptocurrencies today.

What exactly is causing it is unclear. In any case, the major cryptocurrencies are seeing massive losses on Monday. Only Ripple generates growth.

Krypto in der Abwärtsbewegung. © Shutterstock Crypto in the downward movement.

The top 10 cryptocurrencies are mostly in the red on Monday. Some - like Elon Musk - should definitely like that. Musk had only complained last Saturday that that Bitcoin and Ether were too expensive . Did his disciples take this as a sell-off signal?

US Treasury Secretary with urgent warning

Or is the US Treasury Secretary Janet Yellen's fault? It had also clearly positioned itself on Monday at the New York Times Dealbook conference and warned investors against investing in Bitcoin.

Cost of a single Bitcoin exceeds $50,000 for first time

  Cost of a single Bitcoin exceeds $50,000 for first time SILVER SPRING, Md. (AP) — The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. The price of Bitcoin has risen almost 200% in the last three months and its volatility was on display Tuesday. After rising above $50,600, it fell back to $48,674 at 2:15 p.m. ET. At that price, with about 18.6 million Bitcoins in circulation, Bitcoin has a market value of nearly $907 billion.Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment.

You see the Bitcoin as an extremely inefficient means for financial transactions, told in an interview with CNBC . In addition, they fear that Bitcoin is being used too often for illegal activities and the amount of energy required to maintain and expand the system is simply breathtaking. Yellen sees digital currencies as the way forward, but wants to rely on the system of the US central bank, which is to be developed in the coming years.

Almost only red in the ranking. (Screenshot: t3n / Coinmarketcap)

Double-digit losses over (almost) the entire ranking

Regardless of the question of guilt, almost all crypto currencies have moved down. The Bitcoin fluctuates by a minus of 10 percent, the Ether even by 13 and the Binance Coin by 15 percent. These are clear devaluations, but in the top 3 they could only show a trend with regard to the ether.

Crypto inventor Satoshi Nakamoto is "a risk for Bitcoin"

 Crypto inventor Satoshi Nakamoto is The crypto trading platform Coinbase sees Satoshi Nakamoto as a substantial risk for Bitcoin. The company announced this in its application for initial listing with the US Securities and Exchange Commission. © Jaruwan Jaiyangyuen / shutterstock Crypto inventor Satoshi Nakamoto is “a risk for Bitcoin” Coinbase, crypto trading platform from the US state of California, wants to go public on the New York Stock Exchange and has submitted its securities prospectus for it.

With Bitcoin, the decline only roughly neutralizes the upward movement of the last seven days. The Binance Coin doesn't need to be nervous at all. After all, it had risen 90 percent in the past seven days.

The ether, on the other hand, has shown a downward movement of almost seven percent over the last seven days. Polkadot and Cardano also lost double digits. The tether cannot make a decision and oscillates around zero. Only the Ripple increases by over ten percent.

corrections open up opportunities for bulls to buy again

With the recent crash, Bitcoin, at around 52,800 US dollars, is again well away from the expected reaching of the 60k mark. Ether has also clearly moved away from the 2k mark again.

experts see in the course correction primarily the realization of profit-taking in the uncertainty of further growth. Less hesitant investors should take the opportunity and buy more Bitcoin and other crypto currencies, so that a renewed increase should only be a matter of time.

Bitcoin Burning a Hole in Your Pocket? Now You Can Spend It Using Apple Pay .
In case you haven’t noticed, Bitcoin’s having a bit of a moment. The cryptocurrency’s value reached record heights in recent weeks, you’ll soon be able to buy a Tesla with it, and, as of Friday, you can now spend Bitcoin (and other cryptocurrencies) via Apple Pay. © Photo: Ozan Kose / AFP (Getty Images) BitPay, a popular cryptocurrency payment processing service, has announced that its Prepaid Mastercard users in the U.S. can now link their card with Apple Wallet and use bitcoin to finance their online shopping sprees wherever Apple Pay is accepted globally.

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