Tue. May 24th, 2022
Dogecoin Prediction for 2022 and Bitcoin Crypto News Best Cryptocurrency To Invest 2022 on WazirX

Dogecoin Prediction for 2022 and Bitcoin Crypto News

Crypto News

Bitcoin’s price has sunk even lower to meet a new $40,000 threshold on Monday (January 10) as the first crypto crash of 2022 continues.

While Bitcoin’s price was trading at around $50,000 just over a month ago, cryptocurrency prices across the board crashed on Wednesday evening (January 5).

Fears over US interest rate hikes and the impact of protests and political turmoil in Kazakhstan on the country’s considerable mining operations appear to be the forces driving the initial dip in Bitcoin’s price, as traditional and crypto markets contend with the impact of coronavirus on global economic recovery.
Cambridge University researchers have estimated the country currently plagued by protests and riots over rising fuel prices to be the world’s second largest home to crypto mining after China clamped down on mining operations in 2021.
Read More

Kazakhstan: What prompted the Kazakhstan riots and what’s happened so far?

The cryptocurrency market was down by 4.71% on the last 24 hours as of 2.50pm on Monday according to Coinbase, with Bitcoin trading down by 4.3%, Ethereum by 5% and Solana by more than 7% as the crypto price dip continues.

Here’s why crypto is still crashing, what caused the cryptocurrency market crash today and the latest prices of Bitcoin, Ethereum, Solana, Cardano, XRP, Shiba Inu coin and Dogecoin.

Bitcoin price: Why is crypto crashing? BTC, Ethereum, Dogecoin, Solana and more prices in crypto crash 2022 (Image credit: Getty Images/Canva Pro)

Bitcoin price: Why is crypto crashing? BTC, Ethereum, Dogecoin, Solana and more prices in crypto crash 2022 (Image credit: Getty Images/Canva Pro)

What is Bitcoin’s price today?

On Monday January 10, Bitcoin’s price dropped lower again, marking a return to a $40,000 threshold of support among crypto traders as confidence levels appeared to dip.

The world’s largest cryptocurrency was trading at approximately $40,975.53 (£30,154.45) as of 1.38pm this afternoon, according to Coinbase, in a 2% fall on the last 24 hours.

The digital currency’s trading volume was down by 16% on the last 24 hours according to data collected by CoinMarketCap, with Bitcoin’s 24 hour trading volume at $23,045,677,290.

Bitcoin has been fluctuating between $41,000 and $42,500 since Friday morning, after the major cryptocurrency’s value slid on Wednesday last week.

As of 8.45am on Friday, Bitcoin’s price was down by 1.6% on the previous 24 hours at $42,185.15 (£31,194.02) before falling even lower that day.

Over the past few weeks, Bitcoin’s price has been fluctuating mostly between $45,000 and $50,000 over the last few weeks – hitting a recent high of $52,100 on December 27.

The major cryptocurrency’s price fell below $45,000 to $42,500 at 10.30pm on Wednesday (January 5), with the sudden plummet in the cryptocurrency’s price echoed by a fall in Ethereum price.

The major cryptocurrency’s price has seen recent gains of almost $15,000 have been wiped off the board for Bitcoin after it came the closest it ever has to reaching a new landmark threshold of $70,000 in November.

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By Emilio

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