DOGECOIN: BREAKING NEWS! DEATH CROSS COMING THIS FRIDAY ! #CRYPTOCURRENCY #BITCOINDEATHCROSS



Published
DOGECOIN: BREAKING NEWS! DEATH CROSS COMING THIS FRIDAY ! #BITCOIN #CRYPTOCURRENCY

* THIS VIDEO IS NOT FINANCIAL ADVISE & FOR EDUCATIONAL PURPOSES ONLY!

It is usually measured by comparing 50 and 200 day averages. Ersam warned investors that this could mean that most cryptoassets “won't work,” and 90 percent of all non-fungible tokens (NFTs) will fail in three to five years. warned that casual investors are buying cryptocurrencies and meme stocks like Gamestop, AMC, etc. - subscribing to the "mother of all accidents" in the future. On a nightly Twitter thread, Rekt Capital, an account with 144,000 followers, wrote that the cross of death will occur in mid-June if Bitcoin does not raise its price anytime soon. A cryptocurrency trader and analyst at Rekt Capital, followed by over 150,000 people on Twitter, said a potentially catastrophic event for large cryptocurrency investors could happen by the middle of this month if Bitcoin does not rise in price anytime soon.

Bitcoin price just dipped below $40.00 before immediately bouncing back to previous levels. The cryptocurrency suffered its longest losing streak since 2018 in the first week of January, with market analysts warning of a major sell-off if it falls below the key psychological level of $40,000. The cryptocurrency has risen less than 2% in the past 24 hours to bounce back above $42,000, although it is still down more than 8% in the week.

Other major cryptocurrencies have experienced similar declines as Bitcoin: Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) have all dropped by about 20% over the past seven days. Bitcoin and cryptocurrency prices have struggled this week as the combined value of cryptocurrency markets plunged below $ 1.5 trillion from $ 2.5 trillion in May. The first week of 2022 was unfavorable for Bitcoin, as the cryptocurrency lost 11% of its value in just a few days and ended this week at around $ 42,000, nearly 40% below its all-time high last fall.

Bitcoin price also fell after the SEC announced the crackdown on cryptocurrency exchanges and the Binance hack. Bitcoin prices also rallied in response to Brexit and Trump's victories, and continue to rise alongside Trump's political divisions. The market capitalization of Bitcoin has exceeded $ 70 billion, and the maximum trading volumes are around $ 3 billion per day.

While Bitcoin and Ethereum make up the majority of the cryptocurrency market (see Chart 2 below), we are seeing the emergence and rapid growth of many new technologies. Since Bitcoin's inception in 2009, thousands of cryptocurrencies have been created with the crypto data provider CoinMarketCap, which currently has just over 10,000 different coins. Some like Ethereum, the second largest cryptocurrency after Bitcoin with a market cap of $ 250 billion versus Bitcoin at $ 660 billion, have established themselves as the pillars of cryptocurrency, while others, including EOS and more recently internet computers, have only made a splash. ... newbies fade over time.

Bitcoin surpassed $ 69,000 in November and Ethereum hit an all-time high of $ 4,404 in October. However, the total cryptocurrency market fell more than 13% to $ 88.53 billion. Bitcoin led to a broad recovery in cryptocurrencies prior to the publication of the US CPI.

In July and August 2017, the bitcoin price was negatively impacted by a controversy over changing the underlying technology to shorten transaction times.

*Privacy Policy found here:
https://www.elgan-investments.com/privacypolicy


*Note of caution: Our videos ARE NOT financial advice.

Category
Cryptocurrencies
Be the first to comment