Cryptocurrency Prices Are Falling Again: What Exactly Is The Price of BTC Now?
2022-03-08 10:47:23
What Is Bitcoin’s Current Price
The price of Bitcoin rose to $44,000 midweek and Ethereum broke the $3,000 barrier at one point previously, benefiting from the ongoing tensions between Russia and Ukraine. The market believes that part of the collective rise in cryptocurrencies comes from Russian investors' intention to escape sanctions and preserve their assets by purchasing cryptocurrencies.
In addition, Bitcoin's correlation with the S&P 500 Index fell from 0.7 to 0.55. Bitcoin has become one of the safe-havens available to investors amidst the lackluster performance of the broader U.S. stock market.
However, the cryptocurrency's rally "flamed out" by the end of the week. Bitcoin price live fell again to $40,000, up less than 2% for the week. Ether was back at $2,500, down more than 2% for the week.
What Is Bitcoin and Other Cryptocurrencies’ Current Price?
Bitcoin has always been seen as a "digital gold" and a "safe-haven asset" by the cryptocurrency community. Bitcoin does have some of the attributes of gold. However, the recent geopolitical tensions have not pushed Bitcoin higher, but rather back and forth. At the same time, gold, a traditional safe-haven asset, has soared, breaking through previous highs, and sectors such as crude oil and grains are also on the rise. The following specific data is as of 3.7 and comes from Gate.io:
Bitcoin is down 4.73% in 24 hours at $38,157. Last week, Bitcoin gained 1.9%.
Ether is down 5.68% at $2,512.64 in 24 hours. Last week, Ether was down 2.56 percent.
The cryptocurrency was down 5.03 percent at $366.20 in 24 hours. Last week, Cryptocurrency accumulated a 4.17% gain.
Dogecoin was down 5.04% at $0.118600 for 24 hours. Last week, Dogecoin was down 1.79% cumulatively.
Shiba Inu coin was down 5.63% at $0.00002311 on a 24-hour basis. Last week, the Shiba Inu coin was up 0.43% cumulatively.
The Sandbox is down 8.14% in 24 hours to $2.7789. Last week, The Sandbox was down 1.98% cumulatively.
Real-time Virtual Currency BTC Price Updates
Due to the recent ups and downs of virtual currencies, it is even more important to have a real-time view of the price control. Gate.io, one of the world's top 10 crypto-asset exchanges, has a daily trading volume of over $3 billion. Not only does it provide a digital currency trading platform, but also a real-time data view. It allows you to know the price trend of virtual currencies every moment of the day.
Gate.io is an exchange for one of the most complex and diverse product platforms on the market. Currently, the exchange has 1,232 coins and 2,395 currency pairs listed and manages a daily trading volume of $8.7 billion in spot and contracts. This exchange is a great choice no matter which currency an investor wants to buy. It is easy to open an account and make a purchase on this platform even for newcomers.
Regarding the future direction of virtual currencies, a note released by JPMorgan Chase last Wednesday pointed out that the cryptocurrency market has more upside ahead as inflows into the Stablecoin market have surged in the past week. They highlighted that the market share of Stablecoins in the overall cryptocurrency market has soared to a record high of about 10 percent, which means there is more upside in the general cryptocurrency market. This is because Stablecoin is "often used as the initial vehicle for converting fiat currencies to cryptocurrencies".
The price of Bitcoin rose to $44,000 midweek and Ethereum broke the $3,000 barrier at one point previously, benefiting from the ongoing tensions between Russia and Ukraine. The market believes that part of the collective rise in cryptocurrencies comes from Russian investors' intention to escape sanctions and preserve their assets by purchasing cryptocurrencies.
In addition, Bitcoin's correlation with the S&P 500 Index fell from 0.7 to 0.55. Bitcoin has become one of the safe-havens available to investors amidst the lackluster performance of the broader U.S. stock market.
However, the cryptocurrency's rally "flamed out" by the end of the week. Bitcoin price live fell again to $40,000, up less than 2% for the week. Ether was back at $2,500, down more than 2% for the week.
What Is Bitcoin and Other Cryptocurrencies’ Current Price?
Bitcoin has always been seen as a "digital gold" and a "safe-haven asset" by the cryptocurrency community. Bitcoin does have some of the attributes of gold. However, the recent geopolitical tensions have not pushed Bitcoin higher, but rather back and forth. At the same time, gold, a traditional safe-haven asset, has soared, breaking through previous highs, and sectors such as crude oil and grains are also on the rise. The following specific data is as of 3.7 and comes from Gate.io:
Bitcoin is down 4.73% in 24 hours at $38,157. Last week, Bitcoin gained 1.9%.
Ether is down 5.68% at $2,512.64 in 24 hours. Last week, Ether was down 2.56 percent.
The cryptocurrency was down 5.03 percent at $366.20 in 24 hours. Last week, Cryptocurrency accumulated a 4.17% gain.
Dogecoin was down 5.04% at $0.118600 for 24 hours. Last week, Dogecoin was down 1.79% cumulatively.
Shiba Inu coin was down 5.63% at $0.00002311 on a 24-hour basis. Last week, the Shiba Inu coin was up 0.43% cumulatively.
The Sandbox is down 8.14% in 24 hours to $2.7789. Last week, The Sandbox was down 1.98% cumulatively.
Real-time Virtual Currency BTC Price Updates
Due to the recent ups and downs of virtual currencies, it is even more important to have a real-time view of the price control. Gate.io, one of the world's top 10 crypto-asset exchanges, has a daily trading volume of over $3 billion. Not only does it provide a digital currency trading platform, but also a real-time data view. It allows you to know the price trend of virtual currencies every moment of the day.
Gate.io is an exchange for one of the most complex and diverse product platforms on the market. Currently, the exchange has 1,232 coins and 2,395 currency pairs listed and manages a daily trading volume of $8.7 billion in spot and contracts. This exchange is a great choice no matter which currency an investor wants to buy. It is easy to open an account and make a purchase on this platform even for newcomers.
Regarding the future direction of virtual currencies, a note released by JPMorgan Chase last Wednesday pointed out that the cryptocurrency market has more upside ahead as inflows into the Stablecoin market have surged in the past week. They highlighted that the market share of Stablecoins in the overall cryptocurrency market has soared to a record high of about 10 percent, which means there is more upside in the general cryptocurrency market. This is because Stablecoin is "often used as the initial vehicle for converting fiat currencies to cryptocurrencies".
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