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Cryptocurrency price LIVE – Huge crypto crash as Bitcoin, Shiba Inu coin, and Ethereum all PLUMMET in value

Cryptocurrency price LIVE – Altcoin Binance tops Bitcoin and Ethereum as Polygon fixes bug and crypto staking revealed
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The prices of many well-known cryptocurrencies fell after the Federal Reserve meeting.

Shiba Inu, Bitcoin and Ethereum all collapsed early Thursday morning, with Bitcoin dropping to its lowest level in more than a month.

Bitcoin was down more than 7 percent at $43.1 thousand around 9 a.m. ET, according to Coinbase.

Shiba Inu is down more than 8 percent, while Ethereum is down drastically by nearly 12 percent as well, according to CoinBase.

The declines came after stocks fell on Wednesday following the release of the minutes of the Federal Reserve’s December meeting.

Policy makers at the meeting indicated a plan to begin reducing bond holdings. The central bank will also start raising interest rates.

Cryptocurrency market analyst Yuya Hasegawa said that Bitcoin could drop significantly less.

“The downward pressure on the price is expected to continue until full market prices in the tighter-than-expected future monetary policy,” Hasegawa said in an emailed note to CNBC.

Read our Crypto Live Blog for the latest news and updates…

  • Robinhood Dangers

    When it comes to risk, investing alone is one because you are not guaranteed to make a profit and your assets may go down in value.

    If you choose Robinhood to be able to trade stocks and cryptocurrencies – the game becomes more and more risky.

    Not only are cryptocurrencies difficult to understand, but it is also difficult to predict when downtrends will occur in the market.

    For example, cryptocurrency was booming this year until Elon Musk said that Tesla was stopping accepting payments in Bitcoin.

  • Upstate NY Town Moderator Creates Anti-Purge Cryptocurrency

    Kanajuhari Township Supervisor Penny Goldstein has developed a cryptocurrency protesting mandates for a COVID-19 vaccine.

    The Republican leader said he spent $20,000 of his own money making the coin called “FucVax”.

    To get Fucvax, a form of “digital protest,” people first have to buy her father’s coin, Avalanche.

    According to the Daily Gazette, Goldstein initially made 200,000 digital tokens, each worth a penny. He said that each token is now valued at $0.24 and that 147 people currently own FucVax, including residents of Kanajuhari.

  • Litecoin vs Bitcoin

    Litecoin, founded in 2011 by Google engineer Charlie Lee, works similarly to Bitcoin.

    On some occasions, Mr. Lee refers to Litecoin as “the silver to the gold of Bitcoin.”

    Cryptocurrencies operate similarly in how their global payments are set up. Both are not under the control of financial institutions.

    Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.

    While Litecoin is smaller, it is a faster and cheaper alternative as compared to Bitcoin.

  • Petition for Shiba Inu to be listed on Robinhood

    This year’s Change.org petition was launched to “Please ask Robinhood to list Shiba Inu!”

    Recently, the petition has exceeded 554,000 signatures. Originally, the target was 500,000 – but it has recently been raised to 1 million signatures.

    Shiba has been added on more major exchanges including Coinbase Global.

  • Shiba Inu forecast

    Crypto website Wallet Investor expects Shiba to be worth $0.000089 within a year.

    Meanwhile, the coin price forecast expects Shiba to raise another zero by the end of 2022 and trade at $0.00029057.

    Then, in the middle of next year, the cryptocurrency price forecaster sees Sheba rise to $0.00033474.

    While it seems likely that Shiba will see more gains in the future, keep in mind that it will need a gain of ~326000% to hit $0.10.

  • Will Shiba Inu reach $0.10 this year?

    In general, it is difficult to predict how the price of Sheba will change in the future due to a large number of factors affecting it.

    This includes regulatory crackdowns around the world, comments from high-profile individuals such as Musk, and other developments.

  • Volatility Exceptions

    There are some exceptions to the volatility in the stablecoin sector.

    In November, GYEN, whose currency is the Japanese yen (JPY), rose 247% after Coinbase allowed its professional members to start adding tokens to their accounts.

    “Demand appears to be so high that the peg has failed to hold,” Marie Tateboit, chief marketing officer of crypto exchange Gate.io, told The Sun at the time.

    “A good stablecoin should not rise or fail under scrutiny.”

    However, the coin did not hold at those heights and declined days later.

  • The downside of stablecoin

    Just because your assets are experiencing significant fluctuations, it does not mean that you cannot get frustrated with stablecoins.

    This is because most stablecoins often offer much less upside when compared to traditional cryptocurrencies.

    For example, the main stablecoin Tether is currently trading flat against the same period last year.

  • What is a stablecoin?

    The idea of ​​a stablecoin was first proposed in a white paper by inventor JR Willett’s initial coin offering in 2012.

    As its name suggests, currencies are meant to run stably – and to avoid volatility.

    This is because its value is fixed through an asset such as a commodity or currency.

  • Trader on Cryptocurrency Losses, Part Two

    The investor did not give up new coins and bought into SHIB after hearing rumors that they were found in Tesla’s source code and likely to be used as a payment option for the company.

    The rumor turned out to be incorrect, leaving the dealer in the red once again.

    It was the third and final time before the new coin was announced Matic. The dealer said he bought the coin very close to the date of the announcement.

    “Anyway, don’t believe in rumors and hype, just stick with your usual crypto plan,” the trader said.

  • Trader details cryptocurrency losses

    An online investor has revealed how he lost a fortune after buying a cryptocurrency based on rumors – three times.

    The anonymous trader described Reddit’s losses, saying their first loss to Cardano was the hardest hit.

    “Everything about the ad seemed legitimate: it’s not a coin, smart contracts are a thing and there was a lot of hype,” the merchant said.

    The trader said that once Cardano was launched, its price dropped leaving the trader at a huge loss.

  • Why is Bitcoin harmful to the environment?

    The problem is the amount of energy used to mine a single bitcoin.

    Computers are needed to perform complex mathematical calculations to put new bitcoins into online trading.

    This process is also known as mining.

    A lot of energy is needed to mine Bitcoin and some experts are concerned that huge amounts of fossil fuels are used to generate this energy.

  • What is NFT Market?

    NFT is a non-replaceable token.

    Non-fungible tokens, unlike Bitcoin, are unique and cannot be exchanged for anything else.

    The majority of NFTs are located in the Ethereum blockchain. Ethereum is a cryptocurrency that has the ability to support NFTs.

    NFTs can be anything digital, and they are most commonly used as a way to buy and sell digital art.

    The NFT market is used to list NFTs and make sure they can be accessed for trading.

    Marketplaces allow users to promote their NFTs, where buyers can browse and bid on what they want to buy.

  • What are Altcoins, continue

    “They are building on Bitcoin’s success by slightly changing the rules, the economy, or the use cases to attract different users,” said Simon Peters, crypto-asset analyst at eToro.

    Altcoins vary greatly in their use cases and practicality. They usually have some form of technology that they support or provide a liquidity solution for a product or service.”

  • What are alternative currencies?

    Altcoin stands for Altcoin, a type of virtual currency that uses what is called a blockchain to allow secure transactions.

    Altcoin is a class of cryptocurrency and not a currency in itself, and there are more than 900 different altcoins available.

  • What is Metaverse? continued

    “The metaverse is a collection of 3D virtual spaces where you can share immersive experiences with each other when you are not together,” said Andrew Bosworth, President of Meta Virtual Reality.

    “What comes after the internet? Instead of looking at a screen, you get into experiences.

    “You don’t have to try it in VR. Most people will experience it initially on the screens they already have.”

    Facebook’s Mark Zuckerberg called it “the next version of the Internet,” and predicted that the real metaverse would be ready within a decade.

  • What is Metaverse?

    Metaverse has a broad definition. It’s the Internet, but it’s immersive – so you live in it.

    The platform will feature games, social networking, videos, shopping, health and fitness, and more.

  • The Risks of Investing in Cryptocurrencies, Part Four

    Other investment risks are Fees and fees.

    Consumers should consider the impact of fees and costs on their investment, which may be more than those of regulated investment products.

  • The Risks of Investing in Cryptocurrencies, Part Three

    The third risk of investing in cryptocurrency is Product complexity.

    The complexity of certain products and services related to crypto-asset groups can make it difficult for consumers to understand the risks.

    There is no guarantee that crypto assets can be reconverted into cash.

    Converting crypto assets to cash depends on the supply and demand that exists in the market.

  • The Risks of Investing in Cryptocurrencies, Part Two

    Another investment risk price volatility.

    The high price volatility of crypto assets, combined with the inherent difficulties in reliably valuing crypto assets, puts consumers at high risk of losses.

  • Risks of investing in cryptocurrency

    Investing in cryptocurrency means taking on a number of different risks.

    The first is consumer protection.

    Certain investments that advertise high returns based on crypto assets may not be subject to regulation other than anti-money laundering requirements.

  • Microstrategy Spends $414 Million On Bitcoin

    The business intelligence firm led by Michael Saylor revealed in a November 29 filing with the Securities and Exchange Commission that it purchased 7,002 bitcoins between October 1 and November 29.

    MicroStrategy has reportedly spent $414 million on coins.

    The company now has a reported stock of 121,044 bitcoins.

  • Main Meme Coins, Part Two

    Another dog meme that has gained popularity this year is the Saitama inu, whose logo appears to feature a wolf surrounding a human face.

    “Tokens like Shiba Inu, Dogecoin and the latest gainer Saitama are all part of the evolution of digital finance in their own unique way,” Chris Klein, chief operating officer and co-founder of Bitcoin IRA, recently told The Sun.

    Separately, Tiger King is a meme coin that has been gaining strong momentum lately. It is based on the popular Netflix series.

  • What are meme coins?

    You usually earn meme coin from social media or online joke.

    It all started with GameStop and AMC earlier this year, when the Reddit group acquired short sellers by raising the prices of those stocks.

    Then the memes spread to cryptocurrencies – and there are now quite a few major memes today.

  • What is Hbar encryption?

    Hashgraph is similar to the blockchain and was created in 2017 by American computer scientist Leemon Baird.

    The Hedera Hashgraph system is a distributed ledger based on Hashgraph and created by Baird along with Mance Harmon.

    HBAR is the cryptocurrency for Hedera Hashgraph.

    The company itself explains: “HBAR is the original energy-saving digital currency for the Hedera Public Network.”

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