For this January 21 Bitcoin It surprises locals and strangers with a drop of close to 10% in the last 24 hours, which is also felt among the main cryptocurrencies in the market.
Price of Bitcoin falls below $39,000
We open our price report for the morning of this January 21 reviewing the sharp drop capitalized by the price of Bitcoin (BTC), since despite the instability seen yesterday, the digital currency went down sharply and is trading at about USD $38,298 per unit at the time of publication, a fall that represents losses of almost 8% of its price in the last 24 hours.
According to the data published in our section CryptoMarkets, the price of Bitcoin It suffered a quite pronounced fall that began in the afternoon of yesterday, just when the coin was trading above USD $43,000 per unit. Since then, its price began to fall and this trend was pronounced in the night hours until it fell below USD $39,000 shortly before midnight (New York time). Since then it has been hovering around said mark, although a few minutes ago it fell below it again, until reaching the aforementioned values.
Regulatory fears and emphasis
It is not surprising that there is a lot of fear and uncertainty in the market right now, especially in light of the regulatory approach certain nations are taking right now.
While the Central Bank of Russia is proposing a totally prohibitive approach on the use and commercialization of the main digital currencies in its country, the SEC in the US contemplates the possibility of regulating all exchanges that operate locally by this 2022, which which would bring with it rules that may not be beneficial for people and entities interested in operating with cryptocurrencies.
coming back with the SEC, the entity ruled yesterday in relation to the request for Bitcoin ETF introduced by SkyBridge Capital – company of Anthony Scaramucci -, which he rejected just as he did with those presented by other reputable entities. The conclusion was based on the risks of market manipulation, the strong volatility that shakes prices at times of high demand and the few security guarantees for clients.
Major altcoins also fall sharply this January 21
But it was not only Bitcoin that fell sharply on January 21, as the main exponents of the market also fell sharply this morning.
Such is the case of currencies such as Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Solana (SOL), XRP, Terra (LUNA), Polkadot (DOT), Avalanche (AVAX), Polygon (MATIC), Crypto.com (CRO) and many others, which fell sharply and record losses close to and/or greater than 10% in the last 24 hours.
Losing cryptocurrencies this January 21
Finally, below we review the cases of the currencies with the most unfavorable fluctuations for this January 21:
???? Losing Cryptocurrencies:$SCRT Secret -17,7% (USD $7,16)$LRC Loopring -15.23% (USD $ 1)$ YFI yearn finance -14,91% (USD $28 685,98)$NEAR NEAR Protocol -14,22% (USD $14,17)$RUNE THORChain -14,07% (USD $4,82)
— Diary฿itcoin (@DiarioBitcoin) January 21, 2022
To buy cryptocurrencies through DailyBitcoin
We understand that this is a complex and especially sensitive moment in the cryptocurrency market, but if you are one of the people who see opportunities with current prices, we remind you that our section CryptoMarkets already has buttons so you can buy your favorite digital currencies.
If you want to purchase Bitcoin (BTC), prefer to buy Ethereum (ETH) or want to get some Tether (USDT), you just have to access our page CryptoMarkets and click on the currency of interest. In addition to seeing its price, evolution and other market data, you will also find a buy button that will take you to a reputable exchange where you can do your trading.
We recommend everyone to be very attentive as this possibility will be incorporated soon for a greater number of digital currencies.
Fountain: CryptoMarkets, CoinMarketCap
Picture of Unsplash
WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.