drop seen in Bitcoin
price generated some domino effect this August 24, so much of the major altcoins are also going down today at this time.
price drops to USD $48.600 this August 24
), the main digital currency that for today is down and is quoted at this hour at about USD $48.637 per unit, with a fall of 3.4% compared to what was seen yesterday.
was trading above USD $50,000 per unit and then began to fall to reach lows below USD $49,000 overnight. However, for this August 24 after partially recovering, it again goes down and recorded a significant drop in the last 24 hours. Bitcoin price evolution this August 24
is unpredictable to estimate what will happen with the price of Bitcoin
in the short term, many analysts and enthusiasts seem inclined to think that the digital currency is projected to new record highs, suggesting that perhaps by the end of this year or before we can see prices above USD $ 60,000 per unit despite the volatility present in the market.cado.
Let’s keep in mind that during the past month of May Bitcoin recorded the highest values throughout its history, this after trading above USD $64,000 at a time of great expectations among investors. However, due to Tesla’s refusal to receive payments with the digital currency because of the high carbon emissions and the announcements made by the Chinese government, the price of the digital currency plummeted and derived quite remarkable losses in the short / medium term.
Although this type of fluctuations are to be expected for those who have more experience in this ecosystem, several reports pointed out that the sales occurred mainly among less experienced investors, who opted to exit the digital currency to mitigate losses amid the uncertainty seen in the market.
But there were others who took advantage of the lows seen at that time and invested their capital in Bitcoin, deriving today gains of more than 37% in the last three months. At the same time, there are many enthusiasts and recognized figures who continually say that the digital currency is projected to much higher values, among which stands out the CEO of MicroStrategy, Michael Saylor, who says that whenever there is the opportunity they will acquire more BTC.
Cardano also sees a slight drop
Let’s keep in mind that during yesterday afternoon the digital currency got quite close to the USD $3 per unit barrier. Although what happens today could be interpreted as a correction, there are still many expectations about its price ahead of September 12, when the next update of its network will take place and will mark the arrival of smart contracts to the Cardanoecosystem.
Main altcoins down on August 24
In that sense, coins like Ethereum (ETH), Binance Coin (BNB), XRP, <a href=”https://www.diariobitcoin.com/glossary/dogecoin/” target=”_blank” rel=”noopener”>Dogecoin (DOGE), Polkadot (DOT), Uniswap (UNI), Chainlink (LINK), Bitcoin Cash (BCH), Litecoin (LTC ) and many others are down with drops between 2% and 6% at the time of writing.
Winners and losers of the day
Below we review the cases with the steepest fluctuations for this August 24.
– Daily฿itcoin (@DailyBitcoin) August 24, 2021
???? Winning Cryptocurrencies:$LUNA Terra 15.25% (USD $32.77)$AVAX Avalanche 4.48% (USD $50.61)$HBAR Hedera Hashgraph 3.89% (USD $0.27)$ENJ Enjin Coin 3.1% (USD $1.98)<a href=”https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw”>$SOL Solana 2.1% (USD $74.67)
– Daily฿itcoin (@DiarioBitcoin) August 24, 2021
To purchase cryptocurrencies through DiarioBitcoin
Now that Bitcoin and the main cryptocurrencies register important increases, if you are one of those who see opportunities and want to buy cryptocurrencies, we remind you that our section CryptoMarkets already has buttons for you to proceed to buy your favorite digital coins.
If you want to buy Bitcoin (BTC ), prefer to buy Ethereum (ETH ) or want to get some Tether (USDT ), you just need to go to our CryptoMarkets and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a larger number of digital currencies.
Report by Angel Di Matteo / DiarioBitcoin
Image by Unsplash