Daily Archives: February 7, 2022

Bitcoin is one of the most trusted cryptocurrencies in the market and its dominance keeps growing

The year 2021 will go down in history as one of the greatest milestones for major cryptocurrencies like Bitcoin. Bitcoin witnessed massive institutional adoption in 2021, so much so that El Salvador adopted Bitcoin as its legal tender to make currencies available for the unbanked citizens of the country. Also, the upsurge of NFTs, the expansion of decentralization, and the emergence of various financial institutions have made it possible for major cryptocurrencies like BTC to expand their domain in the market. Bitcoin has been the talk of the town since its inception in 2009. Last year, BTC hit all-time highs of US$67,000 in November as the market analysts made wild predictions about the coin surpassing US$100,000 in 2022. But then it plunged right back into the crypto winter after its bullish run for quite some time. Several market analysts now believe that BTC will soon recover from its bearish phase and will achieve major goals by the end of 2022. In this article, we have listed the top Bitcoin predictions that might come true in 2022.

Crypto and blockchain experts believe that Bitcoin will be adopted as a digital asset by more people in 2022. They also believe that more understanding about the industry and the underlying technology will drive this adoption. There may be more countries like El Salvador that will adopt BTC as a legal currency to enhance and facilitate efficiency in the economic and financial infrastructure.

There are several investors and market analysts who believe that the year 2022 will witness more crypto regulations. Even though opinions on this aspect are not united, several government organizations believe larger industry players are looking for clearer regulations, and integrating regulations would help them build confidence in the industry and would also encourage them to adopt other major cryptos in the future.

One aspect that has become extremely clear in 2021 is that there are many other cryptos with great potential that pose direct competition to BTC. There are numerous coins launched every other day, directed towards specific purposes. Ethereum and Solana are the top rivals that Bitcoin faces right now, and experts believe that Ether or SOL might take over Bitcoin in the future.

As mentioned above, the crypto market comprises several other digital currencies, but BTC accounts for almost 70% of the whole market capitalization during early 2021. According to reports, the number has now risen to almost 40% more. But experts believe that the emergence of more digital currencies, including NFTs in the metaverses, will shift several existing conditions revolving around BTCs role in the industry.

Even though the relationship between cryptos like Bitcoin and centralized banks is not the best, with the growing popularity of cryptocurrencies, more and more central banks are introducing Bitcoin-related services in 2022. Currently, major banks are undertaking projects that reflect on the decentralized nature of cryptocurrencies and initiate such programs according to the customers needs.

At the beginning of 2022, Bitcoin might not have showcased its true potential, but that does not mean it will continue to dive further continuously. Market analysts are quite optimistic about BTCs future growth and performance. Even though volatility will always be a part of Bitcoin, like in all other cryptocurrencies, after all these fluctuations, the value of BTC will continue to rise.

One of the most unique opportunities that Bitcoin or any other cryptocurrencies possess is that they can create a lot of ownership opportunities. BTC can lead to widespread ownership of cryptocurrencies as people are looking for new ways to invest in innovative technologies and businesses. This increased ownership will also lead to large tech corporations investing in blockchain and cryptos.

The crypto industry has faced several hacks and scams. Market regulators believe that the rising popularity of BTC requires harder regulations. Otherwise, malpractitioners might use the crypto for various other illegal purposes.

Even though this might not seem like a possibility right now, experts are still confident about Bitcoins bright future in 2022. Several tech leaders consider Bitcoin as the face of the crypto domain. Quite rightly so Bitcoin has already presented its true potential in 2021. So, there are quite optimistic BTC price predictions.

Big development crypto investors will be on the lookout in 2022 for the first spot Bitcoin exchange-traded funds by the US. Futures ETF is one of the greatest attractions for investors so there might also be developments in the spot Bitcoin ETF domain.

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Top 10 Bitcoin Predictions that Might Become Real in 2022 - Analytics Insight

Cryptocurrency custody solutions have become a big business over the last few years. Independent storage and security systems meant to hold large quantities of crypto on behalf of clients can bring in institutional capital and retail investors waiting on the sidelines simply because they remove a major fear: losing access to funds that become unrecoverable.

Because of the decentralized nature of major blockchains like that of Bitcoin or Ethereum, whenever a user loses access to their wallet and doesnt have a backup of their private keys, the funds within it cannot be recovered. Theres no central entity to turn to, and no one can control the blockchain to give anyone access back to their funds.

Storing a private key can be challenging, as it needs to be kept away from bad actors, yet close enough for the user to access it when necessary. Dealing with the challenges associated with managing cryptocurrency has seen many simply leave their funds on cryptocurrency exchanges, creating a massive demand for crypto custody services, to the point where Americas fifth-largest bank is offering a solution.

While keeping cryptocurrencies with a third party is often seen as a security risk because that third party can itself get hacked, experts told Cointelegraph that custody services are the best option out there when it comes to lost coins.

Early cryptocurrency adopters have lost cryptocurrency in numerous ways, including exchange hacks. These security breaches have seen Bitcoin academic Andreas Antonopoulos popularize the famous slogan not your keys, not your coins.

Cryptocurrencies can be lost in a number of ways, although unless someone admits that they have lost access to their funds, its impossible to tell from data on the blockchain. More often than not, users lose access to a wallets private key, which allows them to access the funds within it.

There have also been cases in which users send cryptocurrency to the wrong address. Once again, because of the decentralized nature of the blockchain, theres no remedial action to retrieve these tokens. Finally, users can pass away without leaving anyone else access to their funds.

Speaking to Cointelegraph, Kim Grauer, director of research at blockchain forensics firm Chainalysis, noted that an estimated 3.7 million Bitcoin (BTC) (today worth over $140 billion) has been lost. Grauer said the estimate is a bit old and is set to be updated with further research later this year.

Crypto assets are often considered lost after remaining dormant for a specific number of years. While this method does point to coins that are effectively not currently in circulation, it is flawed. In 2020, for example, a wallet with 50 BTC first mined in February 2009 moved its funds to two addresses.

Michael Fasanello, director of training and regulatory affairs at the Blockchain Intelligence Group which helps government agencies, cryptocurrency businesses and financial institutions address fraud told Cointelegraph it may be difficult to approximate the monetary value of lost coins because those who suffered losses would not always be interested in sharing such information.

The figure of 3.7 million represents close to 20% of Bitcoins circulating supply, which, to Grauer, likely has an economic impact that will affect the long-term price of the cryptocurrency. Grauer added:

The Chainalysis executive added that this quality isnt unique to the cryptocurrency ecosystem and should not be prohibitive to further adoption, as there are many ways to custody your cryptocurrency safely either in your own possession or on an exchange.

Speaking to Cointelegraph, Chris Brooks, founder of cryptocurrency recovery business Crypto Asset Recovery, noted that in his experience, people should be more worried about leaving their seed phrase or private keys in paper wallets that can be mistakenly thrown out, rather than about hackers or scammers. Brooks said:

In March 2011, a user on the Bitcointalk forum started a thread, trying to add up the known lost BTC. While the thread derailed with time, it did show just how many users have lost access to cryptocurrency over the years.

These losses, as Chainalysis Grauer said, can have a significant economic impact on the cryptocurrency ecosystem.

Bitcoin creator Satoshi Nakamoto has famously said that lost coins only make everyone elses coins worth slightly more and that they should be thought of as a donation to everyone. The Blockchain Intelligence Groups Fasanello said that when it comes to coins with a limited supply, Satoshi may be right, but those with an infinite supply could see the reverse be true.

Fasanello said that just as fiat currency loses value with inflation, so do cryptocurrencies. If a cryptocurrency doesnt have a finite supply, the value of the lost coins is simply going to erode over time.

Speaking to Cointelegraph, Yuriy Kovalev, CEO of crypto trading platform Zenfuse, said that lost coins represent a hidden cost of security in the cryptocurrency space that benefits everyone else:

Indeed, most cases in which lost tokens are recovered involve lost passwords used to unlock wallets and not the private keys used to recover them. A recent case saw a computer engineer and hardware hacker crack a Trezor One hardware wallet that was locked because its owner had forgotten its security PIN.

Asaf Naim, founder and CEO of blockchain application developer Kirobo, told Cointelegraph that Satoshis words may be true for minor and occasional instances of losing crypto, but Naim added that the law of scarcity only holds if people have confidence in the underlying system. If too much cryptocurrency is lost, people will stop believing in its use and its intrinsic value.

Early stories from the cryptocurrency space about lost crypto have made headlines over the years, pointing to how hard it may be to recover lost funds. One such example is that of James Howells, who threw away a hard drive containing 7,500 BTC (almost $285 million today) while cleaning his house in 2013.

Wallet recovery services have gained popularity over the last few years but often charge large percentages of the funds they recover. Grauer said that there are industry solutions meant to reduce the chances of accidental losses, which include storing your cryptocurrency on a known and trusted exchange, or hot wallet, similar to what you do with a bank.

The approach contrasts those who argue that if a user does not control the private keys to their wallet, they do not actually own the coins within it. Speaking to Cointelegraph, Crypto Asset Recoverys Brooks seemed to agree with Grauer, adding, however, that crypto can be extremely complicated, and as such, he believes new investors are better off with custodial wallets.

To Brooks, if a user suddenly passes away or suffers a serious accident, its easy for loved ones to claim their crypto from a custodial wallet, but its hard to do so through the use of a private key. Kirobos Naim believes the cryptocurrency recovery industry may be important but is part of a backward approach:

He added that credit cards wouldnt be as popular as they are if there was a high chance of irreversibly losing money every time you used one. The solution could be related to cryptocurrency platforms and their user experience, which could, for example, implement whitelists the same way online banking platforms do to prevent common errors.

To the executive, its amazing that writing down words on a piece of paper or memorizing them is the best practice for security in 2022, as it shows crypto has lacked a safety net for human error.

The free market has attempted to come up with better solutions over time, which include the creation of titanium sheets where users can write down their seed phrases or private keys. These sheets are harder to throw away by accident and can often survive natural disasters. Some wallets, including Coinbase Wallet, allow users to back up their private keys on Google Drive or iCloud.

While cryptocurrency custody services may offer institutional investors the security they need to enter the market, for users looking for an uncensorable form of money, lost crypto may continue to be a problem for the foreseeable future.

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Lost Bitcoin may be a donation, but is it hindering adoption? - Cointelegraph

During the House Hearing on Cryptos Energy Use & Impact there was a point of opposition provided in the manner of, number of jobs per unit of electricity consumed. Im not nonplussed by the question I think theres a fair question to ask relative to our understanding of where our energy is going somewhere in there, and maybe there is some validity to comparing it to our employment figures, I dont know. But to gain a bearing of understanding around this kind of thinking I wanted to look to compare the energy consumption of one of our favorite companies here in the United States.

I chose to look at Microsoft (MSFT). On some quick napkin math I looked at Microsofts 2019 employment numbers (144,000), as I could only find data on their energy consumption from 2019.

2019s total energy use, thanks to Microsofts 2019 Environmental Sustainability Data Factsheet, comes in at just over 9.2 million megwatt hours (MWh). Which is 9,200 gigawatt hours (GWh), or 9.2 terawatt hours (TWh).

Before we attempt to look into the energy consumption and moralization conversation, a quick input from the American Geosciences Institute:

The amount of electricity that a power plant generates over a period of time depends on the amount of time it operates at a specific capacity. For example, if the R. E. Ginna reactor operates at 582 MW capacity for 24 hours, it will generate 13,968 megawatt hours (MWh).

The largest nuke reactor in the world as of January 2020 resides in Japan. Tokyos Kashiwazaki-Kariwa reactor has a net capacity of just shy of 8,000 MW, so for conversations sake well just use that nice, round number. To get our MWh measurement so we can compare production to consumption lets do the math:

8,000 MW output x 24 hours = 192,000 MWh

Now we need to get the annual potential output, this metric is not going to necessarily be reliable because nukes cannot operate perpetually. There is very important maintenance along the way in order to ensure that all safety and regulatory guidelines are met. But were speaking in hypotheticals here:

192,000 MWh x 365 days = 70,080,000 MWh annually

or

70,000 GWh

or

70 TWh

According to Power-technology.com that plant produces enough power to support 16 million homes.

Here we have Microsoft consuming nearly 13% of that relative output for themselves. And if we wanted to go down the line of thought around number of jobs per unit electricity consumed wed get a figure that looks something like:

9.2 million MWh / 144,000 employees = 63.9 MWh per employee

According to the U.S. Energy Information Administration the average household consumes 10,715 kWh per year, at 893 kWh per month.

Okay now my math might be wrong here, so check me. But according to my brain that means that Microsofts energy consumption per employee equals that of approximately 4,000 households each.

Is this really a metric that Bitcoins opponents really want to use to try and argue against supporting the network and asset?

Both Microsoft and Bitcoin are providing massive services to tens of millions of people across the world: between facilitating digital communications and operations, to securing purchasing power and providing functionality for cross-border payments and settlement finality that are leaps and bounds improved over the standard today.

As a former artist, and academic by passion, all I ask is this:

Can we please criticize from honest, even and fair grounds?

Can Bitcoins opponents throw hypocrisy and ignorance out the window?

This is a guest post by Mike Hobart and Tyler Bain. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Original post:
Addressing More Bitcoin Energy FUD By Showing The Mirror - Bitcoin Magazine

El Salvador, which has been on the forefront of crypto adoption after making Bitcoin official tender, now has a new Bitcoin education center.

As you may remember, the bill to make Bitcoin legal tenderin El Salvador got passed by the Legislative Assembly on June 9 and theBitcoin Lawbecame effective on 7 September 2021.

On 24 June 2021, President Bukeleannounced during a national address that the Bitcoin Law will become effective on 7 September 7 2021.

According to a report by Cointelegraph, El Salvador has partnered with peer-to-peer Bitcoin marketplace Paxful to launch La Casa Del Bitcoin, an educational and training center to provide resources for learning about Bitcoin.

Paxfuls blog post, which was published on February 2, mentioned that the center would also be home to theBuilt With Bitcoin Foundationoffices, hosting events and meetups to build greater community participation and education.

It went on to say that La Casa Del Bitcoin would provide educational training and events that grow awareness around the benefits of buying and selling Bitcoin as a means of exchange for the local community and that it would further drive the next wave of Bitcoin mass adoption and equip growing segments such as small merchants and local businesses with tools to connect to a global community of users.

Ray Youssef, CEO and co-founder of Paxful, had this to say:

Its no secret that Bitcoin is shaping the future of finance in El Salvador and beyond. Education continues to be a key driver of global Bitcoin adoption and this new center represents its importance to the creation of an inclusive financial system. From the small merchant to the Bitcoin enthusiast, were excited to learn from the people and share the power of Bitcoin for freedom and equal financial access.

And Yusuf Nessary, Director of Philanthropy of Built With Bitcoin Foundation, said:

Were excited to build a home for the Built With Bitcoin Foundation in El Salvador and expand our impact. The projects that we are launching demonstrate the power of Bitcoin as a philanthropic tool to aid change and further financial freedom. Were grateful for the opportunity to deliver resources and continue building equitable opportunities for countless people and communities who bring our mission to life.

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Featured Image by user BenjaminNelan via Pixabay.com

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A New Bitcoin Education Center in El Salvador Aims to Bring About Next Wave of Adoption - CryptoGlobe

The Venezuelan government has approved a new tax bill aiming to collect up to 20% in taxes from cryptocurrency transactions, according to local reports.

Venezuelas National Assembly helda second discussion session on Thursday for a new draft bill targeting taxes on large financial transactions in cryptocurrencies like Bitcoin (BTC).

The Venezuelan government reportedly approved the draft bill last Thursday, requiring local firms and individuals to pay up to 20% for operations carried out in cryptocurrencies as well as foreign currencies such as the United States dollar.

Filed on Jan. 20, the draft law aims to collect 2%20%from transactions in any currencies other than those issued by the Bolivarian Republic of Venezuela, or the Venezuelan bolivar and the countrys oil-backed cryptocurrency, El Petro.

The initiative aims to incentivize the use of the national currency, which reportedly lost over 70% in value last year alone and shed nearly all its value over the past decade.

It is necessary to guarantee treatment at least equal to, or more favorable, to payments and transactions made in the national currency or in cryptocurrencies or crypto assets issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency, the bill reads.

Related: India to introduce 30% crypto tax, digital rupee CBDC by 202223

As previously reported by Cointelegraph, Bitcoin adoptionhas been skyrocketing in Venezuela in recent years, with many thousands of local businesses starting to move into cryptocurrency to survive hyperinflation. In October 2021, a major international airport in Venezuela was preparing to start accepting cryptocurrencies like BTCas payment for tickets and other services.

Link:
Venezuelans reportedly hit by new Bitcoin tax of up to 20% - Cointelegraph

Ethereums competitor Polkadot network consumes the least electricity compared to Bitcoin, Solana and other top cryptocurrencies. This implies that Polkadot has a less negative impact on climate change than its counterparts . The network recently announced its Pioneers Prize program to reward technological innovation on the Polkadot blockchain.

The Crypto Carbon Ratings Institute (CCRI) conducted a new research on the electricity consumption of blockchain networks like Ethereum, Solana, Bitcoin and Polkadot. Based on research findings, Polkadot consumes less power than most popular cryptocurrencies, at 6.6 times the annual electricity consumption of an average US household.

Bitcoin consumes the most electricity, followed by Ethereum, Solana, Cardano, Algorand, Avalanche and Tezos.

The electricity consumption by a blockchain network is a factor influencing the inflow of capital from institutional investors. This is evident from Teslas move in 2021, when the electric car giant stopped accepting Bitcoin payments in 2021, citing the environmental impact of BTC mining.

The Polkadot network recently announced its Pioneers Prize program, with a reward of $20 million for technological innovation in its ecosystem. The Ethereum-competitor is keen on supporting the growth of its ecosystem and Web3; the prize sets a series of challenges to pick winners.

The news of the Pioneers Prize program and Polkadots low electricity consumption compared to its peers have fueled a bullish outlook on DOT among investors.

Analysts have evaluated the Polkadot price trend and noted that the altcoin has completed its breakout and retest. @CryptoBoss1984, a pseudonymous technical analyst, believes that Polkadot is in the buy zone.

FXStreet analysts have predicted that the Polkadot price would offer a buying opportunity before the altcoin rallies 45%.

Read more from the original source:
Polkadot consumes least amount of electricity compared to Bitcoin, Ethereum and Solana - FXStreet

Shiba Inu (CRYPTO: SHIB) may not have had a rip-roaring January to show, but the dog-themed currency has remained the favorite among digital currencies.

What Happened: Shiba Inu was the most popular cryptocurrency on crypto price tracking website CoinMarketCap, according to a new report from CrptoDiffer, citing data from crypto market data aggregation & analytics platform Cryptorank.

Bitcoin (CRYPTO: BTC), the apex cryptocurrency, stood second, followed by Ethereum (CRYPTO: ETH), Fantom (CRYPTO: FTM) and Ariva (CRYPTO: ARV).

Incidentally, Dogecoin (CRYPTO: DOGE), despite having the backings of some high-profile personalities such as Tesla, Inc.'s (NASDAQ:TSLA) Elon Musk, is not featuredamong the top 15 popular coins on CoinMarketCap.

Related Link: Robinhood CEO Explains Why He's Resisting Calls For Accepting Shiba Inu

Why It's Important:The fact thatShibaInu outrankedits more illustrious rivals despite having a fraction of their market capitalizations, isa testament to the loyalty of the SHIBA community called the Shiba Army, and the resulting increase in interest.

After a breathtaking rally in 2021 that took the meme crypto to its all-time high of $0.000088 in late October, Shiba Inu pulled back amid the crypto market sell-off seen in late 2021. It came under further selling pressurein 2022 as the crypto sell-off extended into the new year.

The community, however, has stood behind SHIB like a pillar, and is pinning its hopes on a turnaround, which may be hingedon trading app Robinhood Market Holdings, Inc. (NASDAQ:HOOD) adding Shiba Inu to its list of tradable cryptos.

At last check, Shiba Inu was seen down 1.66% at $0.00002275.

Related Link: Bitcoin Stays Above Key Support: What Does The Near-Term Hold For The Apex Crypto?

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Shiba Inu Edges Out Bitcoin, Becomes The Most Popular Crypto On CoinMarketCap In January - Benzinga - Benzinga

Ark Invest CEO and founder Cathie Wood took stock of the recent corrections seen in the prices of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices and touched on their utility for diversification purposes in the latest episode of the firm's "In the Know" podcast.

Why Crypto Is Down: Wood saidthat more and more hedge funds are involved in Bitcoin and Ethereum and with the contraction seen in regular markets a higher correlation in the prices of cryptocurrencies is visible.

However, over the full market cycle, this correlation is extremely low, according to wood.

See Also: How To Buy Bitcoin (BTC)

Interesting For Diversification: This low-correlation with other assets makes cryptocurrencies a very interesting asset for diversification purposes, Wood said.

The hedge fund manager broke Arks understanding of cryptocurrencies in three ways:

In January, Ark analyst Yassine Elmandjra had pointed to the velocity of fiat currencies, which could worsen inflation and currency devaluation.

At the time, Ark Invest said that if Bitcoin could capture just 5% of the global monetary base beyond the largest of four fiat currencies, its market cap could triple to $2.8 trillion by 2027.

Read Next: Bitcoin Crosses $42K Level, Ethereum Above $3K As Dogecoin And Meme Coins Shine Too Why The Pressure On Crypto Market Is Still On

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Why Cathie Wood Sees Bitcoin And Ethereum As Great Assets For Diversification In 2022 - Benzinga - Benzinga

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to financial hell, he advised, Save gold, silver, and bitcoin.

Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted this week that the Federal Reserve and the U.S. Treasury Department are destroying the dollar.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki wrote, There are a million paths to financial heaven and a billion paths to financial hell, adding:

Fed and Treasury [are] destroying the dollar sending billions of dollar savers and uninformed to financial hell. Go to financial heaven. Save gold, silver, and bitcoin.

This is not the first time the famous author has warned about the Fed and the Treasury hurting the economy and individual investors.

In December last year, Kiyosaki tweeted a warning that the Fed and U.S. President Joe Biden are pushing fake inflation. He predicted an imminent, massive crash that will be followed by a depression.

Kiyosaki also said in October last year that Biden and the Fed are ripping off poor people, reiterating that the U.S. is sliding into a depression. Inflation rips off the poor. Inflation makes [the] rich richer, he stressed. The famous author also tweeted in the same month:

I love bitcoin because I do not trust [the] Fed, Treasury, or Wall Street.

Kiyosaki has been recommending that investors buy gold, silver, and bitcoin for quite some time.

In January, the famous author said it was great news that the price of bitcoin was crashing. He added that he will buy more BTC when the price of the cryptocurrency tests $20K. In November, he said he will also buy ether as inflation fears escalated.

What do you think about Robert Kiyosakis advice? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Rich Dad Poor Dad's Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin Featured Bitcoin News - Bitcoin News

This article features the top ten cryptocurrency prices today on February 07, 2022

Bitcoin, the worlds most popular cryptocurrency, was trading at US$42,841.17 or 3.21 percent higher than its price 24 hours ago. Nine out of ten major cryptocurrencies are in the green today on February 07, 2022. Here are the top 10 cryptocurrency prices you should check before investing.

Analytics Insight lists the top 10 current cryptocurrency prices on February 07, 2022

Bitcoin (BTC)- US$42,817.91 (up by 3.21%)

Ethereum (ETH)- US$3,079.92 (up by 2.25%)

Tether (USDT)- US$1.00 (down by 0.01%)

Binance Coin (BNB)- US$427.04 (up by 2.80%)

USD Coin (USDC)- US$0.9996 (up by 0.02%)

Cardano (ADA)- US$1.16 (up by 4.00%)

XRP (XRP)- US$0.7234 (up by 8.21%)

Solana (SOL)- US$119.58 (up by 5.69%)

Terra (LUNA)- US$57.46 (up by 2.91%)

Polkadot (DOT)- US$22.02 (up by 3.91%)

According to CoinMarketCap, the global crypto-market cap is US$1.96T with a volume of US$68.51 billion over the last 24 hours with a decrease of 2.92%.

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Cryptocurrencies Price Today: Bitcoin and Ethereum are in Green - Analytics Insight