Bitcoin lunch price BTC amp crypto drops Watch Elon Musk

Bitcoin lunch: price BTC & crypto drops. Watch: Elon Musk deflates, excitement

By now it’s lunch time again. We take a look at the live Bitcoin price and the prices of the top 25 crypto currencies. Then we look at how Elon Musk deflates in a high-profile Bitcoin podcast. Finally, we look at why this week will be exciting for the BTC and other major crypto currencies.

We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto currencies.

Live Bitcoin price and prices top 25 crypto coins drop

At the time of writing, the live Bitcoin price is quoting EUR 42,023.97 ($47,570.855). This is 3.16% lower than yesterday at lunchtime and also sharply lower than last Friday.

Sentiment for the other crypto coins in the top 25 is also negative. With one exception, we see only green numbers. This exception is for Uniswap (UNI), which is posting a gain of 1.32%. The biggest loser of the past day is Solana (SOL), which loses 8.02%. On the site of Tradeincrypto.com, you can view all live crypto prices 24 hours a day.

As we can see, not much is left of the Christmas rally and a New Year’s Eve rally seems far away. Nevertheless, there are still plenty of opportunities to make money. This article with 5 tips to make money with crypto between Christmas and New Year without investing will help you on your way.

Is an end-of-year rally for Bitcoin really out of the question?

Although it currently looks like the crypto market is in negative territory, a lot can change. Indeed, this Friday at 10 am Dutch time, options for Bitcoin and other crypto currencies will expire. The expiration of weekly and monthly options is always interesting, but at the end of December, the annual options will also expire. Given the open interest, there is still a good result to be achieved for investors. It is not excluded that large parties will try to get the market moving in order to maximize returns or limit losses around the expiration date of the options. Of course, we will look at this development later in the week. For those who want to take a closer look at the options market, Huobi is the place to go. Our colleagues at Tradeincrypto.com are happy to introduce this party.

Elon Musk deflates over crypto in high-profile podcast

When Elon Musk is a guest on a podcast there is usually plenty to talk about. This was no different when he joined Lex Fridman yesterday. Elon Musk was very candid and told us who he thinks is behind the pseudonym of Bitcoin creator Satoshi Nakamoto.

He also shone his light on the possibilities of crypto currencies on Mars. For those who want to watch the podcast first, the podcast follows. Spoiler alert: after the podcast, we’ll give a short summary of what Elon Musk said about both topics. As promised, here is the podcast first.

Of course, we’ll discuss the podcast after.

Who is Satoshi Nakamoto according to Elon Musk?

Of course, he’s holding back a few beats, but according to Elon Musk, it’s clear that crypto-expert Nick Szabo is behind the pseudonym Satoshi Nakamoto. He sees a lot of similarities in technologies used by Szabo and the technology behind Bitcoin and its predecessor “bit gold”. Now, Nick Szabo’s suggestion is not very strange. For years his name has been popping up as the man behind Satoshi, like in 2018 when Fortune Magazine even made the news. However, Nick Szabo himself continues to deny.

Will Dogecoin become the crypto currency on Mars?

As many know, Musk with SpaceX is busy trying to get people on Mars. In fact, he expects that if the Earth becomes overpopulated, people will emigrate to Mars. When that happens, of course, payment systems will also be needed on Mars. It was expected that he had the Dogecoin (DOGE) or perhaps even the Bitcoin in mind for this. However, this is not the case. Due to the speed of light, the exchange rate on Earth does not appear to synchronise with the rate that would apply on Mars. This would compress the blockchain. Of course, the crypto-minded Musk does expect that there will be a crypto currency on Mars, but that this will be a new currency.

In short, there is plenty of news to be expected for both topics that we are obviously following.

Want to stay informed about the latest share price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real-time. Are you interested in other investments besides crypto? Then you might want to read our weekly price forecast.

Note: We never give financial advice, so our contributions should not be interpreted as such. Always do your own research and decide rationally if, when, what and how much you want to invest.