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Crypto lunch: price BTC and crypto continues to fall, NFT and Metaverse update

Of course, at lunchtime today we are also looking at the live Bitcoin price and the prices of the top 25 crypto. Given the situation, we will leave the technical analysis for a while and look at the developments at NFTs and Metaverse.

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

Live Bitcoin price and prices top 25 crypto continue to fall

At the time of writing, the live Bitcoin price is EUR 33,191.20 ($37,734.31). This is 1.46% lower than yesterday around this time and also lower than during the crypto update we published a little earlier yesterday.

The prices of the top 25 crypto continue to fall as well. Apart from some stable coins we only see red numbers. The biggest loss is for Cronos (CRO) with -10.99%. On the site of Tradeincrypto.com you can analyze all live prices of crypto, including Bitcoin, 24 hours a day.

Since the market is currently still mostly reacting to the situation in Russia that we discussed last night we will leave the technical analysis for a while. Instead, we’ll look at the most recent developments at NFTs and Metaverse.

Crypto security for NFT transactions

NFT marketplace OpenSea has been hit by a phishing attack. This capitalized on an OpenSea promotion that required users to clean up their wallets. The phishers sent an email that appeared to come from OpenSea. Users had to make a transaction, inadvertently giving the phishers permission to transfer ownership of NFTs. They captured $2 million worth of NFTs in the process.

OpenSea obviously sympathizes with the users, but it emphasizes that the victims all used the phishing link. There is no problem with their systems and/or security protocols.

Here’s how to protect your Ethereum transactions

OpenSea works with the Ethereum blockchain. Phishing thieves and other malicious people can, of course, try to get users to make unwanted Ethereum (ETH) transactions in other ways besides NFTs. To prevent the possibility of casualties, Ethereum makes a verification tool available. With this, you can check whether you are making the right transaction to the right recipient. You can find the verification tool for Ethereum transactions here.

FOMO in NFT? Social discussion about early adaptors in crypto

Many initiatives in crypto, such as NFTs, tell people that you can only find maximum returns if you get there early. This tactic plays on a feeling of many investors. Because they are afraid of missing the proverbial boat later (in English ‘Fear of Missing Out’, or FOMO) they get in too early. Investors also think they are finding protection from later poverty.

This so-called poverty trap actually leads investors to risk losing money by making the wrong investments. In an extensive YouTube video lasting more than 2 hours, Dan Olson discusses the dangers of NFTs.

The video, which provides a comprehensive analysis of dangerous aspects of NFTs and has been online since January 21, is timely due to the recent price declines in crypto. In the crypto community, the online NFT docu is a hit with nearly 6 million views.

Soccer clubs open stadiums in Metaverse

There are also several developments in the Metaverse. Soccer clubs in particular are interested in this. Digital stadiums can be filled indefinitely and offer opportunities to watch games back and follow them live from various camera angles. There are also all sorts of other opportunities for interaction with fans, with the sale of virtual possessions certainly playing an important role in increasing revenue for clubs.

We saw earlier that Manchester United entered into a partnership and sponsorship agreement with Tezos (XTZ) for this purpose. Now it is known that city partner and rival Manchester City will also develop its stadium in Metaverse. They choose a partnership with Sony. Liverpool FC is now also looking for opportunities to cooperate.

Because of this enthusiasm, all kinds of other initiatives are also attracting the interest of professional footballers. For example, former footballers Gary Neville and Paul Scholes are launching a DAO based on sports. Christiano Ronaldo is also active on the digital fields in addition to playing soccer on the field.

Staying up to date with the latest stock 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 our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”