By now it’s lunchtime again, so we look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at how Russia and Ukraine are also fighting each other via crypto. Finally, we share a scam alert involving Tron (TRX) and Shiba Inu (SHIB).
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 drop and book negative result
At the time of writing, the live Bitcoin price is quoting EUR 34,191.48 ($38,364.14). This is 2.74% lower than yesterday around this time and also slightly lower than during Friday’s cryptolunch.
Sentiment is also negative for the prices of the top 25 crypto. We see only negative daily results for the top 25 crypto except for Solana (SOL), which is trading +0.11%. The biggest loss is for Polkadot (DOT), at -8.21%.
Although major downturns were absent, last week’s correction has still left its mark on crypto exchanges. For example, Bitcoin recorded a loss of 0.51% over 7 days, but managed to keep its result positive over the past 30 days with + 1.23%.
The biggest gain of the past week was for Terra (LUNA) with + 48.91%. Also the best result over the past 30 days was for Terra (LUNA) with + 45.81%. The worst performing crypto coin from the top 25 this week was Dogecoin (DOGE), which lost 9.55%. The biggest loss of the month was to Cardano (ADA) at -16.55%. On the Tradeincrypto.com site you can analyze all the results and all the live crypto prices 24 hours a day.
Russia and Ukraine also battle it out on the crypto market
Last week we already saw that many Russians took refuge in the crypto market to avoid consequences of the international sanctions. Now the Ukraine has also announced that they are accepting donations in crypto to pay for the fight.
In addition, the Minister of Digital Transformation of Ukraine made a call to “all major crypto exchanges” to block the account of Russian users. This would also make it more difficult for Russians to trade on the international crypto market.
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I’m asking all major crypto exchanges to block addresses of Russian users.
It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.
– Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022
Crypto exchanges react: no crytoban for Russian users
Meanwhile, the largest exchanges are responding to Fedorov’s request. The response is not as he had no doubt hoped. The largest stock exchanges let it be known that they will not take any additional measures outside of any legally required steps. This is partly because that could be seen as party-pulling. On the other hand, one of the foundations of the crypto market is that the market is averse to politics and central government.
Among others, the directors of Kraken (Jesse Powell) and Binance let it be known that they obviously follow orders to deny the use of people and institutions on blacklists, but that they do not bar innocent users purely on the basis of their nationality.
Shiba Tron Token (SHIBT) a scam? Alert!
This weekend, the Shiba Tron Token (SHIBT) was launched. This new crypto currency suddenly had many users and its price skyrocketed. Also, the coin, which was launched on the Binance blockchain, announced that price tracking of the coin is available on Binance and Coinbase and thus the coin apparently built trust. The price shot up more than 16,000% and the trading volume also increased rapidly.
Meanwhile, it turns out that investing is a lot easier than paying out. PeckShield discovered that this is a so-called ‘honeypot’ scam. This means that anyone can invest, but that the withdrawal of returns is only reserved for addresses/users who have been approved (whitelisted) in advance. These are often the initiators and financiers, but not the investors who confidently step in. Whether there really is a scam and whether there is damage, the future will tell, but a forewarned man counts for two, so here.
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#SCAM PeckShield has detected that @ShibaTronToken€SHIBT (https://t.co/PXu2lansGB) is #honeypot! Only whitelisted users can sell. Stay away from tokens that have a lot of restrictions on transferring or selling! pic.twitter.com/sRN3sXiz8x
– PeckShieldAlert (@PeckShieldAlert) February 28, 2022
Investing but not in crypto?
Of course, the tensions surrounding Ukraine have an impact not only on the price of Bitcoin and crypto, but also on other investments. Are you curious about what to expect in the coming week for the price of stocks, gold, oil, FOREX and other common investments? We look ahead in our weekly price forecast on MANNERS.co.uk.
Want to stay informed about the latest 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.”
