It’s lunchtime again, so we take a look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at how Ethereum (ETH) founder Vitalik Buterin is running on empty and voicing his concerns in an interview. We also dwell on a new battle for Ripple (XRP) in the proceedings with the SEC. Finally, we take a look at a new crypto token that is immediately rising in value.
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 flat
At the time of writing, the live Bitcoin price is quoting EUR 36,428.77 ($40,359.58). This is 0.78% lower than yesterday at lunchtime and also lower than during our crypto lunch on Wednesday.
The prices of the other crypto in the top 25 also remain fairly flat. We do see a slight negative trend in this regard. Terra (LUNA) is the negative outlier with -6.29%. Lido Staked Ether (STETH), with + 1.48%, is the crypto that is now recording the most profits. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day, including the whole weekend.
Ethereum (EHT) top executive Vitalik Buterin deflates: concerns about crypto
Ethereum founder Vitalik Buterin gave an in-depth interview (lasting over 80 minutes) to Time Magazine. In it, he deflated about the crypto market. He worries about crypto on a macro level. He worries that the penchant for “fun applications” such as NFTs and gambling opportunities is stifling innovation as the many transactions drive up transaction fees to prohibitive levels.
In addition, he foresees problems due to increasing regulatory burdens and environmental concerns. If you want to know more about the souls of the crypto founder you can read the entire interview with lots of background info on Buterin here.
Does Ripple (XRP) strike another blow against SEC? Price breakout imminent?
In US court, Ripple (XRP) and SEC are still crossing swords over whether Ripple (XRP) should be considered security. An extensive document is surfacing in the battle. This legal opinion from law firm Perkins Coie to the SEC runs to 49 pages. A striking statement reads that a crypto token by itself can never be a security.
Based on this, several SEC people, including Williams Hinman and then-SEC Chairman Jay Clayton have taken the position that Ripple (XRP) is not a security. Of course, one wonders how the judge will weigh these documents, although there is also a chance that a settlement will follow.
At the moment, investors do not seem to be reacting to this positive news. The live Ripple (XRP) price is at $0.779 1.09% lower than yesterday. Yet this seems to be silence before a bullish storm. Indeed, the organization behind the coin announced a fund of one billion XRP to encourage developers to develop more. Technical indicators also suggest that the price could be on its way to $1 and this would represent a hefty return.
NFT developer Bored Apes Yacht Club launches own crypto token with Ape Coin
Bored Ape Yacht Club doesn’t need to be explained anymore for fans of NFT. These developers are perhaps the most popular developers when it comes to digital art. Now they are coming out with their own crypto currency, the ApeeCoin (APE).
The coin was distributed via an Airdrop and immediately after the launch the price shot up to above $40. After this, the coin quickly dropped back to $ 8.50. Of course we will continue to follow the developments.
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.”