By now it’s lunchtime again, so time to check out the live Bitcoin price and the prices of the top 25 crypto. Next, check out an update on Shiba Inu (SHIB), notable rumors about Microsoft, and updates on Ethereum (ETH) and Ripple (XRP).
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price drops, prices most top 25 crypto also negative
At the time of writing, the live Bitcoin price is EUR 38,065.42 ($43,360). This is 3.60%% lower than yesterday around this time.
The prices of most of the top 25 crypto are also negative. Crypto.comCoin (CRO) remains the biggest exception with + 6.67% in 24 hours. The biggest loser is Ripple (XRP), which is losing 8.55%. On the Tradeincrypto.com website you can analyze all live crypto prices 24 hours a day, including the whole weekend.
Crypto searching after turbulent day
We saw yesterday that the live Bitcoin price dived after the announcement of rising interest rates. This can be explained, but the decline in Bitcoin options went more disappointing than expected. So the market remains cautious and waiting for new bullish signals. A confirmation that Microsoft is getting into crypto could be such a bullish signal and there seems to be cause for it.
Is Microsoft stepping into crypto?
This morning, Microsoft’s official account published this striking Tweet.
Twitter won’t load because you didn’t give permission.
There are two types of dogs on Teams meetings.
– Microsoft (@Microsoft) February 10, 2022
This was immediately picked up by the crypto community. It is believed that there are preparations for a collaboration between Shiba Inu (SHIB) and Microsoft. The reason for this is due to the fact that Microsoft recently bought game-maker Activision Blizard for a whopping $68.7 billion. Just before the acquisition, the technical vice president of this company switched to Shiba Inu to lead the development of games in which you earn NFT by playing.
In addition, the creators of Shiba Inu (SHIB) hinted at a bullish development earlier. No confirmation has come from either organization (yet), but the rumors sound logical.
Shiba Inu (SHIB) share price drops, but how long will it last?
In addition to the rumors of the partnership with Microsoft, there is more news. In fact, the organization behind the currency is busy increasing scarcity by burning a lot of coins. The company announced to withdraw another 1 billion SHIB from the market next week.
Despite these bullish reports, the stock price is falling. However, this seems to be a temporary development, as according to the video analysis below, the currency is on its way to $0.00005.
With the current price of Shiba Inu (SHIB) standing at $0.00003092, losing 6.90% from yesterday, this may offer opportunities.
Good news, but falling price for Ripple (XRP). Cause for concern?
The case between the SEC and Ripple (XRP) is getting more and more tense. Meanwhile, the company has requested certain notes from a meeting between Ripple CEO Brad Garlinghouse and former SEC Commissioner Elad Roisman. In this conversation, the SEC commissioner reportedly confirmed that Ripple (XRP) is not a security.
The SEC is resisting disclosure and thus the judge must rule on the request. All in all, more and more specialists are convinced that the SEC is not in a strong position. Indeed, in the meantime other lawyers are already starting lawsuits against the SEC on behalf of duped Ripple (XRP) investors.
Despite this good news, the current Ripple (XRP) price at $0.813 is posting a solid loss of 7.94% in one day. However, as we see in the analysis below, this seems like a normal correction to a rapid rise. Based on this analysis, as long as Bitcoin remains bullish, there is room for Ripple (XRP) to advance to $1.
For another major crypto currency, the outlook is less rosy.
Crypto crash for Ethereum (ETH) in the making?
Ethereum (ETH) also rose rapidly in the past week. However, it bumped up against resistance at $3,300, after which a hefty price drop followed. This is now continuing to the point where the currency may fall below $3,000. The live Ethereum (ETH) price is still only slightly above this at $3,085.12 (and a loss of 5.14% in 24 hours).
Nevertheless, it is crucial for the price in the short term to keep it above $3,000. Indeed, based on the analysis below, we can expect a deep decline if price shoots below it.
So it will be another exciting weekend for crypto owners. In addition, tomorrow we will bring a special about developments in cryptocurrency. We found out where the confiscated money from the Bitfinex hack is going to and we see how the BBC almost fell for a crypto-scam. So there is plenty to follow.
Staying up to date on 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.”