Crypto lunch BTC price rises crypto too bull and bear

Crypto lunch: price BTC flat, crypto declines. Whales, ETH and NFT update

By now it’s lunchtime again, so we take a look at the live Bitcoin price and the prices of the top 255 crypto. Then we look at special developments in Russia, around Ethereum (ETH), whales and a special NFT story.

Given the situation in Russia, it remains too uncertain to make a price forecast for a week. Therefore, we are offering our crypto and Bitcoin updates 2x a day this week as well (around lunchtime and after the close of the US market).

Live Bitcoin price flat, prices top 25 crypto drop mainly

At the time of writing, the live Bitcoin price is quoting EUR 34,750.43 ($38,265.50). This is 0.03% higher than yesterday around the same time, but lower than during our crypto lunch on Friday.

Despite this, Bitcoin managed to record a weekly result of + 1.30%, while the 30-day result is -8.11%.

Among the top 25 crypto, we see mostly declining prices. There are, however, some crypto coins with positive results. The highest gain of the day is currently for Ripple (XRP) at 1.70%. The biggest loss of the day is currently for Near (NEAR), which is losing 4.33%.

In the past week, we saw both substantial gains and hefty losses. The best weekly result was for Near (NEAR), which posted +16.69%. The heaviest loss of the week was for Polkadot (DOT), losing 6.30%. Over the last 30 days, the results are even further apart. The biggest winner from the crypto top 25 is Terra (LUNA) with + 50.22%, while the biggest loss was for Cardano (ADA). This crypto lost a whopping 28.09%. On the site of Tradeincrypto.com you can analyze all results and all live crypto prices 24 hours a day.

Is Russia going into crypto after all? Coinbase blocks…

Last week we saw how crypto trading volume from Russia dropped rapidly. With that, some experts concluded that Russia would not use crypto to circumvent sanctions after all. However, that conclusion appears to be premature.

In fact, it now appears that the Russians are indeed converting assets into crypto, but that they are hiding the assets in countries where there is little or no crypto-regulation and also lack enforcement of sanctions.

In America, of course, crypto exchanges and enforcement of sanctions are strictly monitored. Based on sanctions lists and its own investigations into illegal activities, crypto exchange Coinbase says it has now blocked more than 25,000 addresses of Russian crypto holders.

Ethereum (ETH) transaction costs fall, crypto bull or bear?

One of the criticisms of crypto Ethereum (ETH) is the level of transaction costs. Developers are taking action against this. Meanwhile, the so-called gas fees are dropping sharply. On the layer 2 blockchain, it is even possible to do large transactions for $0.10 in transaction fees. This leads to optimism among some experts. They expect the currency to quote $2,800 by the end of the month due to these measures. The current live Ethereum (ETH) price is $2,540.94 at a loss of 2.71% from yesterday.

With that, this coin seems like a good investment at the moment. Nevertheless, crypto investors should remain alert. Based on other analyses, as you can see below, they should expect a hefty price drop.

We therefore see Ethereum whales spreading their risks.

Whales continue to invest, these are their favorite crypto tokens

Indeed, we see Ethereum (ETH) whales spreading their risk by investing in other tokens. For example, we see that they are massively investing in FTX Token (FTT), but we also see that they are trying to take advantage of Cardano (ADA) price drops. Finally, we see whales buying up stable coins en masse. Based on this increased purchasing power, it is expected that whales will anticipate a recovery in the prices of crypto and especially Bitcoin. Due to the increased stock of stable coins, they expect to strike cheaply as soon as there is a prospect of a price rise for the largest crypto currency.

12-year-old suddenly rich through NFT art

12-year-old Benyamin Ahmed learned to write computer codes when he was 5, but is currently captivated by the NFT market. He created his own NFTs, a series of digital artworks of whales (not entirely coincidentally called whales in English). These have been a resounding success. He has already sold for GBP 750,000 (± $988,000) and more than GBP 3 million (± $3.9 million) has been traded.

Since he does not yet have a bank account, he parked the profits in Ethereum (ETH). Although the crypto currency is losing value, he expects to invest in the future of crypto with this and thus be able to make a hefty return. You can read his whole story here.

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.nl. In addition, we draw your attention to a free online seminar where you can learn more about investing in turbulent times like these.

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.”