By now it’s lunchtime again, so we take a look at the live Bitcoin price and the prices of the top 25 crypto. In addition, we analyze the crypto results of week 11 and bring updates on Ethereum (ETH), Shiba Inu (SHIB) and NFTs.
Due to the situation in Russia, we do not bring a crypto price forecast for the week as the market is too volatile. However, today we review last week’s crypto results and bring 2x daily (around lunch time and after the US markets close) our crypto and Bitcoin updates.
We begin, of course, with the live Bitcoin and crypto prices.
Bitcoin price flat in positive crypto market
At the time of writing, the live Bitcoin price is quoting EUR 37,394.77 ($41,74.38). This is 0.89% lower than yesterday at lunchtime, but higher than during our crypto lunch on Friday afternoon.
The prices of the other crypto coins in the crypto top 25 are mostly positive. Biggest exception is Cronos (CRO), which is losing 1.36%. The biggest gain of the past 24 hours is currently for Avalanche (AVAX) with + 5.06%.
Good weekly returns for Bitcoin and crypto
Last week was positive for Bitcoin and the top 25 crypto. Bitcoin quoted +9.03% over the past 7 days. Apart from the stable coins, there were no negative results. The biggest gain of the week was for Avalanche (AVAX) with + 32.57%.
Of course, this also has an impact on the monthly results. Despite the positivity, we still see negative returns there. Over the past 30 days, Shiba Inu (SHIB) lost the most with 18.03%. The biggest gain over that period was for Terra (LUNA) at +89.05%. Bitcoin’s result (+2.99%) compares somewhat sharply with this.
Of course, you can analyze all results and all live crypto prices on the Tradeincrypto.com site 24 hours a day.
Ethereum (ETH) burns, price rise imminent?
To prepare for the change in blockchain validation (from proof of work to proof of stake), the organization behind Ethereum (ETH) wants to shift power from miners to validators. It is doing this by burning ETH and it is doing so at a breakneck pace. By now, $5.7 million worth of ETH has already been burned. This is increasing by $6 million a day.
This scarcity naturally leads to movement of the price. Insiders therefore expect a bullish breakout as Ethereum (ETH) is massively moved from exchange wallets to external wallets.
Twitter won’t load because you didn’t give permission.
Largest Outflows in 2022 – over 180k $ETH was withdrawn from centralized exchanges within a single day
-Last time such a magnitude of ETH left exchanges was in Oct 2021, preceding a 15% price increase within ten days
-190k ETH was also deposited into Lido’s stETH liquid strike pic.twitter.com/wayu2nvRlR
– IntoTheBlock (@intotheblock) March 18, 2022
Insiders expect the price to grow heftily. They are waiting for a breakout from the consolidation phase above $2,900. If the price remains stable above this level, a further breakout towards $4,000 is in sight. Currently, the live Ethereum (ETH) price is $2,913.14 and that is about the same (+0.09%) as yesterday.
Shiba Inu (SHIB) is also gearing up for bullish recovery
We saw above that Shiba Inu’s (SHIB) performance over the past month left much to be desired for investors. This seems to be changing. The analysis below shows that a price increase of up to 40% is possible. Unfortunately, this requires a further decline towards $ 0.0000202 to generate enough liquidity.
The current price of Shiba Inu (SHIB) is slightly higher at $0.00002321, although this is 1.06% lower than yesterday at this time.
NFT fraud in UK rises alarmingly, we too must watch out
Digital art registered in Non-fungible tokens (NFTs) are immensely popular. Unfortunately, besides enthusiastic investors, this also attracts more and more members of the thieves’ guild. They are increasingly making their move. Research shows that NFT fraud among UK investors will increase by 400% by 2021.
Although we don’t have any current figures, we know that the NFT market is a global market just like other facets of crypto, so it would be naive to think that Dutch NFT investors are not exposed to a higher risk. Of course, you can also apply these 5 tips against crypto fraud to recognize NFT fraud.
There is plenty to follow and we will continue to report, for the first time tonight again with our Bitcoin update after the US markets close.
Investing, but not in crypto?
If you have other investments besides crypto or perhaps invest but not (yet) in crypto, it is of course important to do research on the prices of investments. Our weekly price overview on sister site MANNERS.co.uk might help you with that.
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.”