In this crypto update, we naturally share the live Bitcoin price and the prices of the top 25 crypto. Then we look at bullish updates for Ethereum (ETH) and Dogecoin (DOGE). Finally, we share stock market updates, including on Binance.
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 drop
We see that at the time of writing the live Bitcoin price is quoting EUR 41,607.06 ($45,995.01). This is 1.01% lower than during our crypto update last night.
The prices of most coins in the crypto top 25 are also falling. The biggest loss is currently for Near Protocol (NEAR) at -4.37%. There are also some crypto coins that are recording gains over the past 24 hours. Dogecoin (DOGE) is performing the best at +12.26%, but more on that later. On the Tradeincrypto.com site you can analyze all live crypto prices and returns 24 hours a day.
Crypto analyst hugely bullish on Ethereum (ETH)
One of the biggest events in crypto for this year is the introduction of Ethereum 2.0, with the second largest crypto currency switching from validation system PoW to PoS, making the market bullish.
Former CEO of BitMEX Arthur Heyes discusses the future of Ethereum (ETH) and the opportunities presented by Ethereum 2.0 in an extensive blog. In a number of calculation examples, he shows how investing in Ethereum actually cannot go wrong. In fact, even before the end of this year, he expects Ethereum (ETH) to reach a price of EUR 10,000 or more. That would be an extraordinary return, as the live Ethereum (ETH) price is $3,444.50 (and $1.60 lower than yesterday).
Crypto influencer Elon Musk takes Dogecoin (DOGE) back in tow
Elon Musk announced Monday that he has taken a stake in Twitter. This gives the blue bird a second crypto fanatic on board alongside Jack Dorsey. Whereas Dorsey is a proponent of Bitcoin, Musk swears by Dogecoin. This led to an interesting debate between the gentlemen last year.
Musk’s entry as a major shareholder made the community particularly enthusiastic. As a result, Dogecoin (DOGE) is rising rapidly. So fast, that even the technical analysis is being changed. Earlier we saw an analysis where the price was seen as stable.
Meanwhile, the interest of the community appears to be such that investors are speculating much further. For example, the price rise has caused the so-called falling wedge pattern to be broken. Based on historical analyses, analysts expect the price to rise back to the upper starting point of the falling wedge. In the case of Dogecoin, this would mean a price gain of 150%.
To do so, however, the currency will first need to break through the 20-week and 50-week exponential moving averages (at $0.15 and $0.17, respectively).
CEO crypto exchange gives away assets and Binance’s CZ in the Times
Often the CEOs of crypto exchanges are seen as money wolves. One of the richest people in the world, Sam Bankman-Fried, is trying to change this image. In a major interview in Blooberg, the philanthropist talked about his view of money. Among other things, this comes down to the CEO keeping “only” 1% of his earnings per year and donating the rest to charity. That’s a nice gesture, of course, but pity is not required. After all, that one percent is still about $100,000.00 in cash terms.
The top executive of another crypto exchange, Binance’s CZ, also gave an interview. He appeared with a charm offensive in Fortune Magazine. The magazine is quite critical of crypto and certainly in that context the interview was a praise. This was also necessary, as he was under heavy fire from various regulatory authorities last year and Binance was even declared illegal in the Netherlands. So if you’re in the mood for some feel-good stories and lots of big numbers to explain CZ’s success, you’re in for a treat.
We prefer to follow substantive crypton news. During our cryptolunch tomorrow we’ll let you know what we found.
Want to stay up to date with 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.”
