Bitcoin’s price is currently at $21,613.60, a drop of 0.98% compared to 24 hours ago. According to [1], the market capitalization of Bitcoin is $416,992,420,309.01 and the change in price over the past year is 31.03%.
The all-time high of the cryptocurrency was recorded in December 2017 when it hit $20,089.00. Since then, the currency has seen significant volatility and has dropped as low as $3,194.00 on December 15th, 2018.
The highest price paid for a single bitcoin was achieved in February 2021 when it reached $58,354.36 [2]. According to [3], the 52-week range for Bitcoin is $15,508 – $48,174, the five-day return is -5.53%, the one-month return is 2.47%, and the year-to-date return is 30.62%.
References:
[1] Bitcoin Price | BTC Price Index and Live Chart – CoinDesk [2] Bitcoin USD (BTC-USD) Historical Prices) – Yahoo Finance [3] BTCUSD | Bitcoin USD Overview – MarketWatch
WTI Oil down 0.68% at 79.23 USD per Barrel
Oil prices down 0.68% on Monday, with early losses as investors weighed Russia’s plans to cut crude production and short-term demand concerns ahead of U.S. inflation data this week [1]. The fundamental backdrop for oil is still very strong, said Phil Flynn, analyst at Price Futures Group, and with China reopening, we will see more demand and Russia and OPEC having the same or less supply, which is bullish [1].
Additionally, supply concerns were relieved somewhat as a cargo of Azeri crude set sail from Turkey’s Ceyhan port on Monday, the first since a devastating earthquake in the region on Feb. 6 [1]. Ceyhan is the storage and loading point for pipelines that carry oil from Azerbaijan and Iraq. U.S. shale crude oil production in the seven biggest shale basins is expected to rise to its highest on record in March, the Energy Information Administration said on Monday [2].
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The rally in oil is supported by Russia’s plans to cut crude production, though the moves have been partially offset by worries about weakening demand, particularly in the U.S. [3].
References:
[1] Oil edges higher as market weighs Russian supply cuts amid … [2] Oil edges higher as market weighs Russian supply … – CNBC [3] Oil edges higher as market weighs … – The Globe and MailEthereum price today down 1.09 % at 1,486.88 USD
Ethereum’s price today is $1,486.88 USD, a change of -1.09% over the past 24 hours as of 4:00 p.m. [1] The recent price action in Ethereum left the tokens market impacted, and the total number of ETH coins in circulation is 115,120,871 [3]. Ethereum is classified as a Smart Contract Platform under CoinDesk’s Digital Asset Classification Standard (DACS), and the market capitalization is at $177,541,144,717.05 [1]. Ether is the token used on the Ethereum network, and issuance is affected by a difficulty bomb and block rewards that have been reduced twice [1].
Ethereum’s 24-hour trading volume is $4.84 B [2], and it is currently -8.43% from its 7-day high [2]. Ethereum is a decentralized blockchain network that provides global smart-contract functionality and decentralized application (dApp) integration [3]. Ethereum is known for its native token Ether and is the second-largest cryptocurrency by market capitalization [3].
Ethereum’s open-source distributed computing platform permits active participants to establish digital ledgers publicly ensuring security, decentralization, and community-driven trust [3]. Some of the major use-cases of Ethereum so far have been: Decentralized Finance (DeFi), Governance, Crypto-collectibles (NFTs), Stablecoins, and Asset management [3]. Ethereum also serves a major role in other areas of decentralized finance (DeFi) [3].
References:
[1] Ethereum Price | ETH Price Index and Live Chart [2] Ethereum Price | ETH Price, News, USD converter, Charts [3] ($1,484.31) Ethereum Price – ETH Price Index & Real-time …
How to buy bitcoin?
- Select Bitcoin Wallet
First, you will need to set up a bitcoin wallet. This is where your bitcoins will be stored and from where you can send and receive them. There are several types of wallets available, including online wallets, hardware wallets, and paper wallets. Each one has its own advantages and disadvantages, so it is important to choose the right one for your needs.
- Find a Reliable Crypto Exchange
Once you have chosen and set up your wallet, you will need to find a reliable exchange to purchase your bitcoins. Most exchanges will offer multiple payment methods such as bank transfers, debit/credit cards, or even PayPal. Once you have made your purchase, the bitcoins will be transferred to your wallet.
- Or… peer-to-peer (P2P) networks
It is also possible to buy bitcoins through peer-to-peer (P2P) networks. This involves finding someone willing to sell you bitcoins directly, often using an intermediary service to ensure the transaction is secure.
- Or… Find physical stores or ATMs
Finally, you may also be able to buy bitcoins at physical stores or ATMs. Several companies now provide machines that allow users to purchase bitcoins with cash.
No matter which method you choose, it is important to remember that investing in cryptocurrencies carries risks, so make sure to do your research before taking the plunge.
FAQs about Bitcoin price
The price of Bitcoin is affected by a variety of factors, including market demand and supply, news and rumors, regulatory developments, overall market sentiment, and technical factors such as mining difficulty. As with any asset, its price is also affected by external economic factors such as inflation, interest rates, and currency exchange rates.
The price of Bitcoin can fluctuate drastically on a daily basis. It is not uncommon for the price to move up or down by 10% or more in a single day. This can make it difficult to predict the exact price of Bitcoin at any given time.
It is not possible to accurately predict the future price of Bitcoin with any degree of certainty. Even experienced traders and analysts are unable to consistently predict the direction of the price. The best way to stay informed about the latest developments in the Bitcoin market is to follow reliable sources of news and analysis.
The most reliable source of information about the Bitcoin price is official exchanges such as Coinbase and Binance. These exchanges provide real-time data on the current price of Bitcoin, as well as historical data which can be used to analyze trends. Additionally, there are many websites and forums dedicated to providing up-to-date analysis and commentary on the Bitcoin market.
