Cryptocurrency: Bitcoin, Ether Gain, Solana, Avalanche Surge Over 8%

Cryptocurrency: Bitcoin, Ether Gain, Solana, Avalanche Surge Over 8%

After a strong sell-off in the past few days, the cryptocurrency market has found some buyers near important support levels.

However, traders are still catching up with the crisis in Russia and Ukraine.

The most popular cryptocurrency in the world has risen more than 4% to $ 43,568.39, according to coinmarketcap.com Bitcoin has dropped around 6% in 2022 (YTD) so far.

Bitcoin is down about 35% from its peak of nearly $ 69,000 in November last year as risk aversion grows with the Federal Reserve and other global central banks starting to tighten financial conditions and remove liquidity from the system. of the pandemic era.

On the other hand, Ether, the Ethereum blockchain-anchored coin and the second-largest cryptocurrency in terms of market capitalization, also dropped 5.57% to $ 3,015.28. Likewise, Binance Coin fell 2% to $ 413.

Edul Patel, CEO, and co-founder of Mudrex said: “The recent volatility may be due to a larger sell-off in the market. Fear of an aggressive Federal Reserve is why the market juggles highs and lows.

On the other hand, tensions in Ukraine could also cause general market movements in the coming weeks.”

The hackers stole $ 21 million in Bitcoin and $ 15 million in Ethereum through a retirement account with the IRA Financial Trust on February 8, according to a Bloomberg report based on an unnamed source.

FinTech launches Gemini, which operates individual pension accounts and non-traditional assets, awaits charges of massive hacking for almost a week.

The IRA, or Individual Retirement Account, is a valuable insurance car for American workers, who can withdraw their contributions and earnings.

For example, if you earn $ 60,000 but put $ 5,000 into an IRA, you are only taxed $ 55,000; you only pay taxes when you withdraw money.

IRAs allow you to invest in stocks, bonds, and group currencies, but not in cryptocurrencies. However, self-regulated IRAs, such as the Financial Trust Fund, do.

Kate Rouch, Chief Marketing Officer of Coinbase, revealed in a recent blog post that more than 20 million people tried to access Coinbase per minute during the big dinner following the announcement.

This is more than six times higher than any Coinbase fee originally set.

Cryptocurrency: Bitcoin, Ether Gain, Solana, Avalanche Surge Over 8%

Cryptocurrency: Bitcoin, Ether Gain, Solana, Avalanche Surge Over 8%

Apparently, cryptocurrency exchanges chose to use a second window to display QR codes, which gradually falls into the black background, as an old DVD player memory.

Check out the QR code brought to you by the Coinbase site, where new users can get $ 15 in Bitcoin for free, where existing users can sign up for a $ 3 million raffle.

Here are the top 10 cryptocurrencies and their prices on February 11, 2022 (data from coinmarketcap.com at the time of publishing this article)

Bitcoin $43,568.39 or 4.07 percent gain in the last 24 hours

Ethereum $3,015.28 or 5.53 percent gain in the last 24 hours

Cardano $1.07 or 4.47 percent gain in the last 24 hours

Tether $1.00 or 0.00 percent gain in the last 24 hours

Terra $54.96 or 4.35 percent gain in the last 24 hours

XRP $0.8214 or 4.22 percent gain in the last 24 hours

Solana $100.63 or 8.17 percent gain in the last 24 hours

Avalanche $84.21 or 8.37 percent gain in the last 24 hours

Binance $1.00 or 0.04 percent gain in the last 24 hours


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