Visa Cryptocurrency

Bitcoin quietly going about its business as the world returns to normal chaos

price of Bitcoin
Written by publishing team

Friday January 14, 2022 at 11:28 am

week in review

with Jason Dean

We are out!

The holiday period is clearly already a distant memory as events around the world return to their usual pace.

Amid the controversy over tennis player visas, COVID restriction unrest and alleged parties in Downing Street, Bitcoin continues to quietly make progress on worldwide adoption.

Lord Tonga Fusitwa confirmed this week that his country will do so definitely Bitcoin will be installed as legal tender by the end of this year using the legal model in El Salvador. Other countries are continuing to explore the possibility of doing so.

Well, except of course Pakistan which is still bent on banning it, even as their neighbor, India, looks to launch a Bitcoin ETF. In the US, the SEC is still stalling in approving one of those Gensler seems intent on making sure that never happens.

This is a strange move in my opinion. The United States had a competitive advantage through requests from powerful organizations early on, but it has gradually given up by omitting measures to allow the rest of the world to take the lead. Having said that, the noise from institutions, some senators, and some regulators is clearly on the rise, and it certainly could only be a matter of time before the SEC’s hand is enforced.

Meanwhile, Strike was launched in Argentina, allowing instant payments via Bitcoin bars, and the cryptocurrency industry in Turkey continues to thrive as the lira collapses, despite the questionable legal position of its use in the country. But at the end of the day, if you don’t want your employees to use cryptocurrency, you better make sure you have a solid alternative for them not to.

However, governments are not traditionally good at it.

While we’re talking about inflation, inflation in the US has reached a 40-year high at 7 percent, although we know the base rate is definitely higher. In a sign of how weird the markets are at the moment, this was generally seen as positive, apparently based on the view that “it wasn’t eight per cent.” Fabulous.

Finally, if you are lucky this weekend, why not play the lottery? Since two Bitcoin miners went undetected this week when they mined a block while working alone, the lightning strike could be. And in case you were wondering, the odds of doing so are about 1 in 1.4 million.

Keep in mind that the odds of winning the National Lottery are 1 in 45,057.474, so on second thought, this probably isn’t ideal financial advice.

Maybe stack some sats instead?

I wish you a nice week-end!

Would you like to help spread Bitcoin adoption and education in the UK and even pile some Sats while you do so? Well now you can!

the Bitcoin Pioneers The community, powered by Barry Silbert’s cryptocurrency group, was set up to provide Bitcoin to the mainstream in a meaningful way and now has members across the UK.

We share tips, stories, and ideas on how to encourage others to try Bitcoin for the first time. And thanks to Luno’s support, every Pioneer gets £500 worth of Bitcoin per month to share with beginners, helping them get started.

So, if you are passionate about Bitcoin, why not join today? click here to know more!

We welcome all comments on Crypto AM Daily in association with Luno via email to James.Bowater@cityam.com 🙏🏻

Yesterday Crypto AM Daily in association with Luno

Bitcoin price

in the markets

Bitcoin Economy

* Definitions and ideas can be found at https://bytetree.com/insights/

Total cryptocurrency market cap

Currently, the total value of the entire cryptocurrency market at the time of writing is $2,049,606,853,573 Down from $2,073,793,543,128 yesterday.

What did bitcoin do yesterday?

We closed yesterday, January 13, 2022 at 42591.57 USD, down from $43,949.10 the day before. Yesterday’s daily high was $44278.42 and the daily low was $42447.04.

This time last year, the bitcoin price closed today at $39187.33. In 2020, it closed at $8,827.76.

Bitcoin market value

The market value of Bitcoin at the time of writing is 810.95 billion dollars. To put it in context, the market capitalization of gold is $11.606 trillion and Tesla’s is $1.035 trillion.

bitcoin volume

The total spot trading volume reported by all exchanges over the past 24 hours was $42,613,734,148 Down from $55,599,400,316 yesterday. Large volumes can indicate that a large price movement has stronger support and is likely to continue.

volatility

The volatility of the bitcoin price over the past 30 days is 43.4%.

Fear and Greed Index

Market sentiment today 21In intense fear.

Bitcoin dominance in the market

Bitcoin’s dominance in the market today is 39.67. Its lowest ever recorded dominance was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

RSI daily RSI currently 35.69. Values ​​of 70 or higher indicate that an asset is overbought and may qualify for a trend reversal or face a price correction – an RSI reading of 30 or lower indicates an oversold or undervalued condition.

Persuading Your Nan: Today’s Bite

“While I appreciate people tweeting the price of Bitcoin every 9 seconds, I have decided to hold my BTC for the next 100 years.”

Peter H Diamandis, Greek-American engineer, physician, and entrepreneur best known for being the founder and Chairman of the Board of Directors of the X Prize Foundation

What they said yesterday

That’s what Jack was going to do…

popularity…

Hello, India…

Crypto AM: Editor’s Picks

Crazy crypto couple baby name after favorite digital asset

Crypto-loving parents of Bruno Carnot and his wife Agatha named their first-born Cardano in honor of their favorite cryptocurrency.

Bitcoin hash rate reaches an all-time high

Bitcoin Mining Company - Cryptocurrency Illustrations

Peter McCormack: Turning Bedford FC into a Global Bitcoin Brand

In an interview with Crypto AM, Bitcoin investor and podcaster Peter McCormack has opened up about his purchase of Bedford FC.

Exclusive: FTSE Plans to Develop a Digital Asset Index in Cryptocurrency Payment

FTSE continues to decline amid growing fears of recession
(Photo by Lionel Healing/Getty Images)

Hammond says cryptocurrency could give London a unique advantage after Brexit

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https://www.cityam.com/crypto-could-give-london-a-unique-post-brexit-advantage-says-hammond/

Diamond Claws: Cryptocurrency-trading Hamster Dies After Notable Investing Career

The first hamster to become a cryptocurrency investing expert, Mr. Goxx, has died of unknown causes.

New Cryptocurrency Called ‘JRR Token’ Banned By Lawyers For Lord Of The Rings Creator Tolkien

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El Salvador is building a Bitcoin city at the base of a volcano

Bitcoin City

Crypto AM: Features

Crypto AM: Founders Series

https://www.cityam.com/profile/crypto-am-founders-series/

Crypto AM: Industry Voices

Changpeng 'CZ' Zhao, CEO of Binance

Crypto AM: Contributors

Crypto AM: In conversation with James Potter

Landscapes of Charles Hoskinson and James Potter

Crypto AM: Money for Tomorrow with Gavin S Brown

Tomorrow's Money with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr. Chris Kutcher

Dr. Chris Kutcher mixes up in Metaverse

Crypto AM: Visions of the Future, Past and Present with Alex Lightman

Alex Lightman Visions of the Future, Past and Present

Crypto AM: tiptoe through crypto with Monty Munford

Monty Monford stole a header

Crypto AM: Taking a Byte of Digital Assets with Johnny Fry

Johnny Fry taking a byte of digital assets

On-platform encryption

Stefania Barbaglio Krypto on the podium

Crypto AM: Events

For those of you who missed the Crypto AM DeFi & Digital Inclusion Online Summit 2021 – you can now watch the event in two parts via YouTube

part One

https://www.youtube.com/watch?v=dvqNMNZTIDE

part two

https://www.youtube.com/watch?v=WXhX_-Tr5j0

Warning notes

It’s certainly tempting to indulge in excitement, but please heed these words of caution: Do your own research, invest only what you can afford, and make good decisions. It is hoped that the indicators presented in this article will help in this matter. Remember though, The content of this article is for informational purposes only and is not investment advice or any form of recommendation or solicitation. City AM, Crypto AM and Luno always advise you to get your own independent financial advice before investing or trading in cryptocurrencies.

All information is correct as of 08:00 GMT

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