Have you ever tried your luck on Crypto trading? If not yet, then 2022 can be the right time to get started. Cryptocurrencies are the digital currencies that have won the hearts of millions with their unique transactional methods. Its functions and purposes are similar to that of fiat currency trade markets like the stocks market. But its services are a bit different from other trade markets, which you will learn upon gaining some good knowledge on the field and experience would also do its job well.
Note: For other details click at the image link.
Out of so many cryptocurrencies available in the trade market, Bitcoins stand at the top. Bitcoins have gained such fame among the masses as it was the first ever Cryptocurrency to come to the market in 2009. Nakamoto is thus, considered to be the godfather of the crypto realm. However, there are many controversies that surround investment related to Bitcoins and other forms of cryptocurrencies.
Bitcoin News: The Latest on The Currency Everyone’s Talking About
If you want to know more about Bitcoins, let’s get your brain filled with exciting facts and the latest news on Bitcoin events. Check out below to have an overall better understanding!
- FCA Cautions:
The FCA cautions are the first and foremost worrisome matter for all crypto enthusiasts. Yes, you got it right. FCA has been giving out random alerts and warnings to all the crypto investors and traders for a long time. They have been saying that Cryptocurrencies like Bitcoins would not last long and are the most unsafe zones for investments.
These comments from various FCA sources made all the Cryptocurrency investors insecure, and the darkness of insecurities took over the Bitcoin exchanges in no time. Such techniques of virtual manipulation are one of the main reasons behind the downfall of cryptocurrencies in the trade market.
Such rumors and unimportant comments from various sources take advantage of the fact that the Bitcoin trade market is susceptible to rumors and media news.
- Contribution of TESLA:
It is not that only negative news and rumors affect the Cryptocurrency trade market. Cryptocurrency values in the market cap skyrockets to a great extent, even for good news and positivity in favor of cryptocurrencies like Bitcoin.
Tesla’s product architect and CEO, Elon Musk, twitted over the social media platform regarding Bitcoin, which helped increase the price of Bitcoins by 11% in one day.
Eventually, he also announced the purchase of a $1.5 billion investment in Bitcoins which also contributed hugely to a price kick-up to Bitcoins. Such affirmative news on the social media platforms helped in raising the price of Bitcoins to $48000 in no time.
- Coinbase listing:
Yet another essential fact that helped in increasing the use cases and market value of Bitcoin is none other than the listing of Coinbase in the USA. One of the most important cryptocurrencies to win the hearts of millions in the USA was Coinbase.
Bitcoins reached a market cap value of $63000 just one day before the announcement of Coinbase listing in the USA. The listing announcement further gave its price a boom in the trade market, which is when its value reached its maximum price value of $69000 in 2008. Thus, it is also a significant factor that led to the sudden increment and fame of cryptocurrencies like Bitcoin and Ethereum in the trade market.
- China’s ban:
China was one of the strongest points which stood in favor of cryptocurrencies’ rise in the market cap value. However, China suddenly implied a ban on bitcoin mining in the year 2021, May, for various prevailing reasons. It is, thus, one of the reasons behind Bitcoins’ fall in market value. Before this incident, Bitcoin used to rank first in the trade market with a market price of $58000, which came down to $32000 in one go.
Conclusion
Besides the mentioned-above points, it is the extreme market volatility of Bitcoin investment that show up in the controversial picture. A few other latest news that affected the market value of Bitcoin, is the news of China’s complete ban and the passing of tender on Bitcoins in El Salvador. If you want more information on BTC’s latest facts, you can follow Bitcoin profit now.
