Bitcoin price news – Live: BTC value sees dramatic fluctuations to kick off tough 2022

The cryptocurrency market was affected by dramatic declines after a relatively flat start to the year.

The poor performance of Bitcoin and other digital currencies means that 2022 may turn out to be difficult for prices, with many dropping more than 10 percent over the past week.

Bitcoin is now down nearly 40 percent from its peak in November, when it reached an all-time high of nearly $69,000.

Many prominent cryptocurrency figures have predicted big things for bitcoin this year, and the deceptive six-figure price target is still seen as a realistic outcome for many analysts and traders.

Part of the reason for this is the massive momentum carried over from 2021, which saw massive interest in enterprise and retail — exemplified on Monday by former First Lady Melania Trump’s celebration of bitcoin’s anniversary.

You can follow the latest news, analysis and expert price predictions here.

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A few quiet days ended dramatically

After the fairly steady first few days in the crypto markets, everything is getting a bit more shaky.

Andrew GriffinJan 7 2022 13:03

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Renewed expectations that the price of Bitcoin will reach $100,000 in 2022

The founder of cryptocurrency platform Nexo is the latest industry figure to expect bitcoin to hit six figures this year.

Anthony Trenchev told CNBC that the $100,000 price target for bitcoin, which many analysts believe will reach in late 2021, is still valid until 2022.

“Every time investors and the broader community write off bitcoin, it has massively outperformed,” he said. This was the case in 2020 when it jumped nearly 1,000 per cent and in 2021 where it rose 63 per cent. I am very optimistic about Bitcoin.”

Anthony CuthbertsonJan 4 2022 14:22

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Matt Damon mocked the crypto ad

Matt Damon is experiencing Twitter delight after comparing cryptocurrency trading to humanity’s greatest achievement in his latest component of crypto.com.

The American actor became the face of the cryptocurrency platform, featuring advertisements that appeared even on the most prestigious slots in the Superbowl. In the latest effort, he has been seen stepping into past photos of explorers and astronauts, manipulating bitcoin with maximum oomph.

“History is full of the word ‘almost,’” he says. “With those who almost took risks, and those who almost accomplished, but in the end for them it proved to be too much. Then, there are others — those who embrace the moment and commit to it.”

One Twitter user replied: “There is not enough luck in the world.”

You can read the full story and watch the ad here.

(crypto.com)

Anthony CuthbertsonJanuary 4, 2022 12:30

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Bitcoin Will Reach $100,000 In 2022, El Salvador President Bets

El Salvador’s president, Nayib Bukele, has made his predictions about bitcoin in 2022, claiming there will be a “big surprise” in April at the crypto conference he’s attending in Miami.

Bitcoin 2022 is the successor to the event where Bukele announced his intention to push through legislation that would make BTC legal tender in the Central American country. The CEO of El Salvador is also betting that bitcoin will hit six figures sometime this year, while also expecting two other countries to follow his country’s lead by adopting bitcoin as an official currency.

You can read the full story here:

Anthony CuthbertsonJan 4, 2022 10:38

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Melania Trump Celebrates Bitcoin Day

Among those who celebrated the 13th anniversary of the founding of the Bitcoin block yesterday was the unexpected number of Melania Trump.

Noting that Bitcoin has a market capitalization of over $1 trillion, the former first lady took the opportunity to connect her recently launched NFT endeavor with the hashtag #MelaniaNFT. Her first show on the NFT platform was a digital watercolor of her eyes called Melania’s Vision.

Her husband, Donald, is apparently not a fan of cryptocurrency, after claiming in an interview last month that the cryptocurrency is “very dangerous” and threatens the US dollar.

Anthony CuthbertsonJan 4 2022 09:36

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Hello and welcome…

to independentLive coverage of the cryptocurrency market. We’ll bring you all the latest developments from Bitcoin, Ethereum and other leading cryptocurrencies, along with expert analysis and predictions of what 2022 might hold in the space.

Anthony CuthbertsonJan 4 2022 09:29