<p>The price of bitcoin suffered a crash in mid November, causing the rest of the cryptocurrency market to slide</p>

The price of bitcoin suffered a crash in mid November, causing the rest of the cryptocurrency market to slide

Bitcoin price news – live: Dogecoin and Shiba Inu sky rocket as BTC stabilises

Latest updates, analysis and prediction forecasts for the cryptocurrency market

Anthony Cuthbertson,Vishwam Sankaran
Tuesday 30 November 2021 11:37

The price of bitcoin has settled at around $57,000 on Tuesday after yo-yoing between $59,000 and $53,000 over the last few days.

BTC remains in limbo following last week’s flash crash, which some analysts mistook for the start of a bear market that would see its price continue to tumble in the short term.

The cryptocurrency’s subsequent rebound gave bullish investors hope that new all-time highs were imminent but the market has now lost momentum in either direction.

Other cryptocurrencies, including Ethereum (ETH), Solana (sol) and Cardano (ada) have all largely settled over the last 24 hours.

The overall crypto market has moved by less than half a per cent since the start of the week, however meme coins dogecoin and Shiba Inu have shot up by 6 per cent and 29 per cent respectively.

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


CoinMarketCap offers insight into state of crypto industry with quarterly report

CoinMarketCap has become the go-to price index for cryptocurrency followers, offering the most comprehensive list of altcoins (15,000 and counting) and historical data.

The Binance-owned market tracker has recently begun releasing quarterly reports that offer insights into its users, and therefore the industry more generally.

The latest edition reveals that the vast majority of its users are male (74 per cent), while the 35-34 age bracket is by far the biggest.

Breaking down visitors by country also gives an indication of how popular bitcoin and other cryptocurrencies are in different regions, with the US, Europe and Southeast Asia accounting for the majority of visitors.

Anthony Cuthbertson30 November 2021 11:37

Bitcoin price dips but settles

Bitcoin has dipped slightly following yesterday’s sudden price surge, however appears to have settled on Tuesday morning at around $57,000.

The overall crypto market has largely stabilised after a tumultuous few days, shifting by less than half a per cent since this time yesterday.

While most leading cryptocurrencies have reflected this moment of calm, meme coins dogecoin Shiba Inu have both shot up in value. Dogecoin rose 6 per cent over the last 24 hours, while Shiba Inu saw gains of nearly 30 per cent.

Anthony Cuthbertson30 November 2021 10:43

Dogecoin founder sums up ‘crypto gambling’

Be it virtual real estate, NFTs, or the latest meme coin, it’s always worth remembering the risks involved when investing in such volatile and temperamental crypto assets.

There seems no one better to share this message than dogecoin co-founder Billy Markus, who has lived through all the ups and downs of his crypto creation.

With Elon Musk and Jack Dorsey among his followers, ‘Shibetoshi Nakaoto’ has some significant online clout – and as you might expect, he uses it mostly for sharing memes:

Anthony Cuthbertson29 November 2021 16:15

Record-breaking crypto purchase in Metaverse

A virtual reality real estate company has bought a 500-metre-squared plot of prime metaverse ‘land’ for a whopping $2.4 million.

Metaverse Property made the purchase using 618,000 of the MANA cryptocurrency, which is a rapidly rising Ethereum-based token used within the Decentraland metaverse environment.

“We are happy to make history by closing the largest public metaverse land acquisition to date,” said Metaverse Group CEO Andrew Kiguel, who revealed that the virtual real estate would be used to host fashion shows in partnership with several as-yet unnamed brands.

You can read the full story here:

Virtual land within metaverse sells for record $2.43 million

Decentraland space will be used to host virtual fashion shows for avatars

Anthony Cuthbertson29 November 2021 15:58

As bitcoin price rebounds, who bought the dip?

With bitcoin returning to the price it was before the sudden collapse at the end of last week, several high-profile figures have now revealed that they made the most of the flash crash by taking the opportunity to bolster their holdings.

Alex Mashinsky, founder of crypto rewards firm Celsius Network, said he bought $10 million worth of bitcoin and Ethereum (ether) when BTC was trading at around $54,000.

El Salvador President Nayib Bukele said on Friday, when bitcoin was hovering around the same level, that the Central American country had “bought the dip”.

MicroStrategy, as mentioned in the previous post, appear to have bought just before the most recent nosedive, though still $10,000 cheaper than the all-time high bitcoin experienced earlier this month.

Anthony Cuthbertson29 November 2021 15:43

MicroStrategy buys another $400m of bitcoin

Michael Saylor is at it again, announcing yet another massive bitcoin investment after a market downturn.

The MicroStrategy CEO said the software firm has acquired roughly $400 million worth of the cryptocurrency at an average price of $59,187.

The company now holds roughly $7 billion worth of bitcoin, making them by far the biggest corporate investors in the cryptocurrency. Having bought its entire stash at an average price of sub $30,000, MicroStrategy has nearly doubled the value of its investment.

You can read the full story here:

Tech company buys $400m in bitcoin as price surges

MicroStrategy’s cryptocurrency holdings have increased in value by nearly $3.5bn thanks to BTC price rally

Anthony Cuthbertson29 November 2021 14:26

Cryptocurrency mining in Kazakhstan causing abrupt power shortages

A surge in electricity demand in Kazakhstan due to a recent increase in crypto mining activity is causing power shortages across the country, Financial Times reported.

The country’s energy ministry reports that the electricity demand has jumped by 8 per cent so far in 2021 compared to the typical increase of 2 per cent.

Experts say this could be due to crypto miners illegally generating currency from their homes or factories.

They say the exodus of crypto miners to Kazakhstan from mainland China due to the crackdown on digital currencies there, could also be playing a major part in the electricity demand surge.

Vishwam Sankaran29 November 2021 09:41

Bitcoin, Ethereum recover from Friday crash

The prices of several cryptocurrencies, including Bitcoin and Ethereum have risen by about 7 per cent in the last 24 hours, rebounding from the flash crash on Friday which took out nearly 9 per cent of the crypto market’s overall value.

Bitcoin which sank close to the $54,000 mark on Friday, is back to about $57,000, while ETH has risen by 8 per cent to over $4,300 in the last 24 hours.

The overall crypto market has grown by nearly 7 per cent in the last day.

Other cryptocurrencies including cardano (ada), solana (sol) and XRP have risen by over 6 per cent in the last 24 hours, but are still down compared to their values a week earlier.

Meme coins dogecoin and its spinoff shiba inu are also showing signs of recovery from the Friday crash.

Vishwam Sankaran29 November 2021 02:55

Crypto market crash amid fears of new covid variant affecting traditional markets

The prices of several cryptocurrencies, including bitcoin and ethereum have plunged by more than 7 per cent in the last few hours amid fears over the new coronavirus variant shaking traditional markets.

Bitcoin is down by about 7.5 per cent in the last 24 hours, and is currently valued at about $53,700, just hours after it was trading close to about $58,000.

Within a span of four to five hours, ethereum, solana, cardano, and dogecoin have all nosedived rapidly, plunging in value by about 10 per cent compared to their prices a day earlier.

The overall crypto market has plunged by over 8 per cent in the last 24 hours and is currently valued at about $2.41 trillion.

The chart is all red with no signs of recovery yet.

You can read more about the price crash here:

Bitcoin and other crypto plunge amid fears over new Covid variant

Bitcoin and other cryptocurrencies have fallen sharply, as fears over the new coronavirus outbreak also shook traditional financial markets.

Vishwam Sankaran26 November 2021 12:12

Bitcoin and ethereum rise, while solana and cardano dip

Bitcoin has grown by about a per cent in the last 24 hours and is currently valued at about $58,000 – up by about 3.5 per cent in the last week.

Ethereum has also surged during this period, growing by over 10 per cent in the last 7 days, and is currently valued at around $4,500.

Solana and cardano, however, have dropped in value by about 1.5 per cent in the last day, with the latter slipping by nearly 7 per cent in the last week.

Meme coins dogecoin and its spinoff shiba inu have also dropped in value between 1 to 5 per cent in the last 24 hours.

The overall crypto market is valued at about $2.64 trillion and has grown by nearly 1.5 per cent in the last day.

The chart mostly looks green with some signs of recovery.

Prices of cryptocurrencies over last 24 hours

Vishwam Sankaran26 November 2021 03:18

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