Crypto market update

After several consecutive days of price dumps, Bitcoin finally reversed its trajectory and added more than $2,000 in hours. Most altcoins have also turned green today. Thus cryptomarkets followed the stock markets as the development of situation in Ukraine have become a defining element. The initial reaction of the financial world was strongly negative, with significant falls on the main stock markets and, in turn, rises on the prices of many commodities linked to the whole situation. Over time, the negative mood in the markets began to ease and even stock markets rose slightly.

Bitcoin (BTC) is now trading at 38,940 USD up by 3.8% in 24h

Ethereum (ETH) is now for 2,720 USD up by 5.2% in 24h

PlatonCoin (PLTC) is now for 0,523 USD down by 19.2% in 24h

Total marketcap is currently at 1.811 trillion USD up by 4.1% in 24h

(all data valid at the time of publishing, from Coingecko.com)

Daily news update

Merchants and cryptocurrencies: According to a new report, which surveyed over 110,000 Crypto.com users and Worldpay from FIS’ base of approximately 1.5 million merchants, about 60% of merchants want to accept crypto payments within the year, with 75% of customers showing the same interest.

ETH and gains: A dormant Ethereum whale has moved its funds for the first time since 2015, with the transaction sending the funds to an unknown wallet then split the funds into several other wallets, before moving to stake them ahead of the upcoming launch of Ethereum 2.0. At the time the 1,947 ETH was worth around $2,336, while the funds could now change hands for $5.16 million – a whopping 220,000% change.

El Salvador and Bitcoin: Tourism in El Salvador has increased by 30% since bitcoin was introduced as legal tender. on Sept 7, 2021. The country’s Minister of Tourism revealed the information, saying that there was an increase in the Q4 2021, 300 million or so more than expected. El Salvador’s decision to make bitcoin legal tender has paid off as far as tourism is concerned.