Also today we serve our crypto lunch. The first course consists of the live Bitcoin price and the prices of the top 25 cryptocurrencies. We then serve up updates on the influence of the war in Ukraine on crypto, whale stocks, and NFTs.
Of course, we will start with the live Bitcoin price and the prices of the top 25 crypto currencies.
Bitcoin price live and top 25 cryptocurrency prices rally fast
At the time of writing, the live Bitcoin price is trading at EUR34,275.45 ($38,444.66). This is 9.47% higher than during our crypto lunch yesterday.
The top 25 cryptocurrencies are also benefiting from the rally. Aside from stablecoins, we only see price increases for the largest crypto coins. The biggest gain of the day so far is for Terra (LUNA), which is up 24.22%. On the Tradeincrypto.com site, where you can analyze all cryptocurrency prices live 24 hours a day and therefore all weekend, we see that many more cryptocurrencies are rising by double digits.
The war causes the explosion of the prices of Bitcoin and cryptocurrencies. This is why
After yesterday afternoon’s price drop, we already saw a strong recovery in Bitcoin and other cryptocurrencies last night. This increase continues. This morning, Bitcoin even tried to break above the $40,000 resistance. However, this failed, after which the price fell slightly.
The reason for the increase in the price of cryptocurrencies has a lot to do with the developments of the war in Ukraine. The sanctions are already known. This generates certainty in the market and that rewards investors. Furthermore, we see a clear demand for ‘safe havens’ from investors. In addition to Bitcoin and cryptocurrencies, the price of gold is also on the rise. Furthermore, as we saw last night, both the wealthy Russians and Ukrainians are using cryptocurrency to tap into their wealth despite the fact that the banks are sanctioned or busted.
The question is, of course, how stable this increase is. The market reacts quickly to macroeconomic developments. Therefore, we continue to share the advice of our colleagues at Tradeincrypto.com for trading in an uncertain crypto market.
Crypto Whale Activity Is Rapidly Increasing
It’s not just private investors who are taking action. The big cryptocurrency owners, the so-called whales, also apparently see an opportunity to take advantage of the situation. In Santiment’s analysis below, we see the anomalous behavior of crypto whales adequately portrayed.
#Cryptocurrency #Whales have behaved EXTRAORDINARILY differently since #war broke out Isolated is the last day of key high-level whale activity to look at the 1-day percentage change within the 90-day range of each asset’s whale stock. This is about 5 times more activity than a typical day. pic.twitter.com/L9H35XMIoO
— Santiment (@santimentfeed) February 25, 2022
Here too, of course, the question is how structural are the market positions that the whales take. At what price will they sell? Are These Rich Russian Whales Temporarily Investing More To Store Their Wealth? This activity is therefore once again a factor of short-term uncertainty.
NFT update: OpenSea, bestsellers and more
After the recent phishing attack, the OpenSea NFT platform is apparently no longer at risk when migrating its contracts. Reports that the execution of transactions today, Friday, February 25, 2022, is temporarily not possible due to the planned migration.
Plus, more happened. For example, despite the situation in Russia, many sales of NFTs were made again. It was also discovered that an adult entertainment industry influencer was scamming his followers with a backlink NFT. Also, a desperate father tries to intervene by making an NFT of the footage of his daughter’s murder. All of this can be read in the NFT update from our colleagues at Tradeincrypto.com.
Of course, we will be back tonight with a Bitcoin update, after all there is a lot going on.
Want to stay informed of the latest price changes?
You can always follow the developments yourself with our WANT crypto analyzes or feature articles and previews on the crypto market and Bitcoin. Of course, you can also follow live prices 24 hours a day if you want to stay informed in real time. Are you also interested in other investments besides cryptocurrencies? So our weekly price forecast on Monday morning may be some reading advice. †Note: We never provide financial advice, so you may not interpret our contributions in that way. Always do your own research and make rational decisions about if, when, what and how much you want to invest in.”
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