BTC and crypto price is falling. NB! Elon Musk and NFT scams

US markets are now closed. We look at the live Bitcoin price and the prices of the top 25 cryptocurrencies. So we see that the villain guild needs money. We warn against 3 crypto scams.

Of course, we will start with the live Bitcoin price and the prices of the top 25 cryptocurrencies.

Bitcoin price live and top 25 cryptocurrency prices fall again

At the time of writing, the live Bitcoin price is trading at EUR27,700.04 ($29,273.16). This is 2.91% lower than last night and also 4.03% lower than during our Bitcoin lunch this afternoon. In this you can also read what this price drop can have for the price of BTC.

The prices of the top 25 cryptocurrencies are also falling, with a few exceptions. The biggest gain today is +1.63% for Tron (TRX). However, the prices of the top 25 cryptocurrencies are falling. The biggest loss today is -6.85% for Avlanche (AVAX). On the Tradeincrypto.com site you can analyze all cryptocurrency prices live 24 hours a day.

Today we see a lot of messages about successful or failed crypto scams. We list 3 examples of crypto scams where you should not farm.

The crypto scam around Elon Musk makes you laugh

The creators of the crypto scam called BitVex are doing it big. They made a website (which we deliberately did not link to) where it appears that the site is the platform of Tesla founder and Bitcoin fanatic Elon Musk. References from Binance CEO CZ and investor Cathie Wood should also boost confidence. To put the finishing touches on this, you’ll also see a nice overview of user returns.

Unfortunately, it soon becomes clear that this is a crypto scam. Anyone who transfers their money to this ‘crypto exchange’ is guaranteed to lose their money. That, of course, isn’t funny, but the crypto community still finds this attempted scam ridiculous and it has everything to do with a now-deleted video of Elon Musk. He allegedly told a story about this fair through a deep fake technique. The chill-inducing video is now off the site, but can still be ‘watched’ via this link on YouTube.

Less fun: COTPS, a crypto scam in the making?

COTPS was a trading platform that helped people use margins on the cryptocurrency Tether (USDT) through so-called “margin trading”. This allowed him to earn high returns by speculating on price differences between different exchanges. The point was that you had to let this party trade your money on your behalf as the so-called ‘over the counter’ trader. Initially, the stories were enthusiastic and many investors jumped in.

It is not yet known what exactly went wrong, but this platform also crashed around the collapse of Terra (LUNA). Initially there were technical glitches and problems with an SMS app, but according to the organization there has now been a hack. They indicate that the money is probably gone and ask for 3 to 5 weeks of patience to resolve the case. In this YouTube video, one of the users analyzes the situation.

The website now appears to be gone and review sites like Trustpilot are full of notices, warnings, and major loss messages.

Notoriously old-school NFT fraud via Twitter

Finally, we see a crypto fraud that is so old that it was almost forgotten. If cryptocurrency sites and platforms are heavily protected, there is always another solution: cracking the Twitter account of a popular cryptocurrency influencer. This weekend it was the turn of the famous NFT artist Beeple. The (so far) unknown hacker has taken over his account for 5 hours.

He then made a lot of digital noise through a fake advertisement for a collaboration with Louis Vuitton, causing many Tweeps to visit his account. Investors lost an estimated $438,000 through various techniques. Beeple’s calls for damage compensation have gone on deaf ears as the claims cannot be verified according to the NFT artist. So likely to continue.

Of course, we want to protect you from such crypto scams. In this article, our colleagues at Tradeincrypto.com explain how to spot a crypto scam and avoid falling for it.

Invest, but not only in crypto? See our price forecast!

If you invest or are considering investing in assets other than Bitcoin/crypto, it is of course important to research the potential returns on investments in assets such as stocks, options, Forex, gold and/or oil. To help you with your own research, we’ve also put together our price forecast for several popular investments this week. You can read this as usual on our sister site MANNERS.nl.

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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Crypto Update: BTC and crypto price are falling. NB! Elon Musk and NFT scams

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