Bitcoin’s price has dropped to USD 25,401.29. This is the first time the cryptocurrency has fallen below USD 27,000 since December 26, 2020.

According to Crypto Marketing Center, Bitcoin’s losses were mitigated as it traded for USD 29,413.08 per unit, down 0.1%.

The price of Ether, the second most valuable digital currency, has decreased to $1,704.05 per unit. The currency dipped below $ 2,000 for the first time in June 2021.

Ether eventually regained its losses, trading for $1,988.45 per unit, down 6.5%.

When stock markets have dropped to the top of the coronavirus outbreak, fears of rising prices and declining economic prospects are driving investors away from cryptocurrencies.

According to US inflation data issued on May 11, prices for goods and services rose 8.3% in April, above economists’ expectations and approaching the highest level in 40 years.

Traders are also concerned about stablecoin coins like Terra. The TerraUSD, or UST, is supposed to track the dollar’s value, but on May 11, it fell below 30 cents, alarming investors in the so-called decentralized financial world.

Stablecoin coins are akin to unregulated bank accounts in the crypto world. When volatile markets, digital currency investors typically turn to them for safety. The UST, on the other hand, an “algorithmic” stable currency coin backed by code rather than cash held in reserve, has struggled to maintain a stable value as holders rushed to sell in huge quantities.

On May 12, the UST was trading at roughly 33 cents, still much below the anticipated $1 value.

Luna, another Terra token with a floating price designed to cushion UST price shocks, has lost 99% of its value and was last worth barely one penny.

Investors are concerned about the implications for bitcoin. Terra Do Kwon’s Luna Foundation Guard has amassed a fortune in bitcoin to assist the UST during difficult times. The risk is that Luna Foundation Guard may sell a significant percentage of its bitcoin holdings to fund its weak stablecoin coins. Because bitcoin is such a volatile asset, this is a risky bet.

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The most valuable cryptocurrency plummeted as much as 3.2% to $38,236, its lowest level since March 15 and down more than 20% from its high last month. The second most valuable cryptocurrency, Ether plummeted 4.8% to $2,799, a low not seen since March 18.

According to technical analysts, price charts indicate further falls. According to Katie Stockton, founder, and managing partner of Fairlead Strategies, bitcoin has fallen below the Ichimoku cloud on a weekly chart, with secondary support lying around $27,200.

Bitcoin seems to break a two-month pivotal trend following Friday’s pullback, which is likely to cause a downward weakness to test January lows.

Mark Newton, Fundstrat technical strategist

According to Ziarul Financiar, Bitcoin still remains in the middle of a trading range that has been in place since the start of the year, ranging between $35,000 and $45,000. The digital currency is moving in lockstep with the Nasdaq 100, a technologically advanced index that is negatively associated with the dollar.

With the Federal Reserve anticipated to raise interest rates by 50 basis points in the next months to battle inflation, some of the variables that have supported the spectacular rise in cryptocurrency prices over the past two years have shifted. This means the Bitcoin fluctuations would still continue for a while, with the market set up for a potential decline further on.

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On February 24, when the Russian president announced the invasion of Ukraine, the crypto marketing statistic recorded a significant decrease, as Coin Desk price for bitcoin registered. The cost of Bitcoin fell 8.12%, and Ethereum was down 13.28%.

According to Crypto Marketing Center, the price of Bitcoin (BTC) was down by 8.12% on February 24, trading at $34,636.70, compared to February 17, when it was trading at $44,032.88.

As mentioned by the above-mentioned source, during February 17, when tensions broke out between Russia and Ukraine, and February 24, when the war started,  Bitcoin registered a significant decrease, probably reaching the lowest level in the last period.

Ethereum registered similar statistics. Ethereum (ETH) was trading at $2,341.03, with a fall of 13.28%, compared to February 17, when it was trading at $3,138.27.

In times of war, it seems that cryptocurrencies don’t pass the reliability test. And the question arises: if they don’t pass this test, how much should people rely on them? Is it safe to save in crypto? Is it better to keep in fiat? Or, as any kid can tell, precious metals rule in tough times like these?

This section is powered by Crypto Marketing Center – Crypto Marketing Agency.

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Almost half the population is caught in this crypto fever. But why Romanians are into crypto?

Most of the people are not investors, even though they are looking to get some quick gains. They are simply looking for ways to double or triple their investment in a very short time. This is highly improbable.

Anne-Marie M., Growth Hacker at Cryptomarketing Center

The main findings of the research on crypto currency in Romania

96% of Romanians heard about crypto

According to the research, 96% of Romanians have heard about crypto. This is not surprising, as almost anybody with a good internet connection, navigating these days on social media or even watching TV couldn’t miss the latest news on crypto markets.

4 in 10 Romanians have had or have crypto coins

4 in 10 Romanians who heard about crypto coins have had or have cryptocurrency at the moment. Moreover, 84% of those questioned admitted they intend to be active in this market in the future.

It’s a sign that Romanians have an interest in crypto coins, manifested, as the research finds out, more for the people between 18 and 44 years of age.

Bitcoin is the most popular crypto currency for the Romanians

Bitcoin was mentioned by 70% of the respondents. Also, two-thirds of Romanians have bitcoin in their portfolio.

Other crypto coins known by the Romanians are Ethereum and Dogecoin. Egold (EGLD), the Romanian cryptocurrency built on the Elrond platform, was mentioned by 1 in 5 respondents. 8% of them have EGLD in their portfolio as well.

Half of Romanians heard about NFT – Non Fungible Tokens

Half of Romanians have heard about NFT – Non Fungible Tokens, and from those who heard about NFTs, 1 in 5 have already bought such tokens.

The study concludes that Romania is a country where the adoption of cryptocurrency and NFTs is already happening properly. 41% of the people prefer to get the necessary information from specialized websites.

We are delighted to know that, apart from crypto marketing, we also contribute to the education of the people interested in investing in coins or tokens. This is why we think about developing a good section on our platform and bringing even more information, such as market trends, analyses and investment advice, to those who want to buy, sell, invest, mint or trade these assets.

Anne-Marie M., Growth hacker at Cryptomarketing Center

One of the greatest successes achieved on the NFT market in Romania is the “Stramosi project”, developed on the Elrond ecosystem. The company minting the 10,000 NFTs got around 4 million USD in just weeks.

This section is powered by Crypto Marketing Center – Crypto Marketing Agency.

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A crypto wallet like Tokero is a digital wallet that stores public and private keys and interacts with various blockchains to allow users to send and receive digital currency.

As the cryptocurrency market around the world continues to grow, Romania has also witnessed a rapid increase in the interest of the large public. The country is now home to over 200 crypto-related companies and has become a hub for blockchain innovation.

Cryptocurrency wallets are software used to store, send, and receive cryptocurrencies like Bitcoin, Ether or EGLD. They come in many forms, such as mobile apps, desktop applications, hardware wallets, paper wallets etc.

We’re sure you heard about cryptocurrency. In today’s face-paced world, everything evolves at high-speed, from businesses to technology. Everyone wants to be up-to-date and invest in everything even if they don’t have the necessary knowledge about this world. Here’s everything to know about crypto wallets and why Tokero should be your first choice if you live and work in Romania but also elsewhere.

What crypto wallet to use in Romania and why you need one

Crypto wallets are an essential part of the cryptocurrency ecosystem. They help users keep their digital assets safe and secure.

Romania is a country where quite a few people have heard about cryptocurrencies. The country is catching up with the rest of Europe and even North America in terms of cryptocurrency adoption.

The usage of cryptocurrency wallets in Romania vary from storing your coins to using them as a payment method.

Crypto wallets are virtual devices or online software platforms that store the user’s cryptocurrency. A digital wallet is where individuals can store their digital assets securely. Wallet holders can use it to send and receive payments, view their balance, and make transactions such as buying cryptocurrency and exchanging coins for goods or services.

Why use Tokero as Romanian crypto wallet?

Tokero is a crypto wallet that allows users to deposit and exchange crypto coins to/from Fiat in just a few steps. Tokero’s mission is to make crypto accessible to everyone in a fast and safe way. You can easily understand cryptocurrency and invest in different digital currencies like Bitcoin, Ethereum, or Tether.

Tokero is on mobile devices too, and you can download it from Google Play, AppStore, or App Gallery. You can make the exchange online or visit one of their Crypto Spots Partners like Prăvălia cu licori from Selari Street 18 or Lucas Exchange from Bucharest.

Crypto wallets are the most popular way of holding and carrying digital coins. Different types of crypto wallets can be found on the digital market, and Tokero is the number one choice for local crypto wallets.

The pros of a physical wallet are easy to carry and use. It is also very convenient because it is not connected to any network or device. The cons include the risk of losing it, as well as the need for a wallet that can hold more than just cash.

Digital wallets, on the other hand, are more secure than physical ones, but they need to be connected to a device for you to use them. They also require you to have an internet connection to make payments and transfer funds from one account to another.

Different types of cryptocurrencies and what they bring to the table

Cryptocurrencies are digital currencies that can make secure and instant transactions. They are decentralized and not controlled by any central bank or government.

There are two types of cryptocurrencies – fiat currencies and crypto-currencies. The former is issued by a central bank, while no central authority issues the latter.

The first type of cryptocurrency was Bitcoin, which was introduced in 2009. It is currently the most popular cryptocurrency.

The second type of cryptocurrency was Ethereum, which was introduced in 2015.

Both types of currencies can be found on Tokero. Also, you can discover different cryptocurrencies such as Tether, eGold, Swingby or WAM.

The benefits of using a crypto wallet in Romania

Romania’s crypto wallets are designed to store, send, and receive cryptocurrencies. They are also used for trading purposes. Wallets can be accessed from any device with an internet connection, and they offer users a high level of security.

A crypto wallet is an app that allows you to store, send, or receive digital currencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and more. They provide users with a higher level of security than other forms of digital currency storage, such as online wallets or tricky wallets.

Wallets can be accessed from any device with an internet connection, and they offer users a high level of security.

Crypto wallets are no longer just digital wallets for storing your coins. They have become the go-to solution for all sorts of transactions, from buying and selling Bitcoin to paying your bills and even sending money to friends.

The benefits of using a crypto wallet in Romania to store your virtual money

As the popularity of cryptocurrencies increases, Romania’s demand for crypto wallets increases. It is essential to have a wallet that can keep your crypto securely and be easy to use.

A fiat wallet allows users to store fiat currency such as US Dollars, Euros, and British Pounds in their online accounts. This gives users easy access to convert their coins into their local currency when needed.

Crypto wallets are digital wallets that allow users to store different cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc.

While it is unnecessary for every person who wants to invest in cryptocurrencies to have a fiat wallet, it provides an extra layer of security for those who want it.

With Tokero, you can have a reliable crypto wallet. With Tokero you will have the proper tool to help you store, exchange, and better understand when it’s the best time to trade crypto.

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But it’s not only Bitcoin. Ether and Solana prices dropped as well. So, what is happening, and why are these cryptocurrencies plummeting?

Why do cryptocurrencies fall? Energy crisis and the situation in Kazakhstan contributed

Generally speaking, it’s a matter of supply and demand. It’s the law of economics. When the volume of sales is high, the price goes down. But who is selling?

The ‘official’ explanation is that some sell incredible high volumes of cryptocurrency following the announcement of the US Reserve of a potential increase of the interest rates this year. This means the interest in the fiat guarantees is higher than the potential earnings from the cryptomarket. Besides, at the end of the year, the significant players sell crypto and buy fiat to pay the taxes.

Supposedly these led to the massive correction of the market. But is it only this?

According to another opinion, the big players on the crypto market needed this drop to buy cryptocurrencies at the lowest price possible. How do you do that?

You can help an existing dropping trend, like the one after the US Reserve announcement, by flooding the media with negative news, for an instance. Or, even better, start selling huge, ludicrous amounts of crypto to cause the market drop. Thus, you sell high, cause the market drop, after which you buy very low once again. You wait for the market to get back and sell high again. Of course, you cannot do that as an individual investor. You have to be a whale.

Anne M, Hack Growth specialist at Crypto Marketing Center

Whales are those considerable players in the crypto market. Ones to possess and trade billions in cryptocurrencies.

The energy crisis and Kazakhstan’s political and social crisis helped Bitcoin fall even more than all the other cryptocurrencies.

The energy crisis hit all the crypto miners. The price of energy is now simply too high to cover most of the expenses with mining Bitcoin. On top of that, the miners who fled from China to get refugee in Kazakhstan are now deprived of internet after the turmoil hit this Asian country. This led to a drop in the global computation power of around 12%. Consequently, Bitcoin dropped significantly, 10% in just two days after the crisis occurred in the Asian state.

Anne M, Hack Growth specialist at Crypto Marketing Center

As usual, the small investors take the hit each time and again. The whales are just swimming deep, only to get back to the surface when they need fresh air from time to time. Here we have another classic scenario of big investors winning over the loss of the small ones. And the bigger the sales of the small investors, the bigger the earnings of the whales.

One clever piece of advice is to wait for the market to go up again. In times like this is not a good moment to sell. Because, sooner or later, the market will recover.

This section is powered by Crypto Marketing Center – Crypto Marketing Agency.

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It seems that cryptocurrency is the new trend this year and people have become interested in this digital asset. So if you want to invest in cryptocurrency it’s not too late. Do your own research and decide if this category of investment will help you in the near future.

The post Ethereum Sets a New All-Time High, Bitcoin Recovers appeared first on Valahia.News.

Mircea Popescu was famous for being one of the early adopters and one of the most conservatives regarding the BTC. He advocated the BTC remain as it is, without any improvements or alterations.

He is also famous for being the only man in the world to have got 1 million BTC. This information was not verified for a fact by third parties, but it was largely known among the Bitcoin adopters.

The cause of the death is not known yet, but the Costa Rican media reported “the man had drowned” and had no vital signs when the paramedics from Costa Rica Red Cross arrived on the scene.

No news yet regarding what happens with the BTC which he owned.

To be updated.

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In fact, at the moment we post this, the cryptocurrency reaches $23,591.

Is it too much real value for a crypto coin? Some say it is: according to the JP Morgan analysts estimated the real value of Bitcoin is somewhere close to $12,000. Still, as Bitcoin fanatics would stress out, they are the analysts for a conventional bank – of course they’re interested in minimizing the value of any cryptocurrency.

In fact, any crypto coin has a value which is given only by the free market: if buyers want to pay more for a virtual coin, then its value increases. If not, its value drops. Of course, there were some allegations of the value being manipulated by some traders, but nobody can control the value 100%.

Would you trust investing in cryptocurrency as an alternative to the conventional banknotes? Or as an alternative to gold? Or as an alternative to shares? According to specialists. an investment in Bitcoin at the beginning of the year would’ve brought you a profitability rate of175%, which is not so bad at all. Compare it to your regular bank’s interest for your deposits, right?

It seems we live completely different times than they were 10 years ago and this pandemic did nothing else but increasing people’s attention for online shopping, virtual social life and online investments. And, when it comes to virtual life, nothing is more virtual then cryptocurrency. On the other hand, specialists warn that Bitcoin value could drop again, so the investment in this crypto, as much as in any other, is pretty risky.

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The court decided that the virtual coins to be sold in auction and, if you are interested, all you have to do is to register for the auction. Of course, you also have to prove you have a virtual wallet on a proper crypto platform, for the virtual coins to be transferred to your wallet in case you won.

A BTC is around 9,000 EUR and an ETH is around 300 EUR and it is expected the auction prices to be much lower. Still, the Romanian state hasn’t mentioned how many virtual coins are to be sold during the auction.

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