January 18, 2022

Markets In Red! Bitcoin And Main Cryptocurrencies Are Still In The Doldrums But Monero Increases Notably This May 21 – DiarioBitcoin

For Angel Di Matteo @shadowargel

While Bitcoin and many other currencies continue to decline, for this May 21 the surprise comes with Currency, which increases more than 27% in the last 24 hours.


Bitcoin and the main altcoins continue to decline this May 21

We start our customary price report reviewing the evolution seen in the price of Bitcoin (BTC) this May 21, a digital currency that at the time of publication is quoted at about USD $ 41,037 per unit, with a slight fall of 3.23% in the last 24 hours.

According to information published in our section CryptoMarkets is appreciated as Bitcoin it is still fluctuating around the USD $ 40,000 barrier. Despite the fact that at the time of publication it capitalizes prices below those seen yesterday, we take into account that around 1:00 pm (New York time) on May 20, each unit was trading at minimums close to USD $ 38,600.

Bitcoin price evolution this May 21

Although it is still too early to talk about some kind of support in relation to the price of Bitcoin After the fall seen this week, analysts propose in various reports published by other media that the digital currency could still see declines in the next few hours. The less encouraging forecasts point to values ​​close to USD $ 30,000, while other more positive estimates, such as that of PlanB, they assure that the bull run is not over yet and the cryptocurrency could recover and go towards new all-time highs.

In any case, given the strong volatility present in the market and the fears present among many investors, we recommend being very attentive to the changes that may come to pass in the next few hours. We also reiterate to act with great prudence, as well as to take the corresponding measures to avoid adverse results in your business operations.

Main altcoins also down this May 21

The behavior seen in the case of Bitcoin is also replicated by the main altcoins of this ecosystem, which are going down this May 21, capitalizing on some of these quite remarkable falls.

Although these falls do not compare to the views several days ago, coins such as Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), XRP, Dogecoin (DOGE), Polkadot (DOT), Uniswap (UNI), Litecoin (LTC), Chainlink (LINK), Solana (SOL), Stellar (XLM) and many others are going down, losing between 6% and 11% in the last 24 hours.

However, coins like Polygon (MATIC), AAVE and Shiba Inu (SHIB) They capitalize falls of over 13% at the time of publication.

Currency, the surprise of the day

But not all is bad news, since in the middle of the red numbers it stands out Currency (XMR) capitalizing profits this May 21, which is quoted at about USD $ 322 per unit, with an increase of more than 27% compared to yesterday.

According to various published reports, it appears that Currency It was one of the few currencies that went higher after the administration of US President Joe Biden reported that all operations with cryptocurrencies above $ 10,000 had to be reported to the tax office.

In this regard, analysts believe that a tightening of legal and tax controls on traditional currencies could lead more people to the cryptocurrency sector focused on the privacy of operations, as is the case with Currency and other exponents of the ecosystem.

To buy cryptocurrencies through Daily bitcoin

If you are one of those who see an opportunity in this market crash and want to acquire cryptocurrencies, we remind you that our section CryptoMarkets You already have buttons for you to proceed to buy your favorite digital currencies.

New purchase buttons through CryptoMarkets

Main winners and losers this May 21

To finish, we review the cases of the currencies with the most pronounced fluctuations for this May 21 below:

Main winners

Top losers

Data source: CryptoMarkets,CoinMarketCap

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Markets In Red! Bitcoin And Main Cryptocurrencies Are Still In The Doldrums But Monero Increases Notably This May 21 – DiarioBitcoin