Bitcoin price hovers above critical level – follow live
The crypto market is relatively stable at the start of the year, with no major price movements from any of the leading cryptocurrencies.
Bitcoin (BTC) continues to trade in the $45,000-$52,000 window that it has remained within since early December, though has fallen to the lower bounds of it at the start of 2022.
Ethereum (ETH) has slipped below the $4,000 mark that it had managed to hold above for so long, but has shifted in value by less than 1 per cent over the last few days.
Several high-profile figures within the cryptocurrency space have predicted big things for bitcoin this year, with the illusive six-figure price target still seen as a realistic outcome for many analysts and traders.
Part of the reason for this is the huge momentum carried over from 2021, which saw massive institutional and retail interest – exemplified on Monday by former First Lady Melania Trump celebrating the anniversary of bitcoin.
You can follow all the latest news, analysis and expert price predictions right here.
Bitcoin to hit $100,000 in 2022, bets El Salvador president
El Salvador President Nayib Bukele has made his predictions for bitcoin in 2022, claiming there will be a “huge surprise” in April at a crypto conference he’s attending in Miami.
Bitcoin 2022 is the successor to the event that Bukele announced his intention to push through legislation that would make BTC legal tender in the central American country. The self-styled “CEO of El Salvador” also bet that bitcoin would hit six figures at some point this year, while also speculating that two more countries will follow his country’s lead by adopting bitcoin as an official currency.
You can read the full story here:
Anthony Cuthbertson4 January 2022 10:38
Melania Trump celebrates bitcoin anniversary
Among those celebrating the 13th anniversary of bitcoin’s genesis block yesterday was the unlikely figure of Melania Trump.
The former First Lady noted that bitcoin’s market cap is over $1 trillion, and took the opportunity to plug her own recently-launched NFT endeavour with the hashtag #MelaniaNFT. Her first offering on the NFT platform was a digital watercolour painting of her own eyes called “Melania’s Vision”.
Her husband Donald is not such a fan of cryptocurrency it seems, after claiming in an interview last month that crypto is “very dangerous” and a threat to the US dollar.
Anthony Cuthbertson4 January 2022 09:36
Hello and welcome…
to The Independent’s live coverage of the crypto market. We’ll be bringing you all the latest developments from bitcoin, ethereum and other leading cryptocurrencies, alongside expert analysis and predictions for what 2022 might hold for the space.
Anthony Cuthbertson4 January 2022 09:29
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