Bitcoin Continues in the Downward Spiral – Down 1.47%

Bitcoin continues the downward trend today. Earlier today (January 20), the bitcoin price fell by 1.47% and moved at $41,743.77.

Bitcoin moved into negative territory this morning after the Dow fell 339 points on Wednesday, marking the fourth consecutive day of declines. Markets are nervous as investors expect the Federal Reserve (Fed) to raise interest rates to curb inflation. This will pull cheap money out of the markets, which will mean further downward movement.

Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to give all Mastercard users access to non-fungible tokens (NFTs). This will allow users to buy NFTs on Coinbase’s upcoming marketplace.

Mastercard said, “Getting more people involved and giving them confidence in their security may be the best way to help the NFT market grow.”

Coinbase announced in October of last year that it was launching an NFT marketplace, which the company describes as “Coinbase NFT” as a “peer-to-peer marketplace that enables mining, purchasing, exhibiting, and trading NFTs. It’s easier than ever.”

The Spot Market is Open

Thursday, January 20, 2022

Crypto
Updated at
USD
Price

Change

%Change
12.25 BTC41,856.27-347.08-0.82
12.25 ETH3,118.75-11.94-0.38
12.25 LTC137.84+1.04+0.76
12.25 BNB470.40+2.87+0.61
12.25 XRP0.740.00+0.45
12.25 ADA1.35-0.08-5.36
12.25 DOT24.51+0.24+0.99
12.25DOGE0.160.00-0.67
12.25 UNI15.33-0.30-1.92
12.25 LINK21.80-0.29-1.31

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