Bitcoin Price (BTC) shows signs of recovery after a short period of two weeks, when 17% of the value of crypto money was removed.
Mining Mining Bitcoin (BTC)
On Wednesday morning, the cost of bitcoins increased by 13% in the previous 24 hours and reached $ 4.209 at the time of writing. As usual, other crypto coins XRP 11.34%, broadcast 13.24% and Bitcoin in cash – by 8.43%. This is the biggest daily Bitcoin jump since July. It should, however, be noted that the cryptocurrency fell by 82% compared with a week earlier, which is almost $ 20,000 a year.
Crypto coins, such as bitcoin, are subtracted using powerful computers that compete with each other to win games with guessing numbers that are harder than the end of each round. This process is costly in terms of both computing power and power consumption. That is why the impact of Bitcoin on the environment and the level of profit – and other cryptocurrencies minersin a place where they are not worth their effort to continue creating.
Mohamed El-Erian: leri I think that cryptocurrency will always exist.
Earlier this year, several analysts predicted a minimum cost of $ 8,000 north for miners. Until the last crash, crypto for some time the currency exceeded the average amount of $ 6,000, so she was in the danger zone for a while.
However, Mohamed El-Erian, Allianz’s chief economic adviser, attended the conference on Tuesday. crypto He says that he believes that the money will remain with us, despite the current stagnation and the return of individual investors. Mohamed El-Erian adds:
to my mind crypto currencies will always exist, become more common, but they will become part of the ecosystem. But they will not be as dominant as some supporters believe.
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