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The Cryptocurrency Market trading was mixed on Friday. Disappointing numbers from Meta, formerly Facebook, and sell-offs from tech stocks like Amazon and Snap added to the pressure. bitcoin Trading above the $37,000 mark. The world’s largest and most popular digital token is up more than 1.43 percent at 37,579.31, however, it’s down 19 percent in 2022 (year-to-date) so far. Meanwhile, today the global market capitalization of cryptocurrencies is up more than 1 percent to $1.8 trillion. bitcoinThe largest cryptocurrency has lost a fifth of its value this year, while some smaller coins, as well as tokens that have been affected by social media sentiment, have posted an even bigger drop.
Similarly, ether, the currency tied to the Ethereum blockchain and the second largest cryptocurrency, rose slightly to $2,761.85, according to coinmarketcap.com. On the other hand, Binance Coin also increased by more than % at $371. Dogecoin price rose to $0.13 while Shiba Inu was trading at $0.000021. Other cryptocurrencies also improved as XRP, Stellar, Avalanche, Cardano, Solana, Polygon and Terra traded with gains over the past 24 hours.
The global market capitalization of cryptocurrencies has increased in the past 24 hours. Mudrex CEO and Co-Founder Idol Patel said Bitcoin and Ethereum have picked up their winning streak again after falling Thursday. “Buyers are constantly losing ground to sellers, while spot volume is down which has been a trend in cryptocurrency since January. Most altcoins are in the green, showing some improvement from the day before.”
Wormhole, the popular cross-chain crypto bridge between Solana, Ethereum, Avalanche, and others, has regained its lost funds after yesterday a hacker managed to steal $320 million in off-protocol Ethereum (wETH) file.
Her Majesty’s Revenue and Customs (HMRC) – the United Kingdom’s tax, payment and customs authority – has updated the rules governing decentralized finance (DeFi) and cryptocurrency storage. I have outlined a series of 4 “guidelines” that serve as general guidance for determining what return DeFi related or staking should be classified as income or capital gains.
Multinational entertainment company Disney is looking for potential candidates who understand the burgeoning non-fungible token (NFT) industry. A total of four jobs on the company’s career site mention NFTs. These positions are; Director of Sales and Digital Marketing; Culture Trend Marketing Manager; Business development Manager; and ESPN for Business Development and Innovation.
Here are the top 10 cryptocurrencies and their prices on February 4, 2022 (data from coinmarketcap.com at the time of publication of this article)
Bitcoin $37,579.31 or 1.43% Gain in the Last 24 Hours
Ethereum $2,761.85 or 3.68 percent gain in the last 24 hours
Cardano $1.70 or 2.87 percent gain in the last 24 hours
Earn $1.00 or 0.01 percent in the last 24 hours
Terra $51.23, or a 4.96 percent loss, in the last 24 hours
XRP $0.6148 or 1.65 percent gain in the last 24 hours
Solana $104.87, or 6.24 percent, gain in the past 24 hours
Avalanche $69.31, or 1.24 percent gain in the last 24 hours
Binance $1.00 or 0.04 percent gain in the last 24 hours
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