Cryptocurrency News Today: Bitcoin is trading at US$24,533.1 and Ethereum at US$1,693.32, a variation of 99% and 0.99% in the last 24 hours, respectively. Bitcoin (BTC) is trading today, February 20, at US$24,533.1, according to the Live Coin Watch portal.
This price positions it 99% compared to its value 24 hours ago and 112% compared to the same day last week.
The current market capitalization of the token is US$473,401,981,568.
Ethereum (ETH), the second-largest cryptocurrency on the market, sits at $1,693.32, a 0.99% change from its price a day ago.
Among the main altcoins -alternative tokens to bitcoins- BNB, the cryptocurrency of the Binance platform, is trading at US$317.13. Cardano (ADA) is at US$0.4 and Solana (SOL) at US$26.5.
The variations of the last 24 hours were 1.0%, 1.0%, and 1.12%, respectively.
The total capitalization of the cryptocurrency market is US$1,140,545,001,804.0 trillion, a change of 0.42% in the last day.
On the other hand, the volume traded in the last 24 hours is US$51,571,544,420.0.
The prices of 10 cryptocurrencies
Cryptocurrency News Today: Prices of Top Cryptocurrencies on 20th February are given in the below table
|Shiba Inu (SHIB)||$0.000013|
In the context of the global economic crisis, with unprecedented inflation rates in the United States and Europe, and a war between Russia and Ukraine that no one knows when -or how- it will end, cryptocurrencies are experiencing one of their worst moments and In a report entitled ” Crypto winter: keys to understanding the fall of cryptocurrencies worldwide” , the BBC journalist Cecilia Barría explains that this abrupt fall came just after the best historical moment in the crypto world. In just five years, a bitcoin went from being worth $1,000 to $68,000.
The journalist points out that it is determined with a “quite basic” rule, supply and demand. “When more people want to buy, the price goes up. And when nobody is interested, the price goes down, ”she summarizes. But she clarifies that it is not the same as on Wall Street. “Cryptocurrencies are not shares of a company. They are, as you already know, digital money, and that means that nobody regulates them, no authority issues them and, of course, there are no banks that keep them. So, how they move without any control, the ups and downs are frantic ”, Barría specifies in the report.
The term crypto winter or crypto crash was coined in the first big crash of cryptocurrencies, which occurred just before the last boom, in which bitcoin touched US$69,000, in November 2021.