Crypto related news from Itez.
In this section we wil publish interesting info posts related to crypto industry.
The inflation works good for Bitcoin.
Hey, Itez is here! ⚡️ Dear Bitcoin owners, we have good news for you! 🧚♀️
Now the BTC price has reached 🔥$44,000🔥, and all thanks to the fact that in the USA the inflation level for December was 7%. The highest rate mark reached $44,135.37 (the highest rate mark reached $44,135.37).
Btw, the price reaches $42,205.56, which is still 1.54% higher than the latest downgrade mark 🧐
The price has certainly dropped, but it's still a noticeable jump if you look at the marks for the last week.
It's worth adding that this event didn’t happen by chance.
Just recently, the US Bureau of Statistics and Labor published the inflation data for the past month, which reached a historically high level over the past 40 years.
The CPI for December in the US was 7%, which is 0.2% higher than the price index for November. CPI is the consumer price index. It's an indicator of the average change in prices that buyers pay for a consumer basket of goods and services. Last time such inflation rate was witnessed in 1982.
Crypto enthusiasts, now it's ultimately good times to recharge your wallets!
⚡️Have you upgraded yet? We are! 🔥
The Bitcoin network recently had an impressive update — Taproot (the previous one was as far back as 2017, it was called SegWit)💥
Taproot will open up new potential for the development of DeFi and NFT, the most developing and promising areas of the crypto market.
💫 Why were crypto-enthusiasts so supportive of the new update?
🔘 Enhanced privacy
🔘 Network efficiency: the Taproot update introduced the Merkerlized Abstract Syntax Tree (MAST), which introduces a condition that allows the sender and receiver of a transaction to sign a transaction in tandem for settlement.
🔘 Introduction of smart contracts into the Bitcoin network
🔘 Lower transaction fees
🔘 Convenient compatibility with the last update: you can update Taproot whenever it's convenient without loss of functionality.
🤔 Btw, the price of Bitcoin has risen more than 50% since the last SegWit update.
Share your expectations for the new bitcoin network update in comments! 🌟
🍟Happy meal token. 🍔
⚡Hey, everyone! Itez is here.✨
📢Have you heard about the meme story with Elon Musk and MсDonald’s?
On Jan. 25, Elon Musk posted a trolling tweet on his personal twitter account with an offer to McDonald’s to accept Dogecoin as a payment option. By the way, Elon Musk promised to eat a happy meal on TV if McDonald’s accepts.
The response from the representatives of McDonald’s didn’t take too long. In McDonald’s tweet, they suggested Elon Musk’s Tesla to accept Grimacecoin.😁
😎I’m the Boss! Who’s the manager?
🚀McDonald’s or Tesla?🏆 Who’ll win the trolling competition?
Hey! ⚡️ As you probably know, over the last week there has been a kind of crash in the cryptocurrency market 📉 The second half of January 2022 was not the brightest for crypto enthusiasts around the world 🌎
💰 BTC and ETH collapsed and other cryptocurrencies like DOGE, MATIC, CARDANO and others followed suit. By the way, analysts give various possible reasons for such behavior of the rate. Some peg it to the new wave of Omicron Covid-19, and some to the impending new financial crisis.Most analysts agree that these processes are not permanent. Due to the high volatility of cryptocurrencies, the situation has already started to change and the rate is growing again 🚀
💫 This is how the dynamics of cryptocurrencies rate looks like at the moment, according to CoinMarketCup:
🔹 BTC — $37,137.69 up 3.65%
🔹 ETH — $2,554.90 up 3.70%
🔹 MATIC — $1.58 up 10.43%
🔹 DOGEcoin — $0.1395 - up 7.30%
🔹 CARDANO — $1.02 up 2.34%
We remind that Itez allows user to buy BTC and other cryptocurrencies at the most favorable rates, without any overpayments and hidden fees 🎉💰 Stay with us, we will keep you informed! 👽
🤑 Cryptocurrency rates 5 years ago
🔙 What would you change if you went back 5 years? Some people, even those not particularly versed in the crypto industry, responded to surveys like this: "I'd buy bitcoin".
👀 Here's a look at bitcoin and ether prices in early February 2017:
⚡️Bitcoin = $983
⚡️Ethereum = $10.7
By the way, less than a year later, in late 2017 and early 2018, the price of BTC rose to $20,000+ and the price of ETH rose to $1,000+. After that there was a pullback to bitcoin values of about $10,000 and ether of $500 respectively.
🔆 The desire to buy crypto at such prices now is reasonable. But was it so back then?
Those who bought digital assets in 2017 or earlier did not know that there would be such tremendous growth in crypto assets. They believed in the technology in the first place and were just waiting for it to become more in demand and widespread. Which happened a few years later. Thus, all of the early crypto holders were rewarded, in fact, precisely for believing and waiting.
What do you think is in store for cryptocurrencies in 5 years? Let's imagine! 😎