The year 2022 did not start positively for cryptocurrencies. In fact, this process is called bear season. But Facebook’s removal of the Metaverse universe changed everything.

He invests in companies in digital universes such as Metaverse. These channels can have their own cryptocurrencies. So when investing, they need to buy digital assets.

Many cryptocurrencies have been on the rise in the last 24 hours. Bitcoin has gained 5% as of now. The same is true for altcoins.

The answer to the question “why are cryptocurrencies rising” is that large companies are now investing in this area. Especially the statements of Tesla shareholder Elon Musk affect investor decisions. So much so that if he shares a photo of his dog, the price of cryptocurrencies such as Dogecoin, Shiba, Floki, FlokiMusk increases.

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After the decline in Bitcoin the previous week, although it is experienced with bottom purchases, the leading crypto currency is to encounter a thousand dollars. Within the risks in the markets, its course and harsh reviews from the USA are seen as progress in the planning stage.

Although Bitcoin partially recovered after the great collapse it experienced in the previous week, it continues to maintain its horizontal course at the $ 50,000 border. The horizontal course of Bitcoin, which is expected to rise with purchases made at low prices, caused question marks among crypto investors.

Bitcoin continued to trade above $49,000 and Ethereum at $4,000.

Bitcoin, which is 103 percent more valuable than its value at the beginning of the year, has partially stopped with the effect of the regulation signal that came in December after the sharp fluctuations it experienced during the year.

While Bitcoin saw its historical peak with $ 69 thousand during the year, it saw its lowest level at the beginning of the year with $ 28 thousand.

The last drop in Bitcoin, which fell hard for various reasons such as Elon Musk‘s exits and China’s harsh ban waves during the year, was effective when the US Congress called the representatives of the country’s leading crypto exchanges to listen to the commission, along with the Fed’s signals to tighten its monetary policy.

TRADING VOLUME LOW
Due to the fear and anxiety caused by the Omicron variant, the decrease in risk appetite and people’s turn to safe havens were effective in the last drop in Bitcoin. The decline in Bitcoin was parallel to the fall in the stock market.

Although cryptocurrencies such as Bitcoin and Ethereum partially recovered after the decline and compensated for their losses, low transaction volume was also effective in not returning to the $ 60,000 levels seen in the previous weeks.

According to data published by Glassnode, Bitcoin’s transaction volume has reached a one-month low. The main reason for the decrease in transaction efficiency is the negative performance of Bitcoin in the market. Bitcoin has lost 27 percent of its value since last month. This level is also 38 percent lower than the all-time high.

HARD SIGNALS FROM USA
Another reason for the low trading volume in Bitcoin is the signals from the regulatory bodies of the developed states.

The Biden administration unveiled its United States Anti-Corruption Strategy later this week. In this document, cryptocurrencies are also broadly divided. The third column in the document, which is about holding illegal actors accountable, targeted cryptocurrencies.

The document states that it will investigate crimes committed by crypto exchanges and ‘mixing and tumbling services (a service that creates new inputs and outputs by mixing transactions with other transactions to protect confidentiality during transfers) and money laundering actors’. In addition, crypto technology is the target of the USA due to the claim that countries such as Cuba, Venezuela and North Korea are using cryptocurrencies to circumvent US sanctions.

These signals from the USA were interpreted as harsh regulatory moves could come in a short time. The last infrastructure package adopted by Biden also included various regulations such as taxation of brokers.

REGULATORY WARNING FROM IMF
Recently, the IMF also published a report on similar regulatory scenarios.

In an article titled “Global Crypto Regulation Must Be Comprehensive, Consistent and Coordinated” published on the IMF blog by Tobias Adrian, Dong He and Aditya Narain, “Crypto assets and related products and services have grown rapidly in recent years. Also, links with the regulated financial system are increasing. Policymakers find it difficult to monitor the risks emanating from this booming industry where many activities are unregulated. In fact, we think these financial stability risks may soon become systemic in some countries.

It was also stated in the article that crypto assets pose various risks to financial systems. Asset service providers offering critical activity must be licensed or authorized. The licensing and authorization criteria should be clearly stated, the responsible authorities should be clearly identified, and the coordination mechanisms between them should be well defined.

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Cryptocurrencies lost value last week, upsetting its investors. On the last day of the week, David Roche from Independent Strategy warned about cryptocurrencies that could not fully enter the uptrend and stated that he is not yet convinced that it is a really suitable investment

The International Monetary Fund (IMF), in its blog post on cryptocurrencies, stated that lawmakers have difficulty in following crypto-focused risks and underlined that there may be risks especially for developing countries.

In the article in question, it was stated that the reactions to the Omicron variant caused rapid capital flows in the market, and this could have a destabilizing effect on the country’s markets in the absence of regulatory measures.

THE LATEST SITUATION IN CRYPTO COINS

While Bitcoin still continues at $ 49 thousand 180 from the level of $ 69 thousand about a month ago, the second rank Ethereum is in the band of $ 4 thousand.

BNB remains in third place and is trading at $563. Tether is trading at $1 and Solana at $170. On the other hand, Cardano in 6th place is trading at $ 1.35 and XRP from the most talked about $ 0.81.

Dogecoin, which started as a joke that attracted the attention of many people and reached a serious market value, is trading at $ 0.16, while Shiba continues to hold on to $ 0.000034. On October 28, the Shiba broke its historical record with $0.00008616.

GOOD NEWS FOR CRYPTO COINS

Bitcoin mining has completely escaped the Chinese crypto pressure that took more than half of the world’s miners offline earlier this year almost overnight.

China has been the epicenter of the world in this regard with its 65-75 percent mining interest. However, Beijing had effectively sent the country’s cryptocurrency miners out of the country in May.

But miners in China have reached the level of regrouping. “Bitcoin has resisted China’s government attack that effectively bans mining, and the network just ignored it,” said Kevin Zhang of Foundry, a digital currency company that helped bring over $400 million of mining equipment to North America.

IT WAS THINKING TO LONGER

The upward momentum in the hash rate could bode well for the price of the world’s most popular cryptocurrency, which dropped 30 percent last month. According to Brandon Arvanaghi, a Bitcoin mining engineer who runs Meow, the company that provides institutional treasury participation in crypto markets, China’s ban is considered a clear “buy” signal, as has previously been the case with Google and Facebook.

Texas Bitcoin miner and engineer Marshall Long, head of architecture at Bitcoin miner Rhodium Enterprises, told CNBC that he was somewhat surprised at the pace of recovery. “I thought we’d be here in late January, early February,” while others thought it would take longer than that, adding another six to twelve months to Long’s estimate.

According to Zhang, the rapid recovery of the Bitcoin network, the US becoming a new center for mining… On the other hand, Foundry CEO Mike Colyer said, “Large, public miners have been able to raise capital to make large purchases.”

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The prices of cryptocurrencies are constantly changing. The most important factor determining prices is the balance between supply and demand. If a product is in high demand, its price rises. Of course, it is necessary to consider the amount of supply here.

For example, oxygen is what we all need. However, it is unlimited and free as there is no need for an intermediary to obtain it. Let’s give the example of tomato. Tomatoes are produced at certain times of the year and in a certain amount. Therefore, it is a very demanding product. Since there is a limited number of products in demand, the price is determined according to the amount of supply. These evaluations are also valid for cryptocurrencies. For example, it would be a dream to expect the unit price of a coin with 100,000,000,000 units to be $ 100. For this to happen, real money must depreciate greatly.

We list the prices of all cryptocurrencies for you. You can examine quickly and easily from the table. Moreover, you can also examine the 24-hour changes. Data are sourced from external sources. For this reason, check the price of the coin you want to buy on the site you will buy.

The number of crypto exchanges is increasing day by day. Likewise, the number of crypto coins is increasing day by day. Therefore, the list will be updated periodically. In this way, you will be able to learn all crypto currencies prices you are looking for.

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