Crypto Winter is not a distraction for investors


Jakarta, duniafintech.com – Today’s crypto news is discussing the phenomenon of cryptocurrencies in winter or the Indonesian winter.

Recently, the results of a recent study showed that the crypto winter had no effect or trapped investors’ interest in investing in digital currency.

From the results of the survey, this phenomenon does not have a significant impact. For more details, let’s take a look at the results of the survey reviewed in today’s cryptocurrency news.

Crypto Winter does not distract investors from investing

Although the value of the digital currency Bitcoin has fallen by more than 60 percent from its peak, the current crypto winter has not dampened interest in buying the digital currency.

I mentioned from CNBCYesterday (7/9/2022) Yesterday, according to a survey conducted by PYMNTS and BitPay titled “Paying with Cryptocurrencies” in August, about 56 percent of consumers said they are at least interested in buying cryptocurrencies next year.

Nearly 42 percent of millennials say they are very likely or very likely to buy crypto by 2023. For Generation Z, that number drops to about 26 percent of the amount.

Read also: Cryptocurrency News Today: Investing Interest Rise, Security Testing More

While nearly 50 percent of respondents were motivated by the possibility of making money from their crypto investments, about 15 percent of respondents said the fear of getting lost drove their decision to invest in cryptocurrencies.

The chief operating officer of Quantfury, a global trading broker that provides spot exchange rates on global exchanges and cryptocurrencies, said investors remain positive about Bitcoin and other cryptocurrencies as they remain flexible in the market.

“Moreover, confidence in the underlying blockchain technology continues to fuel investor optimism about the future adoption of cryptocurrencies,” said Smith Bryan.

Today's Crypto News

Many People Use Crypto Payments – Cryptocurrency News Today

While many people hope to benefit from their cryptocurrency holdings, many want to be able to use them to make purchases as well.

According to Checkout.com’s “Demystifying Cryptography” report cited by Liputan6.comAbout 40 percent of people between the ages of 18 and 35 plan to use cryptocurrencies to pay for goods and services this year.

Read also: Cryptocurrency News Today: Thousands of crypto players from 52 countries gather in Bali, to discuss what?

Currently, fluctuations in the value of different forms of cryptocurrency, such as Bitcoin and Ethereum, make it difficult to use them as a means of payment.

However, stablecoins, which are cryptocurrencies whose value is tied to the price of other assets such as gold, can provide consumers and retailers with the price stability they are looking for.

Cryptocurrency prices Wednesday, September 7, 2022- Cryptocurrency news today

Previously, the bitcoin price experienced another correction on Wednesday, September 7, 2022, trading yesterday. The majority of top-tier cryptocurrency prices are shown in red.

Based on Coinmarketcap data, Wednesday (9/7/2022), the cryptocurrency with the largest market capitalization, Bitcoin (BTC) has declined in the past 24 hours.

Bitcoin prices fell 4.4 percent. Meanwhile, the price of bitcoin over the past week has fallen by 4.97 percent. The bitcoin price is currently $18896.30 or about IDR 281.48 million assuming an exchange rate of IDR 14,896 per US dollar.

Likewise, Ethereum (ETH) is moving in the red. In the past 24 hours, the price of Ethereum (ETH) has fallen by 0.40 percent. In the past week, the price of Ethereum increased by 2.45 percent. Now, the price of Ethereum is at $1,575.07 or around Rs 23.46 million.

Then the price of the binance coin (BNB) also struggled in the red for the past 24 hours. BNB prices fell 3.97 percent. During this week, the price of BNB fell by 6.24 percent. At the moment, the price of BNB is $264.74, or about 3.93 million rupees.

Moreover, the price of XRP has also been slow in the last 24 hours. The price of XRP decreased by 2.31 percent. In a week, the price of XRP shrank by 1.52 percent. Now, the price of XRP is $0.3234.

The price of Cardano (ADA) is down 6.35 percent in the last 24 hours. Cardano is priced at $0.465. During this week, the price of Cardano is up 2.79 percent.

Meanwhile, solana (SOL) price is currently in the red. Solana prices fell 3.3 percent in the past 24 hours. During the week, Solana’s price was down 1.62 percent. Currently, solana is priced at $31.05.

Moreover, the price of Dogecoin (DOGE) is also in the red. Dogecoin price is down 5.32 percent in the last 24 hours. During this week, the price of Dogecoin decreased by 4.11 percent. Now, the price of Dogecoin is 0.05923 USD.

Stable coins like Tether (USDT) have been in the red for the past 24 hours. During the week, cable prices fell 0.01 percent. Currently, the price of the rope is in the position of 1.00 USD.

The price of the US Dollar (USDC) increased by 0.01 percent in the last 24 hours. In the week, the price of USDC increased by 0.02 percent.

On the other hand, the price of Binance in US dollars (BUSD) has strengthened to the extent of 0.02 percent in the past 24 hours. During the week, the price of BUSD increased by 0.04 percent. Now, the price of Binance USD is at $1.00.

This is today’s cryptocurrency news review. We hope this information is useful to you.

Read also: Cryptocurrency News Today: Indonesian Crypto Investors Reach 29.8 Million!

Read on for the latest Indonesian fintech and crypto news only at Duniafintech.com.

Author: Contributor / Shuhada Banji A



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