While Bitcoin and the main cryptocurrencies retreat, Dogecoin increases after Tesla announcement this January 14 – DiarioBitcoin

For Angel Di Matteo @shadowargel

Elon Musk’s announcement had a very positive effect on the price of Dogecoin, with which the currency increased this January 14 while Bitcoin and other market exponents are down this morning.

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Bitcoin and major altcoins down this January 14

We open our price report for the morning of January 14 reviewing the evolution seen in the price of Bitcoin (BTC), main digital currency, which is going down this morning registering a fall of 3.63% in the last 24 hours, trading at the time of publication at about USD $42,115 per unit.

According to data published in our section CryptoMarkets It can be seen how the price of Bitcoin has been falling progressively since the morning of January 13, since after reaching USD $44,000 per unit, it began its downward path, which was pronounced in the early hours of the morning and led to the digital currency at prices close to the USD $42,000 barrier.

Bitcoin price evolution this January 14
Bitcoin price evolution this January 14

Major altcoins are also down

The drop seen in the price of Bitcoin was not only present in the price of the main digital currency, since for the morning of this January 14 we also have that the main altcoins are going down following the same path.

In this sense, the cases of currencies such as Ethereum (ETH), Solana (SOL), Cardano (ADA), XRP, Terra (LUNA), Polkadot (DOT), Avalanche (AVAX), Shiba Inu (SHIB), Polygon (MATIC) and many others, which register falls between 3% and 7% at this time.

Dogecoin increases after announcements of Tesla

However, the above does not apply to the iconic memecoin of the digital currency ecosystem, Dogecoin (DOGE), which defies the trend seen among the main exponents of the market and is on the rise this morning with gains of 9.4%, trading at the time of publication at about USD $0.188 per unit.

On this occasion, the increase seen in the price of Dogecoin is directly associated with an announcement recently made by the CEO of Tesla Y SpaceX, Elon Musk, who revealed that the cryptocurrency will be accepted by the electric car manufacturer for the purchase of certain items such as souvenirs and decorative objects with its logo, instead of the iconic cars manufactured by the company.

Although this does not yet imply that the digital currency can be used to purchase the company’s vehicles, many enthusiasts and analysts describe this as the first step before reaching that point. The news received many positive reactions from enthusiasts and fans of the digital currency, who congratulated the measure and also made visible the increase in the price of DOGE for the morning of this January 14.

As an important point, what happened perfectly serves to make visible how volatile and emotional this market can be when there is an especially positive (or negative) announcement involving certain digital currencies. The invitation is to operate with caution and take measures to take advantage of the fluctuations seen, as well as to mitigate losses in the event of a setback.

Winners and losers for this January 14

Finally, below we review which were the digital currencies with the most pronounced fluctuations for today’s morning:

To buy cryptocurrencies through DailyBitcoin

If you are one of those who sees opportunities and wants to acquire cryptocurrencies at this time of special evolution, we remind you that our section CryptoMarkets already has buttons so you can buy your favorite digital currencies.

If you want to purchase Bitcoin (BTC), prefer to buy Ethereum (ETH) or want to get some Tether (USDT), You just have to go to our page CryptoMarkets and click the buy button. We recommend everyone to be very attentive as this possibility will be incorporated soon for a greater number of digital currencies.

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Fountain: CryptoMarkets, CoinMarketCap

Picture of Unsplash edited with Canva

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While Bitcoin and the main cryptocurrencies retreat, Dogecoin increases after Tesla announcement this January 14 – DiarioBitcoin

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