Bitcoin price LIVE – Ethereum, Dogecoin, and Solana up as cryptocurrency market jumped during market surge

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BITCOIN, Dogecoin, and Solana are bouncing back after a massive crash in recent days, with some experts especially bullish on Bitcoin’s potential.

Some experts think the cryptocurrency could hit a target value of $100,000 despite Bitcoin‘s recent vulnerability and the doubt now surrounding it.

Hong Fang, the CEO of cryptocurrency exchange OKCoin, recently told CNBC: “I still believe that the 100,000 price point is reasonable.

She added: “The timing can be a bit elusive because we are at the mercy of market dynamics.”

Fang didn’t give a specific date on when she thinks the Bitcoin price will surge to the $100,000 mark.

Goldman Sachs previously suggested that Bitcoin could reach the staggering value this year.

Bitcoin’s recovery has also seen it pull away from the dreaded “death cross” — an investor indicator that can spell disaster.

Read our Bitcoin live blog for the latest news and updates…

  • Alexis Ohanian on co-founder of Ethereum, Vitalik Buterin

    “Thanks to Reddit’s r/Ethereum community, I’ve had the privilege of following Vitalik Buterin’s career from early on, which is why I’ve taken a certain pride in watching his legacy grow,” Ohanian wrote of the programmer.

    “Sure, we can talk about the value he’s created as the platform’s co-founder, including Ethereum’s impressive market cap of around $400 billion, the dazzling world of decentralized apps and this year’s boom in the trading of NFTs.”

    “What makes Vitalik so special, though, is that he is a builder’s builder.”

  • Co-founder of Ethereum named a TIME100 most influential person

    One of the co-founders of Ethereum, Vitalik Buterin, was named one of Time magazine’s 100 Most Influential People of 2021.

    Former executive chair of Reddit Alexis Ohanian praised him in a write-up for the piece.

  • Fake websites and crypto

    One fairly widespread scamming technique involves websites that appear to be a new cryptocurrency mining operation or investment opportunity.

    The sites encourage investors to wire in money, sometimes offering investment “tiers” and promising greater returns.

    But when users attempt to withdraw their cash, they are unable to and told to input even more cryptocurrency.

  • Crypto scams and dating apps

    Some cryptocurrency scam operations have started using dating apps to reel in potential targets.

    In some reports, scammers pose as a long-distance love interest sharing a hot new cryptocurrency opportunity.

    About 20 percent of the money lost through dating scams in the last year reportedly involved cryptocurrency.

  • What is the Metaverse? continued

    Meta’s VR boss Andrew Bosworth said: “The metaverse is a set of virtual 3D spaces where you can share immersive experiences with each other when you can’t be together.”

    “What comes after the internet? Instead of looking at a screen, you get to be in the experiences.

    “You don’t have to experience it in VR. Most people initially will experience it on screens they already have.”

    Facebook’s Mark Zuckerberg called it “the next version of the internet,” and predicted the true metaverse will be ready within the decade.

  • What is the Metaverse?

    The Metaverse has a broad definition. It is an internet, but it is immersive – so you live within it.

    The platform will have games, social networks, videos, shopping, health and fitness and more.

  • How to create, buy and sell NFTs, part three

    Buying an NFT, like any collectible, is a risky bet on the value going up.

    If there is no demand for the NFT you buy, then you could end up paying a large amount for something that declines in value or that you cannot sell.

    NFTs are still a new market so there is unlikely to be the same demand you will find for other physical items such as trading cards, art, or classic cars.

    You could also create your own NFT but there is no guarantee of a buyer and you could end up wasting your time and money.

    Like Bitcoin, you can buy and sell NFTs on specialized online marketplaces.

  • How to create, buy and sell NFTs, part two

    If you’ve chosen Ethereum as your blockchain, here’s what you’ll need to mint your NFT.

    First sellers will need an Ethereum wallet, such as MetaMask, Trust Wallet or Coinbase Wallet.

    Next you will need around $50-$100 in ether.

    Once you have these, you can connect your wallet and upload the music, image, or file that you want to turn into an NFT.

  • How to create, buy and sell NFTs

    NFTs are tradable, unique items that have taken the internet by storm in recent months.

    Some of the virtual assets have sold for millions of dollars, but most people still have no clue what they are – or where you can buy and sell them.

    To create an NFT, you need to choose what to create — from artwork, music, collectibles, digital trading cards, movies, video footage, and more.

    Then choose which blockchain you want to issue your NFT on and get ready to sell.

  • Major meme coins, part 2

    Another dog meme that has picked up traction this year has been Saitama inu, whose logo appears to feature a wolf surrounding a human face.

    “Tokens like Shiba Inu, Dogecoin and newest gainer Saitama are all a part of the evolution of digital finance in their own unique way,” Chris Kline, chief operating officer and co-founder of Bitcoin IRA, recently told The Sun.

    Separately, Tiger King is a meme coin that has picked up strong momentum off the past month, which is based on the popular Netflix series.

  • The major meme coins

    The surge of the meme coins this year all started with Dogecoin.

    That was then followed by Shiba Inu, which both feature the same dog breed in their logos.

    The image became a popular internet meme called doge, and it features the dog surrounded by text in the comic sans font with words like “much wow.”

    Both Shiba and Dogecoin have been popular dog meme coins this year.

  • What are meme coins?

    meme coin typically gains off a social media or an internet-based joke.

    It all started with GameStop and AMC earlier this year, when a Reddit mob trolled short-sellers by driving up the prices of those stocks.

    The memes then spread over to cryptocurrencies – and there are now a few major ones today.

  • How to check for blockchain scams

    Cryptocurrencies operate on blockchain networks.

    Scammers often claim their blockchain is “in development” or “about to be released,” but all legitimate cryptos will have an accompanying website to verify the currency.

    Users can type the name of the crypto into any search engine with the phrase “blockchain explorer” or “blockchain scan” to find the connected blockchain, if it even exists.

  • What is a blockchain?

    A blockchain is where encrypted data can be transferred securely, making it nearly impossible to duplicate or counterfeit.

    This ledger is the foundation of any cryptocurrency transaction.

    The cryptocurrency allows people to trade currency or assets digitally outside of any government or bank.

  • El Salvador adopts Bitcoin, continued

    However, those who do not have access to technologies that can carry out Bitcoin are excluded from being required to accept it.

    The US dollar and Bitcoin are now the country’s official currencies.

    It’s the first time Bitcoin has been adopted as a legal tender in a sovereign nation.

  • El Salvador adopts Bitcoin

    The nation’s president Nayib Bukele passed a bill in June that stated that from September 7, Bitcoin can be used in any transaction and all businesses must accept the e-currency as payment.

    The law also states that tax contributions can be paid via Bitcoin and exchanges in the cryptocurrency will not be subject to capital gains tax.

    Under the new law, El Salvador will “promote necessary training and mechanisms so that the population can access [Bitcoin] transactions.”

  • Man loses $1.6million, part three

    The app demanded $1.5million from the victim and threatened to freeze his account if he didn’t pay.

    “I go look on the FBI site and lo and behold, there’s this public alert about this type of scam,” he told the news outlet. “I’m 52, my entire life savings, gone in a matter of a month.”

    The common scam, which involves meeting someone on a dating app, depositing money into a fake investment app (which is constantly changed, renamed or deleted) then losing it all, is called the “Pig Butchering Scam,” KMGH-TV detailed.

  • Man loses $1.6million, part two

    The man said he successfully deposited funds into the account, including money from his retirement accounts.

    He was reportedly able to withdraw cryptocurrency too, until he attempted to take out more.

    A “customer service agent” with the app told him “you need to repay the loan before you can withdraw cash from your account,” KMGH-TV reported.

  • Man loses $1.6million in scam

    A man says he lost his life savings in a scheme dubbed the “Pig Butchering Scam.”

    The 52-year-old told Denver ABC affiliate KMGH-TV that he met a woman on a dating app who appeared to have similar interests to him.

    The conversation turned to cryptocurrency, something he’d made about $70,000 on in a few years.

    The man told the news outlet that the woman he fell for online convinced him to invest on a mobile and web app that seemed legitimate to the software engineer.

  • Can you trade crypto on Robinhood?

    Unlike most of its discount rivals, Robinhood offers 24/7 crypto trading through its platform.

    That means you’ll have access to trade major cryptocurrencies including, DogecoinEthereum, and Bitcoin.

    Its crypto investors can buy or sell with a market order, which means it’s executed at the current market price.

  • Risks of Robinhood, part three

    In July, the platform was also ordered to pay nearly $70million in fines and compensation for misleading customers and outages.

    If you are seeking a discount broker and are looking to open an IRA account, you can check out the following platforms: Vanguard, FidelityTD Ameritrade, Merrill Edge, among others.

  • Risks of Robinhood, part two

    For investing individual stocks, make sure you check company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decisions for your money.

    Another risk when choosing Robinhood along with other brokers is that they can restrict trading when there’s unusual activity.

    In fact, Robinhood faced some outrage earlier this year when it restricted trading on meme stocks including GameStop and AMC.

  • Risks of Robinhood

    When it comes to risks, investing alone is one because you’re not guaranteed to generate a profit and the value of your assets could fall.

    If you’re choosing Robinhood so you can trade stocks and cryptocurrencies – then the game gets even riskier.

    Cryptocurrencies are not only difficult to understand but even tougher to predict when bearish trends in the market will take place.

    For example, cryptocurrency was thriving this year up until Elon Musk said that Tesla was halting the acceptance of payments in Bitcoin.

  • What is Robinhood? Continued

    Unlike many discounted brokers, the company does not offer individual retirement accounts.

    The bulk of Robinhood’s revenue comes from order flow.

  • What is Robinhood?

    The Robinhood platform operates as a discounted brokerage that offers commission-free trading.

    Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including American depositary shares), and options.

    You can also trade Robinhood’s stock thanks to the company recently going public at a $1.2billion valuation.