Steve Wozniak believes that a large number of cryptocurrencies are emerging every day, which is eroding the credibility of the sector. He is concerned about several crypto projects. Steve is more concerned about altcoins. According to U.Today, Steve says a lot of cryptocurrencies are coming out. Everyone has their own way of creating something new and together there is a celebrity star. Looks like they are just collecting money from people.
However, this is not the first time that Wozniak has spoken about the crypto sector. In November last year, he said that the ‘untraceable’ nature of crypto needed a solution.
Talking about the cryptocurrency market, the second week of March is not proving to be good for the crypto market. On Monday, there was a decline of 2.20 percent in the value of bitcoin (Bitcoin latest value). At the time of writing the news on the Indian exchange CoinSwitch Kuber, the price of BTC was $39,398 (approximately Rs.30 lakh). On international exchanges such as Binance and Coinbase, the price of bitcoin was down by over 2.12 percent, and was trading at around $37,784 (approximately Rs 29 lakh). The price of bitcoin remained mostly around $45,000 (about Rs 34.5 lakh) last week.
With the fall in Bitcoin, almost all other cryptocurrencies are also trading with losses. The invasion of Ukraine was launched by Russia on 24 February, and the war has been going on since then. In addition, the recent peace talks between the two countries have also failed.
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