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Bitcoin, Ethereum, Dogecoin continue to slide




Bitcoin prices fell on Monday with the stock and bond markets closed for the Martin Luther King holiday.

The largest crypto by market value fell above 1% in afternoon trading, hovering around the $ 42,000 level.

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Ethereum and Dogecoin were also lower.

LIVE: KRYPTOCURRENCY RATES

Despite the ongoing volatility, digital currencies are expected to grow in acceptance this year as Bitcoin’s value remains far from the peaks just two months ago. The cryptocurrency fell by about 30% from an all-time high near $ 69,000 in November, and now technical indicators indicate that sales are beginning to stabilize.

Bitcoin traded down almost 1% early Monday morning, just over $ 42,800 per coin. (iStock)

One recently Visa examination of more than 6,000 participants in eight countries – Argentina, Australia, Brazil, Germany, Hong Kong, South Africa, the United Kingdom and the United States – found that almost one in three crypto-conscious adults already owns or uses cryptocurrency, and that the majority of it the group (62%) say that their use has increased in the last year.

Ticker Safety Last Change Change%
V VISA INC. 214.67 -0.33 -0.15%

Approximately 81% of the respondents expressed interest in cryptocurrency cards to use digital currencies at retailers, while 84% are interested in crypto rewards. Globally, 18% of survey participants said they would most likely or very likely switch primary banks to one that offers crypto-related products over the next 12 months.

“Crypto represents a technological shift for money movement and digital ownership,” said Terry Angelos, Visa’s global fintech chief, in a statement. “When consumers change their approach to investing, where they bank, and their outlook on money, any financial institution will need a crypto strategy.”

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