Crypto Price Today 15 March 2022: Bitcoin Begins to Strengthen

Crypto Price Today 15 March 2022 Bitcoin Begins to Strengthen

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The price of Bitcoin and some of the top cryptocurrencies were seen experiencing mixed price movements, Tuesday morning (15/3/2022). Several cryptocurrencies have managed to strengthen in the midst of a weakening majority market.

Crypto

Based on data from Coinmarketcap, Tuesday morning, the crypto with the largest market capitalization, Bitcoin (BTC) rose 0.88 percent in the last 24 hours and 2.48 percent in the week.

Bitcoin

Currently, the bitcoin price is at the level of USD 38,990.30 per coin or equivalent to IDR 559.2 million (assuming an exchange rate of IDR 14,344 per US dollar).

Ethereum (ETH) as the largest crypto is unfortunately still weak. In the last 24 hours, ETH weakened by 0.24 percent. However, managed to strengthen 2.29 percent in the week. With that said, ETH is currently at USD 2,557.51 per coin.

The next cryptocurrency, Binance coin (BNB) this morning is still weak. In the last 24 hours BNB weakened by 0.51 percent and 3.67 percent in the week. That leaves BNB at USD 367.94 per coin.

Meanwhile, Cardano (ADA), which had strengthened yesterday, is now weakening again. ADA fell in the past day by 0.07 percent and 0.33 percent in the week. Thus, ADA is at USD 0.7988 per coin.

Meanwhile, Solana (SOL) which managed to strengthen in the last one day was 0.83 percent. But still weakened 2.45 percent in the week. Currently, the price of SOL is at the level of USD 80.25 per coin.

XRP also weakened in the past day by 1.60 percent. However, it managed to strengthen 6.31 percent in a week. That way, XRP is now priced at USD 0.7709 per coin.

Terra (LUNA) after being weakened, is now strengthening again in 24 hours by 5.60 percent and 19.26 percent in a week. Currently LUNA is priced at USD 92.64 per coin.

Tether

Stablecoins such as Tether (USDT) and USD coin (USDC), both experience different price movements today. In the past day, USDT was down 0.01 percent. That way, USDT is at the level of USD 1.00.

While USDC strengthened 0.01 percent in the last 24 hours, but the price is still down at the level of USD 0.9999.

Freelancers in Argentina Get Paid Using Crypto

Crypto Price Today 15 March 2022 Bitcoin Begins to Strengthen

Previously, in Argentina it was booming. Correspondingly, crypto is an attractive payment method used to pay freelancers compared to traditional financial systems, reported by Bitcoin.com, Monday, March 14, 2022.

A report entitled “State of Global Hiring 2021” by Deel, a global hiring firm, has found Argentines, and Latin Americans in general, are increasingly focused on international companies and jobs.

The report explains that this is likely the result of a downturn in the local economy and jobs due to the side effects of the Covid-19 pandemic.

However, today many international companies employ more Argentineans than ever before. This has resulted in an increase in the wages of Argentineans in the last six months, who earn 21 percent more by working in the marketing, product and sales sectors.

The most widely used cryptocurrency for global withdrawals is Bitcoin, with 63 percent of transactions using it, according to a Deel report. Ethereum is in a distant second place, being present in 23 percent of the withdrawals made. USDC, Solana, and Dash are also used marginally.

While other countries have different legal situations, in Argentina, accepting cryptocurrencies has been a lifesaver for many freelancers, helping them maintain their purchasing power in a more effective way.

These freelance platforms, along with cryptocurrencies, are also said to open up a new market for such workers, who can now be employed on a global level with simplified payment processes.

Argentina is currently trying to regulate and control digital wallets, as its central bank proposes to strengthen the steps that should be taken by service providers such as Mercado Pago and Uala regarding the KYC process.

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