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If this type of extreme drop bothers you, you may have too much riding on your crypto investments. You should only invest what you’re OK losing. But even if the drop is making you rethink your crypto allocations, the same advice still stands — don’t act rashly or upend your strategy too quickly. Reconsider what you might be more comfortable with going forward, such as allocating less to crypto in the future or diversifying through crypto-related stocks and blockchain funds rather than directly buying crypto (though you should still expect volatility when cryptocurrency markets fluctuate).
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“One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off,” Binance.US said in the statement. “We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved.”
Currently, the global crypto market cap stands at $2.87 trillion, an increase of 4.70%. Other cryptocurrencies were also trading in the green.
The cryptocurrency has continued to rise and fall as other global administrations and regulators mull legislation to curb increased crypto activity often attributed to laundering and crime.
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Even though many coins are on an uptrend, Bitrise is worth considering as thousands of Shiba Inu and Safemoon holders have joined since its release.
Disclosure: At the time of writing, the author of this feature owned BTC and ETH.
Cook didn't specify which coin he owns, like bitcoin or ethereum, but he said Tuesday that the space is something he's been interested in for a while.
For many people, crypto is a type of alternative investment. Just as you can buy and trade stock in public companies, you can buy cryptocurrency with the hope that it will increase in value over time, allowing you to cash out for a profit at a later date. Some people invest in crypto less for the belief that it will become a popular currency and more as a bet on the blockchain technology behind it.
Brooks will replace Bitfury’s founder, Valery Vavilov, as the company’s “Chief Vision Officer” and will be responsible for developing new projects.
Binance CEO Changpeng Zhao insisted that the long-term pay-off will be worth any compromise.
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
ITV Good Morning Britain flooded with complaints to Ofcom over Dr Hilary and Richard Madeley chat
SafeMoon is not yet listed on Coinbase or Binance. However, the currency does hope it will achieve this in the future.
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