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World's largest cryptocurrency Bitcoin was trading over 7% higher today. The price of Bitcoin rose 7.34% to $66,119 on Coinmarketcap. Market cap of the cryptocurrency reached $1,252.44 billion.
Last Tuesday, Squid was trading at just 1 cent. In less than a week its price had jumped to over $2,856.
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If buyers sustain the price above $67,000, the BTC/USDT pair could pick up momentum and accelerate to the next target objective at $75,000. A break and close above this resistance may open the doors for a possible rally to $89,476.12.
If they succeed, it will suggest that the break above the downtrend line may have been a bear trap. The ADA/USDT pair could then drop below the moving averages and retest the critical support at $1.87.
Stilt How It Works About Blog Support Reviews Log In Get Started How to Buy Safemoon Posted by Frank Gogol
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Bitwise’s chief investment officer explained why the firm has decided to drop its Bitcoin futures ETF and focus on the spot Bitcoin ETF.
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4JNET will thus pay a higher service charge than late investors, but all transactions will see a percentage being distributed and another part being sent into liquidity pools. This will stabilize the price of the asset, notwithstanding if selling pressure is high.
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Douglas Horn, the chief architect of Telos, told Business Insider that they kept away from marquee investors because they didn’t want to create any big whales that could influence the price of the TLOS token.