We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
Dogecoin price slump continues after Doge co-founder slams cryptocurrencies as 'scam' and China clamps down on crypto mining
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The supply of a cryptocurrency depends on how many new coins are being mined and how many current owners want to sell their coins.
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Cryptocurrencies like Bitcoin have traditionally had little price correlation with the stock market in the United States, so owning some can help diversify your portfolio. If you believe that cryptocurrency usage will grow in popularity over time, it's probably a good idea to invest in crypto as part of a balanced portfolio. Make sure you have an investment thesis for each cryptocurrency you buy. This will help you understand why the currency will stand the test of time.
Yet tales of meme-coin holders becoming millionaires have attracted new waves of retail investors to crypto — along with a growing number of nefarious players. In May, the Federal Trade Commission tallied a record number of crypto investment scams, with Americans’ losses totalling around US$80 million since October.
This saw Bitcoin prices tumble to below $30,000 in a dramatic plummet from its soaring success.
The cryptocurrency investment giant has also seen “massive” options volume as gold takes a fresh beating and institutions seek Bitcoin exposure.
"After hitting fresh milestones and hitting new ATH’s backed on the US CPI Inflation figures for October, traders began to book profits," it added. "Such corrections do not seem to be a major cause of concern just yet."
Polkadot has increased more than 9 percent in the last week. It is trading at $52.87.
Binance.US currently supports desktop and mobile-based web access upon initial launch, with the promise to provide app version down the road. No matter what type of client is served, the platform guarantees access to the Binance’s matching engine which supports up to 1,400,000 orders per second.
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They allow users to store cryptocurrencies, make online or in-store purchases, and track their finances.
In late July, Elon Musk said Tesla was "most likely" to start accepting bitcoin as payment again. The comment helped the cryptocurrency race past the $30,000 level.
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