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Cryptocurrency is an exciting concept with the power to fundamentally alter global finance for the better.

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Bitcoin’s surge to $69,000 took bears by surprise and cemented bulls expected $400 million profit at Friday’s $1.2 billion options expiry.
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On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%.

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    Cryptocurrencies and decentralised finance tokens are also highly volatile, so your cash can go down as well as up in the blink of an eye.

    But even this kind of pullback could not kill the inherent uptrend and in one of our previous reports, we mentioned that a breakout above $62,500 was required for BTC to resume strength.
    Billed as the mother of all cryptocurrencies, Bitcoin which is a decentralised digital currency was created by someone called Satoshi Nakamoto (possibly a pseudonym) in 2009. As with most cryptocurrencies, Bitcoin is without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a Blockchain, according to IANS report.

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    This follows the launch of new Bitcoin futures Exchange-Traded Funds (ETFs) in the form of ProShares Bitcoin Strategy ETF, as well as similar moves from Valkyrie and Van Eck.

    But how high will Bitcoin go? Bitcoin’s past may provide some clues, according to Kiana Danial, author of “Cryptocurrency Investing for Dummies.”
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    An early-morning error led to the value of Bitcoin dropping nearly 87 percent on Binance's crypto exchange.

    Bitcoin price skyrocketed to USD 67,803 and Ether price has gone up to USD 4,825 in the Asian trade market. Both cryptocurrencies have more than doubled since June and added nearly 70 per cent against the dollar since the start of October. While Bitcoin has a market capitalisation of USD 1 trillion, Ether is the second-biggest cryptocurrency by market value, the Reuters report said. Also Read - Diwali, Dhanteras Investment Tips: Check Top Cryptocurrencies Other Than Bitcoin
    One of the most valuable assets a cryptocurrency can have is an active, engaged community which is fully on board with the team’s vision.

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    Its Facebook page states: "Remember, getting to the moon takes time and the longer you hold the more tokens you pick up."

    Brooks suddenly joined Bitfury in August Binance US has ended Only 3 months after work. Binance US is an affiliate of the vast Binance Cryptocurrency Exchange, which is under severe pressure from major regulatory agencies around the world.
    Brits are being warned they risk losing all of their money if they invest in bitcoin and other cryptocurrencies.

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Safemoon crypto recently began to spike in price after the developers announced a new cryptocurrency wallet. The Safemoon digital currency wallet is coming soon and the project has been heavily advertising it. With this extra string in its bow, many are rushing to invest in the native Safemoon altcoin.

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Elon Musk changes his Twitter name to 'Lorde Edge' - and some users see it as a nod to dogecoin

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Collectively, newer emerging coins are making their presence felt in the crypto industry. Enthusiasts are expecting SafeMoon to rebound from its current levels, and follow a similar rally like that of SHIB. Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Avalanche, Polygon, and Axie Infinity To Dethrone These Three Altcoins From Top 10! With‌ ‌Parachain‌ ‌Auctions‌ ‌on‌ ‌the‌ ‌Horizon,‌ ‌Will‌ ‌Polkadot‌ ‌Price‌ ‌Surge‌ ‌Around‌ ‌30%?‌ ‌ Quick Updates on latest trends in financial services, fintech, digital strategy and more with our industry leading Fintech Channel.

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Any claims that a particular cryptocurrency confers total anonymity or immunity from legal accountability are worthy of deep skepticism, as are claims that individual cryptocurrencies represent foolproof investment opportunities or inflation hedges.

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