This breakout happened in the recent weekend and consequently the uptrend resumed and Bitcoin is now on way to challenge its previous life high yet again.
The co-founder of Reddit to partner on $100 million investment to build social media on the solana blockchain
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NEW YORK (AP) — A cryptocurrency company launched by partners of a major Wall Street trading firm said Tuesday that it has snagged the support of billionaire investor Steven A. Cohen, as big names from the traditional financial world continue to embrace the industry surrounding crypto.
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Hank Wyatt, SafeMoon’s vice president of research and development, said in a Discord chat that the team will eventually “host an open beta” version before releasing the full application.
4JNET’s team are big proponents of the HODL theme that is often echoed through the cryptocurrency market. History has proven that there is no better way to make the most returns than holding digital assets for number of years. Thus, 4JNET is designed with this proven theory in mind.
For instance, whereas a government can easily freeze or even seize a bank account located in its jurisdiction, it’s very difficult for it to do the same with funds held in cryptocurrency — even if the holder is a citizen or legal resident.
People can also borrow crypto assets on various platforms and earn interest for loaning out assets. This niche of the cryptocurrency space is what is known as decentralized finance, or DeFi. Based on the DLT, various platforms facilitate the lending and borrowing of crypto without requiring the user to submit to the control of a centralized entity. DeFi also includes other aspects as well such as decentralized exchanges, or DEXs.
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Among those who called it, hedge fund manager Mark Dow wrote almost exactly a year ago about his decision to short bitcoin after future trading on it first began:
Hank Wyatt, SafeMoon’s vice president of research and development, said in a Discord chat that the team will eventually “host an open beta” version before releasing the full application.
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.
The long tail on Solana’s (SOL) Nov. 8 candlestick shows buying at the centerline of the ascending channel. However, the bulls could not build on this advantage as strong selling at higher levels pulled the price below the centerline on Nov. 9.
Bitcoin price has been consolidating for more than ten days and shows no signs of a directional bias. BTC collected liquidity and could be primed for a move lower. For now, the altcoins are showing strength as BTC coils up. If BTC crashes, altcoins are bound to take a hit.
Before you trade money for crypto, you’ll need to deposit — and when you sell, withdraw — U.S. dollars into and out of your Binance.US account. The fees for this are minimal, especially if you transfer from your bank account using ACH.