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Plenty of altcoins have also taken a beating. Dogecoin erased the breakneck gains of the week and then some, nearly halving its price after a meteoric climb last weekend. XRP is down 35% week-over-week, Stellar is down 30% and Polkadot is down 25% since last week.

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Because most cryptocurrencies aren’t regulated by national governments, they’re considered alternative currencies — mediums of financial exchange that exist outside the bounds of state monetary policy.
Can Bitcoin and altcoins sustain their bullish momentum or will profit-booking drag prices lower? Let’s study the charts of the top 10 cryptocurrencies to find out. .

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A number of figures have significantly impacted the cryptocurrency industry throughout its time. Satoshi Nakamoto kickstarted the sector with the creation of Bitcoin (BTC). Known for building Ethereum (ETH), Vitalik Buterin has also notably impacted the cryptocurrency movement. With Ethereum came a whole world of extra tokens built on its network called ERC-20 tokens.

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    As a result of the relationship between supply and demand, the price of a cryptocurrency can be manipulated to an extent. A concerted effort to match all the open orders on a particular crypto across several exchanges will create an artificial shortage.

    Copyright: © 2018 Phillips, Gorse. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
    As recently as May 2021, Binance was under investigation by the U.S. government for tax fraud and money laundering, according to reporting by Bloomberg.

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    McKinsey partner accused of insider trading on Goldman Sachs dealElon Musk offloads nearly $5bn in Tesla sharesWall Street banks generated $7.2bn in fees from rise and fall of GEGE closes a defining chapter in US corporate historyDoJ warns of impending corporate crime crackdown

    Cryptocurrency Prices Today: Bitcoin and Ethereum fall, Dogecoin sheds 4%Amitabh Bachchan's exclusive NFT collection auctioned for over Rs 7 croreElon Musk hails Dogecoin as ‘people’s crypto’Cryptocurrency prices today: Shiba Inu surges 20%, Dogecoin gains 17%What are meme coins, floki currencies and Dogecoin-killers?
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    ‘Wolf of Wall Street’ Jordan Belfort is urging people to pump his Twitter followers and Dogecoin

    Regulation across borders has to keep up with the rapidly advancing pace of cryptocurrency development. Due to the decentralized nature of cryptocurrencies, this is a complex matter, with international disagreement ranging from the legitimacy of currency status, or even whether they should be made illegal.
    SafeMoon captured attention from the get-go. Its name evokes a prudent form of the “to the moon” mantra embraced by crypto crowds looking for prices to burst straight up.

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In the meantime, the Indian government is considering a middle path on cryptocurrencies, as it finalises legislation on the virtual asset to be introduced in the upcoming winter session of Parliament. The hard-line stance for an outright ban of cryptos is not being found feasible in view of large investments in such instruments by Indians, and these unregulated virtual currencies are also unlikely to be allowed as a legal tender.

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The world of cryptocurrencies can be a tricky field to navigate for the uninitiated.

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It hasn't yet been recognised by the major cryptocurrency sites such as Coinbase but why did it get so popular?

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In an inflationary environment, assets like Bitcoin appear more attractive to investors. The BTC price rallied to a new all-time high on Wednesday.

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