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Bitcoin’s price spiked above its previous record high of $67,700 seen in late October on Tuesday morning in a continued surge of support for the world’s most popular cryptocurrency.

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An asset that depends vigorously on the fundamentals of supply and demand is known to go far. The news about SafeMoon has been spread all over the world. As more people will get on its radar, the more individuals will put investment into it eventually. The worth of crypto overall has been consistently going up for quite a long time. And as Manward Financial Digest author Andy Snyder anticipated toward the start of this year, crypto’s worth is simply going to rise.
CPI gained 0.9% in October, higher than the estimated 0.6%. The reading marks an acceleration from the 0.4% gain seen in September. .

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Bitcoin hit an all-time high of $68,530.34 early Tuesday, according to CoinMarketCap. That's just a few weeks after it hit a previous high of nearly $67,000 before sliding as much as 12%.

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“I like the word ‘moon,’ because that’s where I want it to go,” Portnoy said in his purchase announcement.
In Bhambhwani et al. (2019), we challenge the perception that cryptocurrency markets are simply plagued with bubbles and speculative trading by identifying two key blockchain measures that affect cryptocurrency prices. Specifically, theory suggests that the trustworthiness and the transaction benefits of a blockchain are important determinants of cryptocurrency values. Pagnotta and Buraschi (2018) link trustworthiness to the computing power devoted to the blockchain. Biais et al. (2018) link transaction benefits of a cryptocurrency to the size of its network.

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    One follower recommended meme coin Dogecoin, in response to which Karony said that he is also a fan and they are “working on implementation.” Others requested stablecoin Tether, while yet another follower requested a feature that warns users if they are about to transfer funds to “flagged scam BSC or ETH addresses.”

    A NEWLY launched cryptocurrency DogeZilla has exploded out of the gate – and some are wondering if this will be the next meme coin of preference.
    The first thing to note is that Safemoon is not currently listed on any major cryptocurrency exchanges such as Binance or Coinbase. Due to this, the amount of liquidity is relatively low, meaning that technical analysis isn’t as accurate as digital coins with high liquidity. The low liquidity of Safemoon means that large buy orders tend to boost price significantly – which, in turn, leads more people to buy into the ‘hype’.

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    The cryptocurrency has continued to rise and fall as other global administrations and regulators mull legislation to curb increased crypto activity often attributed to laundering and crime.

    U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
    A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS.

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    You can think of the liquidity pool as a body of water that people are constantly taking from and adding to. If the pool is the size of a bucket, even a few cupfuls in or out affect how much water is left, and therefore how much you pay for it. If the pool is the size of a lake, even thousands of cupfuls in or out have no measurable effect on the water level in the lake.

    U.S. Dollar Index (DX) Futures Technical Analysis – Reaction to Test of 93.800 Early Wednesday Sets Tone
    — Binance.US also hired a former House Financial Services aide and a former House chief of staff from Ice Miller Strategies to lobby on its behalf, according to disclosures filed last week. Though the company has not previously hired lobbyists in Washington, last August it joined the Blockchain Association, an industry lobbying group that was a vocal player in negotiations over cryptocurrency tax provisions in the bipartisan infrastructure bill and that has spent nearly $300,000 on lobbying in the first half of 2021.

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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.

    A news story claiming Walmart would accept cryptocurrency Litecoin was fabricated, the retail giant says.
    It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.

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Some mainstream companies also view blockchain technology itself with interest, evaluating various uses such as supply chain. The future of cryptocurrency and its associated technology appears bright, judging by the growth and adoption that has been seen since 2008 when Nakamoto published the framework for a little asset called Bitcoin.

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"My advice to mainstream investors is to wait for the Certik audit (Q4 of 2021) and improvements in the liquidity pool before proceeding."

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In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges, which logged a one-minute candle with a floor of around $64,200.

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