Binance U.S.’ trading algorithm suffered from a bug that resulted in a Bitcoin flash crash on Oct. 21. Although prices recovered quickly, both cryptocurrencies are now trying to hold support to avoid further losses.
So what should crypto investors do in light of this latest increase? Nothing, according to the experts we’ve talked to. Given the crypto’s history of volatility, this increase doesn’t guarantee a long-term reversal. Bitcoin’s price is just as likely to fall back down as it is to continue climbing. The price swings are going to keep happening, and experts say they’re something long-term crypto investors will have to continue dealing with.
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The original cryptocurrency, Bitcoin, is a capped cryptocurrency. This means after 21 million Bitcoins are mined, no more will be mined.
CYNTHIA LUMMIS: My son-in-law has a shirt that says friends don't let friends sell bitcoin. And that is my investment strategy for bitcoin.
Although the hype around this coin isn’t as much as it was at some point, it is still a strong digital coin that’s attracting several investors. While cryptocurrencies such as Bitcoin have limited coin supply, Dogecoin doesn’t have limits. As a result, something that started is now a cryptocurrency with several supporters and investors, including celebrities and billionaires, notably Elon Musk.
— “It has also notched some tangible, if fleeting, policy victories for Mr. Orban, including the withdrawal during the Trump administration of a State Department grant to nurture independent news media in Hungary and the securing of a long-coveted Oval Office meeting for Mr. Orban in 2019 with President Donald J. Trump.”
A cryptocurrency is, most simply, a digital asset. It is called a currency because it was created to work as a medium of exchange in the same way that we use fiat currencies now.
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LifestyleMoneyWhy is crypto down today? Cryptocurrency market crash, China ban - prices of Bitcoin, Shiba Inu and Ethereum
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BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.
The majority of NFTs exist within the Ethereum blockchain. Ethereum is a cryptocurrency that has the ability to support NFTs.
The above prices are as of 01.09 pm IST on November 9 (Data courtesy: coinmarketcap.com).
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Brooks was acting comptroller when he exited the OCC in January. He joined the agency as chief operating officer in March 2020, and was nominated in November by President Donald Trump to serve a full five-year term as comptroller, but for that term to take effect would have required full Senate confirmation.
Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK. Cryptocurrency was one of the first subjects he specialized in when first going freelance in 2018, reviewing exchanges and analysing lawsuits. Axie Infinity (AXS) Retests Previous All-Time High as EOS Finally Climbs – Multi Coin Analysis SEC Halts Crypto Token Registration for Wyoming DAO Serum (SRM) Bounces at Support And Breaks Out From Short-Term Pattern NFT Exhibition in Singapore Blending Crypto Art and Cuisine Bitcoin (BTC) Bounces Back After Dumping Nearly 10% Most Read Markets News Report Shiba Inu Dog Purchases Becoming Popular on the Back of SHIB Crypto Popularity Press Releases Finnovex West Africa 2021: Post Event Roundup Red Bull F1 Completes Limited-Edition NFT Collection Solana’s (SOL) Phantom Wallet Hits One Million Active Users, SOL Also Reaches New All-Time High Medabots Takes the Blockchain Route – Medachain Is Coming Soon Policy Reform Required as Swedish Director Generals Look to Ban Proof-of-Work Mining
The bears tried to pull Bitcoin below the breakout level at $67,000 on Nov. 9 but they could not sustain the lower levels. The modest pullback indicates that bulls are buying on every minor dip.