SafeMoon app has crossed 600,000 downloads. The team has announced that Bitcoin and Dogecoin will soon be added to the wallet. The partnership with Unicrypt, the multi-chain decentralized protocol, has kept V2 consolidation on track.
Despite the concerning news and slight pullback in traditional markets, BTC and ETH prices rose, a dynamic that analysts such as Anthony Pompliano refer to as “asymmetric price action” where investors see a red hot stock market and unsustainable central bank monetary policymaking risk-on assets like Bitcoin as attractive investments and hedges against gold, the dollar and inflation.
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“We do it in the equity market, we do it in the bond markets, people might want it here,” Gensler said at the Aspen Security Forum over the summer.
If this type of extreme drop bothers you, you may have too much riding on your crypto investments. You should only invest what you’re OK losing. But even if the drop is making you rethink your crypto allocations, the same advice still stands — don’t act rashly or upend your strategy too quickly. Reconsider what you might be more comfortable with going forward, such as allocating less to crypto in the future or diversifying through crypto-related stocks and blockchain funds rather than directly buying crypto (though you should still expect volatility when cryptocurrency markets fluctuate).
Bitcoin price hits new record high - why is Bitcoin up today? Cryptocurrency prices of Bitcoin, ETH and Shiba Inu (Image credit: Getty Images/Canva Pro)
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Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price.
“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
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4JNET once again takes an interesting path with this. The performance of the presale will not affect the scheduled December 1st launch. 4JNET will proceed with the token launch regardless of whether the presale goal is met.
In the series of crypto revolutions, EverGrow COIN aims to become the next big New Cryptocurrency in 2021 by being the first Yield Generation token that rewards its users in USDT. This next-generation hyper-deflationary new crypto uses a unique buyback mechanism that provides users with consistent returns and benefits from the contract's buyback process.
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“Expect very high volatility in crypto over the next few months,” he tweeted on Oct. 21.
There's a huge new pool of money that could be about to juice the bitcoin market, crypto ETF expert says
The nation’s president Nayib Bukele passed a bill in June that stated that from September 7, Bitcoin can be used in any transaction and all businesses must accept the e-currency as payment.
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