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.
We’ll go through the several factors that influence demand for a particular crypto, but before we do that, it’s important to note that cryptocurrencies don’t fit comfortably into our existing asset categories.
.
A layer-one smart contract platform, Fantom, is another take on smart blockchain commonly represented by Ethereum, Solana and the likes. However, its compatibility with the ERC20 standard ensures that users can purchase an Ethereum-compatible FTM token, which can be converted to a native FTM compatible token once they initiate a transfer to their wallet.
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.
'Stretched too thin': With staff 'exhausted,' schools cancel class or return to remote learning
BusinessCryptocurrencyIndia BusinessInternational BusinessMarketsWealthSensexPhotosVideosGSTBudgetTax CalculatorBankingFAQs
LUMMIS: So the concept of mining bitcoin and its great store of value was something that resonated with me, coming from a mining state.
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.
Fig 7. Visualisation of the average wavelet coherence values for bubble (solid) and non-bubble (dashed) regimes decomposed by period band.
Just a few hours left! Lightning Deal: Amazon's $16 sweats are comfy, stylish — and our new obsession
Tesla-linked crypto tokens are trading 5% below the stock's current price as traders react to possible Musk share sale
A look at recent charts shows that Safemoon has been on a downtrend since early November. Safemoon has also not been doing very well since its last all-time high around April 21, 2021. Despite rising in mid-May, the next time Safemoon saw bullish growth was at the end of October.
Useful LinksContact UsAdvertise My BusinessAdvertise a JobPlace your AdSubscribeEventsNewsletterWebsite ArchiveReaders Charter
People DirectoryFoundersExecutivesInvestorsProgrammersInfluencersAnalystsRegulators
Crypto gains may be fueling the labor shortage as people buck low-paying work and take their chances on risky digital assets, research firm says
China announced in September that all cryptocurrency transactions in the country are illegal, effectively putting the brakes on any crypto-related activities within Chinese borders. In the U.S., things are less clear. Federal Reserve Chair Jerome Powell said recently that he has “no intention” of banning cryptocurrency in the U.S while Security and Exchange Commission Chairman Gary Gensler has consistently commented on both his own agency’s and the Commodity Futures Trading Commission’s role in policing the industry.
Covid Cases in IndiaKulgam EncounterCoronavirus in India UpdateChennai RainsPakistan vs Australia Live ScoreKangana RanautChennai FloodsSalman KhurshidT20 World Cup 2021 Live ScorePower Cut in ChennaiCryptocurrency Exchange in IndiaIndia vs New Zealand Test 2021How to Buy BitcoinWeekly HoroscopeCryptocurrency in IndiaWorld Cup Points TableHoroscope todayLatest News