The phenomenon has occurred more frequently in recent days, with Bitstamp also seeing freak order-book events.
Steep rises and unexpected dives in the price of cryptocurrencies are relatively common. As the market stabilises, the volatility has slowly decreased, but irrationality will always be part of the trading game.
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Income tax: Profits and losses from cryptocurrency transactions must be shown in a non-incorporated business’s accounts and are taxable/allowable under conventional income tax laws.
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SafeMoon stands from "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price flying upwards "as high as the Moon".
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On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%.
Users are being warned after a security breach at Robinhood has leaked sensitive information.
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Though both assets posted a quick recovery, the event has made a significant impact on the market. Bitcoin retraced by 7.4% a few hours after making a new all-time high at $67,000.
Cryptocurrency mining is the process by which recent cryptocurrency transactions are checked and new blocks are added to the blockchain.
Stambaugh, R. F., J. Yu, and Y. Yuan (2012), “The short of it: Investor sentiment and anomalies”, Journal of Financial Economics 104 (2), 288–302.
MASSENA, N.Y. (AP) — A New York town along the Canadian border plans to impose a 90-day moratorium on new cryptocurrency mining operations to make sure local roadsides are not cluttered with trailers and shipping containers loaded with computers.
The co-founder of Reddit to partner on $100 million investment to build social media on the solana blockchain
Knez, P. J., R. Litterman, and J. Scheinkman (1994), “Explorations into factors explaining money market returns”, The Journal of Finance 49 (5), 1861–1882.
There are hundreds of cryptocurrency exchanges already, and dozens based in the U.S. Trade volume on Binance is currently $1.2 billion compared to $660 million on Coinbase Pro, $355 million on Kraken, $75 million on Gemini and $47 million on Poloniex, according to CoinMarketCap as of publication. About 20 percent of traffic to Binance.com comes from the U.S., according to research from The Block.
A break and close above the channel will indicate strength and the pair may rally to $300 and then to $321. Conversely, if bears sink the price below the channel and the $216 support, the decline could extend to the 50-day SMA ($179).