Cryptocurrency prices can move in spectacular fashion, and there are a variety of triggers for such volatility. Here are a few of them:
While its price had fallen slightly from a 24 hour high of $68,525 on Tuesday morning to $67,983.80 as of 2.10pm, Bitcoin’s price hike still represents a year-on-year increase of more than 300% on last November’s value.
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This is one of the very few cryptocurrencies that reached their peak after 2017 – a year in which there was a big bull market and many cryptocurrency prices rose to their peak, then plateaued before the prices started to fall again. However, unlike many other coins, Binance Coin continued to experience a slow and consistent upward trend after 2017. As stated in an assignment writing service, this coin’s consistent and stable performance is one of the reasons it is regarded as a stable investment option because it poses fewer risks.
Once they have a key, they can obtain and spend cryptocurrency. Without the key, the holder can’t spend or convert their cryptocurrency — rendering their holdings worthless unless and until the key is recovered.
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Rivian's IPO was a smashing success, generating real interest among institutional investors. That could be a problem for Tesla—and the S&P 500.
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The most popular cryptocurrencies are currently Bitcoin, Ethereum and Litecoin. These dominate the cryptocurrency market and are highly popular among traders and investors.
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There can be plenty of new cryptocurrency that can pop up and become popular all of a sudden which can confuse investors and those interested in cryptocurrency. One of the newest cryptocurrency that has come to the scene is SafeMoon which has seen a massive increase in interest lately.
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What makes the fee structure so complicated is Binance’s focus on different fees for different levels of users. While, theoretically, this is similar in both the main platform and Binance.US, the American platform has fewer of these levels. For some, this may seem simple and clear; but it could also mean that using Binance.US is more costly than its main counterpart.
Crypto exchange urges investors to take ‘long-term’ view while results suggest feverish dealings have cooled
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Binance.US can grab investors’ attention with lower fees than many other cryptocurrency exchanges, but we’d recommend paying a bit more for added transparency.
The riskiness is taken a step further when it comes to newer coins because they make you more vulnerable to scams when compared to ones that have been around longer such as Bitcoin.