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As of Wednesday 9 AM (GMT+3) November 10th, here are the prices of the top 10 cryptocurrencies:

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The result of this saw Bitcoin’s highest prices sliced in half in June, with the coin struggling to break out of the low to mid $30k price range until it received a welcome boost from Tesla founder Elon Musk in his appearance at major Bitcoin conference in July.
Cochrane, J. H. (2005), “Financial markets and the real economy”, Foundations and Trends in Finance 1 (1), 1–101. .

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Billed as the mother of all cryptocurrencies, Bitcoin which is a decentralised digital currency was created by someone called Satoshi Nakamoto (possibly a pseudonym) in 2009. As with most cryptocurrencies, Bitcoin is without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a Blockchain, according to IANS report.
Shiller, R. (1981), “Do stock prices move too much to be justified by subsequent changes in dividends?”, American Economic Review 71 (3), 421–36.

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Cryptocurrency exchanges play a valuable role in creating liquid markets for popular cryptocurrencies and setting their value relative to traditional currencies. You can even trade cryptocurrency derivatives on certain crypto exchanges or track broad-based cryptocurrency portfolios in crypto indexes.

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The above prices are as of 01.09 pm IST on November 9 (Data courtesy: coinmarketcap.com).

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    Ken Griffin thinks bitcoin will be replaced by ethereum and says the Reddit-fueled conspiracy theories about his involvement in the GameStop saga are like a bad SNL joke

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    Polkadot has increased more than 9 percent in the last week. It is trading at $52.87.

    Terra’s LUNA token has been trading inside a rising wedge pattern. The bulls attempted to push the price to the resistance line of the wedge on Nov. 8 but could not sustain the higher levels.
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    Black CountryShaun Bailey MP, West Bromwich West, asked the official: "Have you been to the Black Country?"

    A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS.
    Without a clear track record to assess long-term value, cryptocurrency rises and falls on an unpredictable demand cycle. And for individual investors, the challenge is “you really don’t know where supply and demand can end up,” Aliaga-Díaz says.

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    SILVER SPRING, Md. (AP) — The chairman of the Securities and Exchange Commission said that investors need more protection in the cryptocurrency market, which he said is “rife with fraud, scams and abuse."
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The new team, called Twitter Crypto, is aimed at being the center of excellence for "all things blockchain and web3," Financial Times reported.

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It can be observed that in the short term (2–4 and 4–8 day period band) there is no consistency in results; in some cases the null hypothesis can be rejected and in some cases it cannot. In the medium term there is more consistency in rejection of the null hypothesis in favour of bubble regime coherence values significantly exceeding the non-bubble regime values. In the long term, the proportion of instances exhibiting statistical significance reduces, with the majority of cases in the 256–512 band not being a rejection of the null hypothesis. This reduction of statistically significant differences when considering longer term periods further emphasises the point that it is the medium term in which coherences tend to strengthen during bubble regimes.

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Different types of cryptocurrencies can be classified into the following two groups:

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Even after falling back from its latest all-time high price, Bitcoin’s current price still represents a big upswing from the low $40,000 range seen in September.

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