From a technical perspective, Bitcoin’s price action appears to be contained within an ascending parallel channel that developed since Oct. 4. Every time BTC has risen to this technical formation’s upper boundary since then, it has been rejected and retraced to the pattern’s lower edge. From this point, it tends to rebound, which is consistent with the characteristics of a parallel channel.
While exact predictions are impossible, we asked five experts about what they’re paying attention to in the crypto space for the rest of 2021:
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Disclaimer: Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.
Unlike other cryptocurrencies, SafeMoon claims it will reward people who buy its token and hold on to it rather than trade - for which there are penalties in place.
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"After hitting fresh milestones and hitting new ATH’s backed on the US CPI Inflation figures for October, traders began to book profits," it added. "Such corrections do not seem to be a major cause of concern just yet."
In this guide:Supported cryptocurrenciesTrading feesLiquiditySupported countriesCustomer supportTrust and reputationIncreasing regulationBinance vs. Binance.US: The verdict
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
New York, New York--(Newsfile Corp. - November 8, 2021) - Shiba Inu and Safemoon's competitor Bitrise coin breaks the $200m market cap. Finally, Bitrise coin has broken the $200m market cap mark as predicted by crypto experts. The coin, an aggressive Safemoon and Shiba Inu Crypto competitor, is breaking all previous crypto records on its way to become the fastest-growing crypto.
Based in San Francisco, Binance.US is operated by the U.S.-registered company BAM Trading Services which acts as its official partner. Its relationship with the international Binance franchise is strong enough for Binance.US to be designated as its “arm”, yet the Binance CEO Changpeng Zhao claims that he has no "legal titles" or an "operational role" in it. Binance.US is headed by Catherine Coley, a former executive at Ripple.
There's already a meme coin named after Elon Musk's new Twitter handle - and it jumped 825% in its 1st day of trading
China makes all crypto currency transactions illegal after ordering shut down of Bitcoin mining in Sichuan province
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New short-term investors who are selling their holdings in reaction to the drop may be influencing the continued dip in Bitcoin’s value, according to a recent report from Glassnode Insights, a blockchain analysis firm.
From the rise of meme stocks to the increasing mainstream adoption of crypto, Wall Street has embraced once-fringe areas of investing and finance.