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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%.
Bitcoin’s new all-time high at $69,000 and Ether’s slow climb toward $5,000 are clear signals that bulls are in control and a hint that altcoins intend to follow.
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But classifying crypto as an investment is complicated, too. It doesn’t quite fit the mold of a traditional stock or bond, and while cryptocurrencies do share characteristics of commodities like gold — they can be bought and sold for cash and as derivatives based on expected future value — they have no inherent physical value or use.
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Furthermore, With Bitrise, users can trade thousands of tokens with ease and at a minimal cost. They will no longer need to use Pancakeswap or Uniswap to buy/sell them because this new wallet has all that you would ever want.
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Mikhael Karkhalev, financial analyst at currency.com, said: “Growing concerns around inflation and global rate hikes are clearly on investors’ minds.
While Digitalcoinprice expects it to reach $0.0000056193 this year and $0.0000166265 in 2028.
SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:
There is also a 25% discount to your fee if you use Binance Coin (BNB) to pay your transaction fee. To do this, you just have to hold Binance Coin in your Binance.US account, and your trading fee will be automatically deducted from your Binance Coin balance.
A look at funding rates across exchanges hints at excessive optimism, with traders going long on BTC en masse — a classic indicator of a correction.
In order to provide a methodology to detect bubbles in time series, Phillips, Wu, and Yu [23] proposed the supremum augmented Dickey-Fuller (SADF) test. This applies a series of right-tailed unit root tests to expanding windows of a time series (with a fixed start date), defined by where r2 is the final data point to be considered in each window, starting at r0 which is a fraction representing the smallest allowed window size and expanding to 1(the complete data set).
ETF approval has been in consideration by the SEC multiple times over the past few years, but BITO is the first to gain approval.