From the perspective of technical analysis, profit-taking near all-time highs and the need for a retest of lower support levels are normal processes for most cryptocurrencies. In fact, a quick glance over discussions by many analysts and traders on Twitter shows that most expected BTC to revisit lower support levels at $64,000 and below before recapturing bullish momentum and moving higher.
How does this latest crash compare to previous ones, or even to regular stock market drops — and what does it mean for investors?
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When it comes to centralized exchanges, however, Binance is likely the first name that comes to mind. While it's an excellent exchange with ample amounts of liquidity, it is no longer available to U.S. citizens. Therefore, this blog will help to summarize the differences between Binance and Binance.US, so that crypto traders can better understand what to expect when trading on each exchange.
The team, dubbed Twitter Crypto, will serve as a "center of excellence" for all things blockchain at the social media giant and will be "setting the strategy for the future of crypto at and on Twitter."
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.
“Every single day, the concept that it could be worth something, it could be a store of value is being continually approved by more large, powerful entities,” Johnson says, pointing to established financial institutions holding digital currencies and large corporations adding them to their corporate balance sheets. “The idea that it’s actually worth something is continuing to grow as adoption and acceptance continues to grow as well.”
But how high will Bitcoin go? Bitcoin’s past may provide some clues, according to Kiana Danial, author of “Cryptocurrency Investing for Dummies.”
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It was a wild ride for SafeMoon, with its prices exploding in the first few weeks before crashing down.
The use of crypto is not Shariah compliant and should be banned for Muslims, Indonesia's religious authority says
Blockchain is a decentralised technology spread across computers that manages and records transactions. Find out more about cryptocurrencies below.. What is Bitcoin and will BTC's price rise? What is Ethereum and will ETH reach $10,000? What is Cardano and will ADA reach $10? What is Litecoin? Why is Bitcoin bad for the environment? Who is Bitcoin creator Satoshi Nakamoto and what's his net worth? Best crypto wallets to use for Bitcoin: From Coinbase to Exodus Where to buy cryptocurrency? What is Dogecoin and will DOGE reach $1? Will Polygon (MATIC) reach $10?
Something is brewing over at SafeMoon. The DeFi project is close to launching a widely anticipated V2. The team is targeting greater adoption and additional use cases with the launch of V2.
Dogecoin, at the time of writing, has a market price of close to $0.216 according to CoinMarketCap - the result of an 8,325.23% increase in value since the start of 2021.
Some mainstream companies also view blockchain technology itself with interest, evaluating various uses such as supply chain. The future of cryptocurrency and its associated technology appears bright, judging by the growth and adoption that has been seen since 2008 when Nakamoto published the framework for a little asset called Bitcoin.
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.
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ETH is a far different cryptocurrency from BTC because it isn’t a cryptocurrency only; network developers can also use it to create their cryptocurrency. Although it has a far inferior value to bitcoin in the market, it is far ahead of other digital currencies. As a result, it represents a profitable investment for beginners and expert crypto traders.