The pair could first drop to $4,146.30 but if this support also gives way, the correction could reach the psychological support at $4,000.
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But this time feels different. It feels like a bubble. The fever in the post-Thanksgiving moonshot ran hotter than we’d seen before. We also began to see a robust supply response.
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.
Bitcoin made a new life high at $66,998 on 20th Oct and since then it entered into a retracement phase and subsequently prices dipped below $59,000 in the following days.
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Coinbase, which went public last week via direct listing, shaved about 10% off its share price this week, but was largely unaffected Friday in intraday trading.
Meanwhile, Ethereum also hit a record — rising to $4,837.59, according to CoinMarketCap.
Bitcoin made a new life high at $66,998 on 20th Oct and since then it entered into a retracement phase and subsequently prices dipped below $59,000 in the following days.
Bitcoin (BTC)Ethereum (ETH)PAX Gold (PAXG)Harmony (ONE)Orchid (OXT)Helium (HNT)Chainlink (LINK)Cardano (ADA)Stellar (XLM)Tether (USDT)
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The start of the Bitrise exchange development has also excited investors and increased new members. The centralized exchange is said to be a game-changer, considering the functionalities that the Bitrise wallet comes with.
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.
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You can earn rewards through the exchange by holding certain coins in your Binance.US account — a strategy called “staking.” According to Binance.US, staking helps support the operations of these coins’ blockchains.
Unlike traditional currencies, cryptocurrencies exist only as a shared digital record of ownership, stored on a blockchain. When a user wants to send cryptocurrency units to another user, they send it to that user’s digital wallet. The transaction isn’t considered final until it has been verified and added to the blockchain through a process called mining. This is also how new cryptocurrency tokens are usually created.