There's a huge new pool of money that could be about to juice the bitcoin market, crypto ETF expert says
Baker, M. and J. Wurgler (2006), “Investor sentiment and the cross-section of stock returns”, The Journal of Finance 61 (4), 1645–1680.
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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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First US exchange traded fund linked to cryptocurrency garners strong demand following debut
The tecg titan said it wanted to create a separate, private currency system to allow users to make cross-border payments more easily.
“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
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The token is listed on over 12 crypto exchanges and posted a 3% drop in price over the past 24 hours.
Although mining periodically produces new cryptocurrency units, most cryptocurrencies are designed to have a finite supply — a key guarantor of value.
Decentralized NFT Marketplace: The EverGrow team is also creating the world's first decentralized NFT lending platform. The platform will be based on BSC, which would enable NFT owners to easily borrow against their NFTs as collateral at reasonable interest rates without having to sell them. This will allow individuals to generate money just by lending their NFTs.
Brits are being warned they risk losing all of their money if they invest in bitcoin and other cryptocurrencies.
Bitcoin plunged to as low as $8,200 on Binances U.S. exchange from around $65,000.
With its bullish structure now invalidated, those looking for long positions will need to eye support levels at $2.44 and $2.2. Should the crypto market remain bearish (with BTC having a probability of revisiting $60-62K), these levels are likely to come into play.
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But even this kind of pullback could not kill the inherent uptrend and in one of our previous reports, we mentioned that a breakout above $62,500 was required for BTC to resume strength.
Even though many coins are on an uptrend, Bitrise is worth considering as thousands of Shiba Inu and Safemoon holders have joined since its release.