In an inflationary environment, assets like Bitcoin appear more attractive to investors. The BTC price rallied to a new all-time high on Wednesday.
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While no official announcement by either of the companies in question has been made in regards to a partnership, social media is full of users waiting for the statement.
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Reported Volume calculates volume from all exchanges with market pairs, but due to factors such as wash trading, it is considered an unreliable metric.
This follows the launch of new Bitcoin futures Exchange-Traded Funds (ETFs) in the form of ProShares Bitcoin Strategy ETF, as well as similar moves from Valkyrie and Van Eck.
“It was almost like you just gave a 21-year-old a million dollars,” Harrison said. “I get it -- they were excited to be so popular.”
“You can’t ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls,” she said.
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‘Not Considering’: Zimbabwe Government Clarifies Stance on Legalising Cryptocurrency
The SafeMoon community also has their sights set on a “cool exchange listing” that according to SafeMoon CEO John Karony cited by the SafeMoonWarrior Twitter account will be coming soon. In addition, SafeMoon investors are anticipating a couple of key events, including an expanded crypto wallet and the launch of a crypto exchange.
The worldwide crypto market capitalization is currently $2.90 trillion, decreasing 1.25% over the last day. Whereas the total crypto market volume over the last 24 hours is $134.45 billion, which makes a 5.79% increase. Bitcoin (BTC) $66,551 Ethereum (ETH) $4,740 Binance Coin (BNB) $638 Cardano (ADA) $1.24 Tether (USDT) $1 Solana (SOL) $240 Ripple (XRP) $1.24 Polkadot (DOT) $50.48 Dogecoin (DOGE) $0.27 USD Coin (USDC) $1
‘Not Considering’: Zimbabwe Government Clarifies Stance on Legalising Cryptocurrency
Now the country’s central bank, People’s Bank of China, has effectively banned digital coins after announcing all transactions of cryptocurrencies are illegal.
Mining computers compile valid transactions into a new block and attempt to generate the cryptographic link to the previous block by finding a solution to a complex algorithm. When a computer succeeds in generating the link, it adds the block to its version of the blockchain file and broadcasts the update across the network.
US-based digital payments major Visa, and Metaverse - a new generation online virtual reality space have come together in buying their first crypto asset.
Bitcoin was trading 3.7% higher Friday morning. The price was around $61,200 per coin.