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Bitcoin notches new all-time high after inflation data shows prices are surging at the fastest rate in 30 years

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The reason behind such revolutionary growth is originally the team behind this project. Its impressive growth is evident from the fact that in just 1 month of launch, it has reached 45k holders and has already paid out $8 Million in reflection to holders of its native token, $EGC. With such an outstanding track record, the project has also clinched the market cap of $600 Million, which is remarkable.
Safemoon crypto is not a coin, but a token. It has seen major price rises movements over just a few months in 2021. The price surged by tens of thousands of percent in April and May, then lost most of those gains by August. Such volatility is far from unusual in the crypto space. .

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While Bitcoin tumbled, Ethereum was heavily rejected on Oct. 21 as it approached its mid-May all-time high at $4,380.

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Bhambhwani, S., S. Delikouras, and G. M. Korniotis (2019). “Do fundamentals drive cryptocurrency prices?”, Working paper .
Even with its usual ups and downs, Bitcoin has mostly been on the rise following a drop under $30,000 in July.

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Mr Karkhalev added: "The growth in the capitalisation of the Bitcoin crypto market has also aided confidence.

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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.

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    SafeMoon’s Facebook page states: “Remember, getting to the moon takes time and the longer you hold the more tokens you pick up.”

    Get all the latest Bitcoin (BTC) news first. Bitcoin price analysis, expert opinion, exclusive articles and features all about the world’s most popular cryptocurrency brought to you from Coin Rivet’s team of international journalists…
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    While the current level of currency support leaves room for improvement, it is necessary to remember that it is still early to make the final judgment on the Binance’s policy, particularly regarding the outcomes of its initial implementation at the time of writing this Binance.US review. The platform advises holders of currently unsupported assets to use services of other custodians in any form (cold storage, hot wallet) while other currencies await approval.

    You can think of the liquidity pool as a body of water that people are constantly taking from and adding to. If the pool is the size of a bucket, even a few cupfuls in or out affect how much water is left, and therefore how much you pay for it. If the pool is the size of a lake, even thousands of cupfuls in or out have no measurable effect on the water level in the lake.
    Gensler recently went so far as to say investors are “likely to get hurt” if stricter regulation is not introduced. Plus, the IRS has an obvious interest in making sure investors know how to report virtual currency when they file their taxes.

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    Given the hype and ironic humor around its release, the currency attracted a cult following among cryptocurrency enthusiasts. Undaunted, West’s legal team filed suit, compelling the creators to sell their holdings and shut down Coinye’s website.

    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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    Though both assets posted a quick recovery, the event has made a significant impact on the market. Bitcoin retraced by 7.4% a few hours after making a new all-time high at $67,000.

    CPI gained 0.9% in October, higher than the estimated 0.6%. The reading marks an acceleration from the 0.4% gain seen in September.
    Cryptocurrency has become a worldwide phenomenon, with governments and banks being among the first to recognise its importance. But with so much volatility in the marketplace, new currencies being created daily and plenty of crypto naysayers about, where do you start when you’re new to the industry? We’ve created dedicated guides that look at Bitcoin, altcoins and stablecoins. You can explore the purpose, benefits and risks of each coin and keep up-to-date with how they’re performing in the market. How are crypto prices determined? Let's look at the different factors that affect the value of cryptocurrency

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Of course, crypto is notoriously volatile. The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more. Other coins are even more volatile – the memecoins bounce back and forth wildly at times – and scams and hacks occur with some frequency.

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Campbell, J. Y. and R. J. Shiller (1988), “Stock prices, earnings, and expected dividends”, The Journal of Finance 43 (3), 661–676

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In the meantime, the Indian government is considering a middle path on cryptocurrencies, as it finalises legislation on the virtual asset to be introduced in the upcoming winter session of Parliament. The hard-line stance for an outright ban of cryptos is not being found feasible in view of large investments in such instruments by Indians, and these unregulated virtual currencies are also unlikely to be allowed as a legal tender.

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