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On the downside, the zone between $67,000 and $63,750 is likely to act as a strong support. If this zone is breached, it will indicate that traders may be aggressively booking profits. The pair may then drop to the 50-day simple moving average (SMA) ($56,348).

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Cryptocurrency has come a long way over the last decade, advancing at a lightspeed pace. Value can be stored, transferred and spent in different ways through various assets and solutions, while DeFi has pioneered the way for new borrowing and lending avenues.
Bitcoin was trading 1.5% lower Thursday morning. The price was around $59,000 per coin. .

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In the meantime, if you’re looking to invest in alternative cryptocurrencies, then we’d recommend eToro. eToro is one of the world’s largest online brokers and has over 20 million users globally. What’s more, eToro is regulated by the FCA, ASIC, and CySEC, allowing you to trade safely.
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Even with its usual ups and downs, Bitcoin has mostly been on the rise following a drop under $30,000 in July.
Contrary to this assumption, if the pair rebounds off the current level and rises above the downtrend line, it could reach $0.000065. The flattish 20-day EMA and the RSI near the midpoint suggest a range-bound action in the near term.

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Cryptocurrency’s technical foundations date back to the early 1980s when an American cryptographer named David Chaum invented a “blinding” algorithm that remains central to modern web-based encryption.

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The use of crypto is not Shariah compliant and should be banned for Muslims, Indonesia's religious authority says

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    Bitcoin mining is raising concerns about its negative impact on the environment. According to the Cambridge Bitcoin Electricity Consumption Index, the industry consumes more electricity than the Netherlands and slightly less electricity than the United Arab Emirates.

    Coinbase, which blamed market turbulence and lower coin prices during the early portion of the third quarter, posted revenue of ... TMS, Ep 39: GST on cryptos, D2C rush, investing in IPOs, and ELSS schemes
    Investing in cryptocurrency can be as easy as a few taps on your phone, and with crypto all over the news and coming up in conversations with friends, it’s tempting to dive right in. However, depending on your financial situation and appetite for investing risk, crypto might not be an appropriate investment for you right now — or ever.

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    If you are worried about possible scams – funny enough DogeZilla claims it aims to make the crypto space safer for users.
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    “I think it’s really important to keep your eyes open,” Johnson says. “Don’t get the FOMO at a fever, because it’s very volatile. No one should invest anything that they can’t afford to lose, and that’s the same advice I give for any kind of an investment.”

    The electric carmaker said in May that it would no longer accept the cryptocurrency for purchases. It's been a wild ride for bitcoin the last three years.
    First launched in March of 2021, Safemoon began to surge in price about a month later, thanks to effective marketing by the founding team.

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    The Safemoon price today is hovering around the $0.0000014 level, so you can immediately see how cheap this coin is relative to others. Price is slowly turning bearish, with the last real spike occurring in late August. As such, it’s hard to make any accurate predictions about the token’s future price in this Safemoon forecast that are rooted in technical analysis.

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    That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.

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Many lesser-used cryptocurrencies can only be exchanged through private, peer-to-peer transfers, meaning they’re not very liquid and are hard to value relative to other currencies — both crypto- and fiat.

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