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Bitcoin’s Market Capitalization Went Over $1 Trillion This Year. Here’s What Crypto Market Cap Means for Investors
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Bitcoin’s price has taken a wild ride so far in 2021, and in November set another new all-time high price when it went over $68,000. This latest record high follows previous high points over $60,000 in April and October, as well as a summer drop to less than $30,000 in July. This volatility is a big part of why experts recommend keeping your crypto investments to less than 5% of your portfolio to begin with.
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Meanwhile, concerns were also mounting on Oct. 21 that leveraged traders have taken on more risk than they can chew.
BUDAPEST, Hungary (AP) — An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency.
In late July, Elon Musk said Tesla was "most likely" to start accepting bitcoin as payment again. The comment helped the cryptocurrency race past the $30,000 level.
4JNET has launched the pre sale of limited-edition nonfungible tokens (NFTs) on Oct. 18, and a total of 5,000 limited-edition NFTs have been distributed. After the project kicks off on Dec. 1, all NFT holders can claim 30% of the all tokens issued, unlock 2% each day and enjoy a 3% reduction of service charges. The purchased 4JNET tokens will be put into the liquidity pool to maximize the benefits.
Here are some cryptocurrencies that may be unworthy of a slot in your investment portfolio:
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Fig 4. Wavelet coherence scalograms between online factors and price (with GSADF test bubble overlay) for Ethereum and Monero.
Assets hovered at record highs even after the Fed said that "asset prices may be vulnerable to significant declines."
Meanwhile, concerns were also mounting on Oct. 21 that leveraged traders have taken on more risk than they can chew.
Yield farming: An investing strategy involving staking or lending crypto assets to generate returns
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