The crypto prices today are trading in the red as Bitcoin, as well as the altcoins, have retreated after a strong week of rallies to new all-time highs.
Plenty of altcoins have also taken a beating. Dogecoin erased the breakneck gains of the week and then some, nearly halving its price after a meteoric climb last weekend. XRP is down 35% week-over-week, Stellar is down 30% and Polkadot is down 25% since last week.
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As of 8am ET on Thursday morning, it was slightly up in early trading. Bitcoin, however, was down under $65,000 at 8am ET, according to CoinBase.
Very generously our tweeter credits another crypto fanatic for the remarkable analysis, who had drawn up his own chart just days earlier:
SafeMoon recorded a 99% rise in one day in April after Bitcoin had its biggest single drop for months.
The team, dubbed Twitter Crypto, will serve as a "center of excellence" for all things blockchain at the social media giant and will be "setting the strategy for the future of crypto at and on Twitter."
Identifying the determinants of asset prices is one of the most important questions in finance. Traditional asset pricing theories are founded on the idea that equity prices should be determined by fundamentals such as earnings (Gordon 1959, Campbell and Shiller 1988). In contrast, the behavioral finance literature posits that prices do not always follow fundamentals due to investor sentiment trading (Shiller 1981, Baker and Wurgler 2006, Stambaugh et al. 2012). Eventually however, equity prices seem to trace their fundamentals (Pa´stor and Veronesi, 2003, 2006, Bartram and Grinblatt 2018).
As a beginner in crypto, you’re unlikely to know which cryptocurrency is the best and which one to invest in. There are more than 6000 cryptocurrencies, so picking out the best one with high growth potential by yourself may be an arduous task. Bitcoin is an obvious crypto investment given its popularity and constant growth – even with the frequent market volatility. However, there are many other cryptocurrencies that you can invest in with high growth potential as well.
The scope of the Binance.US error, however, was in a league of its own and did not go unnoticed by market participants.
Binance.US SupportSupport WebsiteWiki/FAQSimilar Companies AAX Decoin Switchere MeterQubes MyCoinStory Bittrex DeversiFi Bitfinex PrimeBit BitCoke
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.
The day after April 20, a day celebrated by marijuana enthusiasts, the SafeMoon team hosted an AMA with two of its members who joined by live video from a crypto conference in Miami. Instead of just providing updates on the token, Thomas Smith, SafeMoon’s chief technical officer, wandered around the conference floor in an unfocused way to capture attendee shoutouts and show off a painted Porsche.
Mooncraft is a Minecraft server that we use as a test bed for integration with Safemoon and other technologies. It features several game modes, active development, and new proprietary technology.
CRYPTOCURRENCIES are a form of payment that can be exchanged for goods and services.
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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.
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