NKN58.86 (17.40%) OmiseGO1,519 (16.92%) AdEx66.12 (4.81%) DigiByte5.04 (3.97%)
TAGS: cryptocurrency prices bitcoin Bitcoin prices rise Price of bitcoin Market cap of cryptocurrency Bitcoin market cap About us Contact us Advertise with us Privacy Policy Terms and Conditions Partners Press Releases
.
Profit-booking near the resistance line pulled the price back toward the critical level at $49.54 on Nov. 9. The strong rebound off this level on Nov. 10 suggests that bulls are defending this level with vigor.
HomepageCo.DesignTechWork LifeNewsImpactPodcastsVideoRecommenderInnovation Festival 360SubscribeHelp Center
Aston Villa FCGareth Southgate sends warning to Steven Gerrard following Rangers exitAston Villa have appointed Steven Gerrard as Dean Smith's successor as head coach
We’re certainly in a much different place now than we were 12 months ago. What was a hot commodity has turned into a hot potato nobody wants to touch. Still, this almost certainly won’t be the end for bitcoin, or cryptocurrencies as a whole. Despite the realization that it was a bubble, even the toughest critics see some sort of a future.
The value of cryptocurrency is also driven by scarcity. This alludes to the cryptocurrency’s finite mechanism. The Bitcoin protocol sets the maximum amount of BTC that can be mined at 21 million. Therefore, as more people enter the crypto space, Bitcoin’s scarcity will inevitably increase, causing its price to increase. Some coins also use the burning mechanism to increase their value by destroying a portion of the supply.
BIG BUCKS $2,000 'could be sent EVERY month' as November 'stimulus check' date nears
These protocols also mask the identities of cryptocurrency users, making transactions and fund flows difficult to attribute to specific individuals or groups.
How M&M made Thar a product, price and branding combo, and drove beyond off-road purists
Investors to see 'nothing but blowout earnings' for this quarter: Belpointe's David Nelson
WatchlistsMy PortfolioScreenersYahoo Finance PlusMarketsNewsPersonal FinanceCryptocurrenciesVideosIndustriesTechContact Us
“Don’t check on it. That’s the best thing you can do. If you let your emotions get too much into it then you might sell at the wrong time, make the wrong decision,” says Yang.
Safemoon offers a unique way of investing in cryptocurrency, as people who hold Safemoon and then sell it are subject to a 10% fee. This fee is halved, with 5% of it being given back to other Safemoon holders – the developers call this ‘reflection’. The additional 5% is split again, with 2.5% being used within the liquidity pools on exchanges such Pancake Swap, with the other portion being converted into BNB.
The future may be decentralized, but that doesn't mean tech giants won't have a hand in building it. Discord users are revolting over NFTs and crypto. Platforms should heed this warning. No, Kroger won't accept Bitcoin Cash. Fake cryptocurrency press release dupes people again. 'Squid Game' cryptocurrency turns out to be a scam, creators run off with millions
“Good thing Americans are forced on to these dogshit exchanges where they can get completely scammed on unreasonably thin books. This type of shit just shouldn’t be happening. It’s not fair that some get stopped out and some stay in, some get fills and some don’t.”BTC/USD 1-hour candle chart (Binance). Source: TradingView
As we don’t know exactly how to classify them, it’s difficult to attribute a direct causality to a specific factor and a crypto’s rise or dive in value.