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.
Bitcoin futures ETFs are designed to allow investors to make trades on futures contracts and away from the usual means of crypto exchanges like Binance, which have come under greater scrutiny from regulators worldwide.
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He was referring to the stringent regulation that forced most cryptocurrency exchanges to deploy separate trading platforms for U.S. customers only. Consequently, American crypto traders tend to operate on less liquid cryptocurrency exchanges.
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For upcoming projects, DogeZilla is planning to launch an NFTs Invasion Series in early 2022.
The overall market cap of cryptocurrencies hit $3.3 trillion on Monday, according to CoinGecko pricing.
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Although CZ is the leader of Binance, he is not in charge of running Binance.US. In fact, in April 2021, Binance.US announced that it hired Brian Brook as its CEO. Brian Brooks is a former Coinbase executive who also served as Donald Trump’s Acting Comptroller of the Currency.
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Mikhael Karkhalev, financial analyst at currency.com, said: “Growing concerns around inflation and global rate hikes are clearly on investors’ minds.
Before coming to POLITICO, Caitlin worked on the social desk for ABC News’ D.C. Bureau, where she used social media to monitor coverage areas, curated images and videos for broadcasts, pitched and reported out stories and collaborated on breaking news.
Bitcoin plunged to as low as $8,200 on Binances U.S. exchange from around $65,000.
The market for cryptocurrencies has roughly quadrupled from its 2020 year-end value [File: Paul Yeung/Bloomberg]
From the rise of meme stocks to the increasing mainstream adoption of crypto, Wall Street has embraced once-fringe areas of investing and finance.
— In a 1,500-word memo obtained by The New York Times over the weekend, the company’s top lobbyist, Nick Clegg, sought to rebut Haugen’s allegations ahead of her unveiling in an episode of “60 Minutes” on Sunday night. “Social media has had a big impact on society in recent years, and Facebook is often a place where much of this debate plays out,” he said in the memo, in which he called Haugen’s impending accusations, which included blaming Facebook for January’s insurrection at the Capitol, “misleading.” He wrote that “what evidence there is simply does not support the idea that Facebook, or social media more generally, is the primary cause of polarization.”
“One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off,” Binance.US said in the statement. “We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved.”