Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Cardano, Polkadot, Dogecoin shed up to 5%
Crypto exchange urges investors to take ‘long-term’ view while results suggest feverish dealings have cooled
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Bitcoin. First introduced in late 2008, it is a specific currency in an electronic payment system that acts as an alternative to fiat currency. It exists only on computers and the internet. It is not backed by a government, and its price is not set by a centralized authority.
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Of course, crypto is notoriously volatile. The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more. Other coins are even more volatile – the memecoins bounce back and forth wildly at times – and scams and hacks occur with some frequency.
“I’ve been through the 2017 cycle, too,” Yang says, referencing the ‘crypto crash’ of 2017 that saw many major cryptocurrencies, including Bitcoin, lose major value. “I know that these things are super volatile, like some days they can go down 80%.”
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Bitcoin and Ether created a new all-time high of $68,641.57 and $4,857.25 on Tuesday Bitcoin breaks past $68,000, ether nears $5,000 as flows surge in crypto
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That lack of widespread adoption, plus crypto’s volatility, limits its use as a currency, says Roger Aliaga-Díaz, principal and senior economist with Vanguard Investment Strategy Group.
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But how high will Bitcoin go? Bitcoin’s past may provide some clues, according to Kiana Danial, author of “Cryptocurrency Investing for Dummies.”
It is this bullish growth in Bitrise coin value that is attracting members of other major coins such as Safemoon, Shiba Inu, and many others. There are two major things that are making Bitrise coin stand out - innovative tokenomics and the products.
But whatever new products are produced, they will now have a harder time struggling with acceptance. Whether we like it or not, message and image are important.
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