The global crypto market cap jumped about 4 per cent to $2.85 trillion. However, the total crypto market volume was almost flat to $97.46 billion.
Polkadot has increased more than 9 percent in the last week. It is trading at $52.87.
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Can Bitcoin and altcoins sustain their bullish momentum or will profit-booking drag prices lower? Let’s study the charts of the top 10 cryptocurrencies to find out.
Even with its usual ups and downs, Bitcoin has mostly been on the rise following a drop under $30,000 in July.
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Currently, the global crypto market cap stands at $2.87 trillion, an increase of 4.70%. Other cryptocurrencies were also trading in the green.
However, in the wake of the technical issues, the DeFi protocol has met its share of criticisms and FUD. Some Twitter users have even accused SafeMoon of scamming its users.
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If you had purchased $1000 in SafeMoon near its launch date for $0.000001571 and then sold it for the highest market price since its release. You wosuld have sold those tokens for approximately $8750. This is a sizeable return on investment, but a simple google search will show you that these numbers do not reflect some of the incredible results altcoins have produced.
“Expect very high volatility in crypto over the next few months,” he tweeted on Oct. 21.
An interesting avenue to explore is the wavelet coherence between different cryptocurrencies, allowing any relationships between different cryptocurrencies to be detected and documented. Relationships between different cryptocurrencies would be of interest for those searching for diversification within cryptocurrency markets, especially to those managing a portfolio of cryptocurrencies.
Brooks admitted that “bitcoin miners appear to be causing environmental problems.” However, he said Bitfury has taken steps to reduce the industry’s climate impact. For example, Bitfury has designed technology that makes cooling computers and data centers more efficient and reduces the environmental footprint of activities.
Regulation has come into play worldwide with the growth of the crypto industry. Over the years, the United States has increasingly stepped up its overwatch of the space. The Securities and Exchange Commission (SEC) cracked down on initial coin offerings, or ICOs, after the mania of 2017 and 2018. The Commodity Futures Trading Commission (CFTC) and other U.S. agencies have also engaged in various capacities.
What is SafeMoon? The new cryptocurrency and how it compares to DogeCoin and Bitcoin
— “It has also notched some tangible, if fleeting, policy victories for Mr. Orban, including the withdrawal during the Trump administration of a State Department grant to nurture independent news media in Hungary and the securing of a long-coveted Oval Office meeting for Mr. Orban in 2019 with President Donald J. Trump.”
Yet, trading on Binance.US obliges the customers to undergo the KYC (know your customer) procedure. First, the users are required to go through either of four types of verification available on the platform: