The repeated retest of a support level within a short interval tends to weaken it. If the price breaks below $49.78, the DOT/USDT pair could drop to the 20-day EMA ($48.09). This is an important support for the bulls to defend.
What Happened: According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a drop of 87% for the world's top cryptocurrency on the exchange according to cited market data.
.
If you haven't already, please consider supporting our trusted, fact-checked journalism by taking out a digital subscription.
Prices above are subject to our website terms and conditions. Prices are indicative only.
Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights:
According to our SafeMoon Price Predictions, the currency might reach around $0.00000738 by the end of 1 year and $0.00001503 by 2025. Digital Coin Price
Popular CategoriesTech NewsPolicy NewsPersonal Finance NewsMobile NewsBusiness NewsEcommerce NewsAuto NewsStartups NewsStock Market NewsFinance NewsEntertainment NewsEconomy NewsCareers NewsApps NewsInternational NewsPolitics NewsEducation NewsAdvertising NewsLife NewsHealth NewsScience NewsIndia NewsRetail NewsSports NewsPersonalities NewsCorporates NewsEnvironment NewsWorld NewsTech Buying GuidesInsider Reviews
MIAMI (AP) — El Salvador is betting that this week's pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States.
Coinye was developed under the original moniker “Coinye West” in 2013, and identified by an unmistakable likeness of hip-hop superstar Kanye West. Shortly before Coinye’s release, in early 2014, West’s legal team caught wind of the currency’s existence and sent its creators a cease-and-desist letter.
Author who enjoys writing about social media, other marketing strategies, and getting an education.
In early November, FTM formed an inverse head and shoulder pattern, eventually breaking the neckline with a steep rise close to $3.2. However, it is now recovering from the steep drop it experienced overnight along with the market. On its way down, it broke through several local support levels.
Bitcoin.org is a community funded project, donations are appreciated and used to improve the website.
"The U.S. historically has made very clear regulations, so we hope that will clear up," he said. "At the same time, some early adopters in this space will be better rewarded. There are uncertainties in the regulatory space, but we're willing to try."
NewsNewsInside the NBA’s ambitious plans for a personalized streaming service for basketball fansNews6 reasons why everyone is trying to scam you right nowNewsOctober’s inflation was the highest in 30 years. Here’s what’s driving it
Coins are designed to be used as a kind of currency and are created on their own blockchain. For example, Ether is a cryptocurrency based on the Ethereum blockchain.
Altcoins can also be used to create smart contracts. These smart contracts can be automatically executed based upon certain conditions. There is no need for third-party involvement and so they can be done immediately. Smart contracts can be used in transactions as diverse as property, stock, and gas, making them a very interesting investment.
The digital asset at press time is trading at $0.00000424. While the market cap is around $2,402,538,956. The trading volume for the last 24-hours is at about $12,121,142. And about 428.16660 TR have been burned. The coin had peaked to $0.000006 levels on the 28th of October. And is witnessing a downfall ever since.