Tracking the price of Bitcoin gives us a good indication of the overall cryptocurrency market in the past 18 months.
Internet Computer3,890 (-11.77%) Band Protocol744 (-9.46%) Theta Network595 (-9.02%) The Graph83.63 (-8.48%) .
All this points to a very thin market that naturally moves very quickly and thus increases the volatility of cryptocurrency prices.
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Apart from Bitcoin, there are Ethereum, Binance Coin, Cardano, Tether cryptocurrencies.
Benefits of having a well-regulated local crypto industry could also extend beyond the financial sector.
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It is very difficult for the market to value Bitcoin and other cryptocurrencies, as opposed to stocks, which are of great interest to investors.
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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.
Musk tweeted, “Out of curiosity, I acquired some ASCII hash strings called “Bitcoin, Ethereum & Doge”. That’s it. As I’ve said before, don’t bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form.” Also Read - Bitcoin, Other Cryptocurrencies Could Cause Next Financial Crash; Details Here
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SafeMoon stands from "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price flying upwards "as high as the Moon".
Home » Crypto News » Former BinanceUS Boss and US Official to Lead Bitcoin Mining Company Bitfury Former BinanceUS Boss and US Official to Lead Bitcoin Mining Company Bitfury Author: Dimitar Dzhondzhorov
Home / Markets / Cryptocurrency / Bitcoin, dogecoin fall, Shiba Inu plunges over 23%. Check cryptocurrency prices today Bitcoin, dogecoin fall, Shiba Inu plunges over 23%. Check cryptocurrency prices today Premium Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin are seen (REUTERS) 1 min read . Updated: 05 Nov 2021, 08:57 AM IST Livemint