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Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Shiba Inu soars 74%, altcoins tank up to 10%

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In turn, cryptocurrency exchange platforms such as Binance have been feeling the heat across the world as regulators and governments have started to pay close attention to the operations of such platforms in the wake of the global crackdown on crypto.
Day 2: Into the Cryptoverse writer Benjamin Cowen will be joining Real Vision’s Sebastian Moonjava to compare the risks of bitcoin and Ethereum to the risks of the newer projects in the space… .

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Ethereum price action saw bulls flocking it at $3.250, around the 55-day Simple Moving Average (SMA) and the monthly pivot, as favorable tailwinds hovered in cryptocurrencies. For the second week in a row, ETH price action broke above a few significant resistance levels and is building momentum for another leg higher with a possible new all-time high in Ethereum price action.
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This is the latest in a string of recent high-profile trading problems in crypto. Synthetify, a new decentralized exchange, was forced to shut down for a while earlier this month shortly after its debut because of bad data provided by the Pyth Network, a price feed backed by some of the world's most well-known trading and exchange firms. Pyth malfunctioned another time in September, erroneously making it appear that Bitcoin had crashed 90%.
Cryptocurrency prices hit record highs earlier this year amid interest from high profile individuals such as Elon Musk and more institutional investment in the sector.

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  • Bitcoin Down After Halving

    Barring Shiba Inu and dollar-pegged stablecoins, seven out of the top 10 cryptocurrencies were trading lower at 9.30 hours IST. Solana, XRP, Cardano and Polkadot tanked 8-10 per cent each, whereas Shiba Inu soared 74%.

    The factors leading to SafeMoon’s adoption by institutions and companies primarily are based on the following fundamentals of the latest news that certify SafeMoon a good investment:
    Nevertheless, traders emphasized the massive volatility of SafeMoon despite its relatively high liquidity compared with other tokens that are not listed on major exchanges.

  • Bitcoin Big Jump

    Cochrane, J. H. (2011), “Discount rates”, The Journal of Finance 66 (4), 1047–1108.

    SafeMoon burst on to the cryptocurrency market place earlier this year – and now the digital coin is seeing further gains.
    “Ethereum is metaverse infrastructure and ETH is metaverse money,” Hoffman added.

  • Bitcoin Coinbase Pending

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    This list by no means final, as Binance.US designates it as “Phase 1” digital asset offering, promising to support a wider range of cryptos down the line. The platform hopes to garner broader support in the US by enabling trading USD for popular cryptocurrencies.

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Regarding regulatory attention, in late June, the UK’s regulator, the FCA, issued a statement that “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”

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Meanwhile, Coin Price Forecast expects Shiba Inu to hit a value of $0.00002336 by the middle of next year.

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