Safemoon is a member of the group of tokens known as memecoins. Memecoins are crypto tokens or coins based on internet memes. Specifically, Safemoon derives its name from a popular slang term in crypto discussion forums—’going to the moon’. This expression refers to the price of a crypto asset rising very high over a very short period.
Home / Markets / Cryptocurrency / Bitcoin appears to crash 87% in a flash on Binance’s US venue Bitcoin appears to crash 87% in a flash on Binance’s US venue Premium Volume on the exchange in that minute was 592.8 Bitcoins, which are worth just shy of $40 million at current prevailing prices. (REUTERS) 1 min read . Updated: 21 Oct 2021, 09:54 PM IST Bloomberg The price of Bitcoin appeared to rapidly — and only temporarily — plunge about 87% on Binance’s U.S. exchange Thursday morning, sinking to as low as $8,200 from around $65,000. The price did nothing like that on other venues, and on Binance the level almost immediately snapped back to where it had been. Premium Premium Wall St extends record rally on strong jobs report, Pfi ... The plunge occurred at 7:34 a.m. New York time, according to Binance’s website. Volume on the exchange in that minute was 592.8 Bitcoins, which are worth just shy of $40 million at current prevailing prices. Mistakes like this happen throughout finance when, for instance, traders mess up details of their intended trades, entering the wrong price or order size. An erroneously large trade, as one example, can overwhelm an exchange’s order book, leading to a quick and massive decline. The entire U.S. stock market famously flash crashed back in May 2010, though equities have mostly avoided trouble since that era. 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%.
.
A brief technical and on-chain analysis on XLM price. Here, FXStreet's analysts evaluate where Stellar might go next. More Stellar Lumens News Thoughts on Bitcoin price – Now that we've broken $40,000 LMAX Group Research Desk LMAX Group BTC coils up as hype moves from ETF to Metaverse
A member of Brazil’s chamber of deputies wishes to provide government workers with a bitcoin payment option. Attacks on Ethereum 2.0 Possible, But Developer Outlined a Fix Before the Merge
ProShares and digital asset manager VanEck had filed applications with the SEC to launch ETFs on ethereum earlier this year, but they subsequently pulled their plans. Both ProShares and VanEck declined to comment on their reasoning. Valkyrie’s McClurg said that due to thin trading activity in ethereum futures markets, expecting regulatory approval before the end of next year was a “long shot”.
For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Sign Up Related Companies Binance Ant Financial Lead Channel Wholesale banking Regulation & Compliance Retail banking Cryptocurrency
Cryptocurrency markets move according to supply and demand. However, as they are decentralised, they tend to remain free from many of the economic and political concerns that affect traditional currencies. While there is still a lot of uncertainty surrounding cryptocurrencies, the following factors can have a significant impact on their prices: Supply: the total number of coins and the rate at which they are released, destroyed or lost Market capitalisation: the value of all the coins in existence and how users perceive this to be developing Press: the way the cryptocurrency is portrayed in the media and how much coverage it is getting Integration: the extent to which the cryptocurrency easily integrates into existing infrastructure such as e-commerce payment systems Key events: major events such as regulatory updates, security breaches and economic setbacks
However, while there are some organisations that accept it as currency, others shy away due to Bitcoin’s dramatic price swings. Driven largely by speculation, the price per Bitcoin rose sharply from $1,151 in January 2017, to an all-time high of $19,783 in December the same year.* It then dropped to below $7,000 by February 2018 and rallied again to around $11,000 over a matter of days, before plunging once more to trade below $4,000. Subsequently, one of the key characteristics of Bitcoin that traders should understand is its potential for extreme volatility.
The bullish rise and increased confidence in Bitcoin will likely see it remain at prices fluctuating around a $60,000 threshold but with increased resistance as it looks toward a $100,000 price prediction.
A chart that tracks price movement patterns and portrays it as a scam. “Bravo Binance US” reported @Crypto Chase account with over 55,000 subscribers.
If you invest in crypto and blockchain projects, this is the essential app for you to track their health and activity. Get descriptions, charts – including candlestick charts, daily historical OHLCV data – and links to each project in the same place. Get only the latest and greatest!
🔥 How To Stay in the Loop 🔥Follow us on Twitter @CoveMarketsJoin our active Reddit communityParticipate in daily discussions in our Telegram group
“Ethereum is metaverse infrastructure and ETH is metaverse money,” Hoffman added.
If a trader carries out cryptocurrency transactions often, any profit from there on would be taxable as business income. If cryptocurrencies are held as ‘stock-in-trade,' the income arising from there will also attract tax.
Cryptocurrency is a highly volatile, speculative investment. Only invest in crypto what you’re prepared to lose, and make sure you have other financial priorities in place first: save money in an emergency fund, contribute to retirement savings, and pay off any high-interest debt balances.
cryptocurrency price todayshiba inubitcoinshiba inu price todaybitcoin price today
Given the hype and ironic humor around its release, the currency attracted a cult following among cryptocurrency enthusiasts. Undaunted, West’s legal team filed suit, compelling the creators to sell their holdings and shut down Coinye’s website.