The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin.
Earlier today, Bitcoin (CRYPTO: BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world's top crypto exchange Binance.
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In late July, Elon Musk said Tesla was "most likely" to start accepting bitcoin as payment again. The comment helped the cryptocurrency race past the $30,000 level.
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Dogecoin, founded in 2012 as a joke, has drawn widespread attention from high-profile personalities such as billionaire entrepreneur Elon Musk and rapper Snoop Dogg.
But some say the BITO ETF is not enough, because while the fund is linked to Bitcoin, it does not actually hold the crypto directly. The fund instead holds Bitcoin futures contracts. While Bitcoin futures follow the general trends of the actual crypto, experts say it may not track the price of Bitcoin directly. For now, investors must continue waiting for an ETF that holds Bitcoin directly.
If this type of extreme drop bothers you, you may have too much riding on your crypto investments. You should only invest what you’re OK losing. But even if the drop is making you rethink your crypto allocations, the same advice still stands — don’t act rashly or upend your strategy too quickly. Reconsider what you might be more comfortable with going forward, such as allocating less to crypto in the future or diversifying through crypto-related stocks and blockchain funds rather than directly buying crypto (though you should still expect volatility when cryptocurrency markets fluctuate).
Risk management is a key consideration when trading cryptocurrencies, particularly as the markets can be so volatile. It is important to set stop losses and limit orders; decide how much you can afford to lose and make sure your trading plan reflects these decisions. Crypto Update: Bitcoin (BTC) Struggles to Push Higher as Ethereum (ETH) Takes the Spotlight Market News Market Overview Real-Time News Forecasts Market Outlook Trading Strategies Strategies Overview Sentiment Analyst Picks Support & Resistance Pivot Points Market Data Rates Live Chart Calendars Economic Calendar Central Bank Rates Education Trading courses Free Trading Guides Live Webinars Trading Research Education Archive DailyFX About Us Authors Contact Archive Cookies Risk Warning Privacy T&C Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. FX PUBLICATIONS IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.
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The result of this saw Bitcoin’s highest prices sliced in half in June, with the coin struggling to break out of the low to mid $30k price range until it received a welcome boost from Tesla founder Elon Musk in his appearance at major Bitcoin conference in July.
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Cardano (CCC:ADA-USD) cryptocurrency has been floating down in the past two months. Even though ADA is ranked number 6 by CoinMarketCap with a $68.9 billion market value as of Nov. 3, it has actually been higher. As of yesterday, it was trading at $2.07 per token. This is well off where it was both one month and two months ago. Source: Shutterstock In fact, just one month ago I wrote that Cardano was ranked number 4 in terms of market capitalization. That was when it was trading at $2.27. On top
Polkadot (CCC:DOT-USD) is now the 8th-largest cryptocurrency, according to Coinmarketcap. Its market capitalization was $52.8 billion at $53.37 just after the U.S. market closed on Nov. 3. This means DOT crypto has been on a stellar run in the past several months. There is every reason to believe that this upswing will continue. Source: Zeedign.com / Shutterstock.com For example, when I last wrote about DOT crypto, it was at $37.73 as of Sept. 14. Since then the crypto has risen 41.5% in the spa
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Home Guide News Reviews Features Opinions Videos The Gadgets 360 Show Cell Guru Smartphone Reviews Tech and Gadget Reviews How-To Videos Video Game Reviews and Features Top Lists by Gadgets 360 Unboxing and Hands-On Videos Podcasts Product Finder Mobiles Laptops TV Tablets Smart Watches Headphones Cameras Gaming Consoles Smart Bands Speakers Smart Speakers AC Games Refrigerator Air Cooler Air Purifier Compare Mobiles Laptops TV Tablets Smart Watches Headphones Cameras Gaming Consoles Smart Bands Speakers Smart Speakers AC Games Refrigerator Air Cooler Air Purifier Community Recharge Broadband Plans DTH Recharge Mobile Recharge More Amazon Sale Best Buy Cryptocurrency Prices DEALS Digital Gold Gold Rate Movies Service Centers Mobiles Telecom Smart Home How To Gaming Entertainment Cryptocurrency Audio TV PC/Laptops Apps Tablets Science Wearables हिंदी Cryptocurrency Prices in India Today: Compare Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple Prices Across CoinSwitch, Coinbase, Wazirx, and Other Major Exchanges Check and compare cryptocurrency prices. Find out how much your bitcoins are worth, or compare prices, and check market cap. You can check the prices for Ethereum, Litecoin, Ripple, Dogecoin across all the top Indian exchanges here. -0.19% ₹ 86.1T ₹ 2.3T Buy on CoinSwitch +9 options -1.30% ₹ 39.5T ₹ 1.1T Buy on CoinSwitch +8 options +1.14% ₹ 5.3T ₹ 5.6T Buy on CoinSwitch +6 options +0.34% ₹ 5.0T ₹ 168.1B Buy on CoinSwitch +7 options -0.40% ₹ 4.1T ₹ 243.0B Buy on CoinSwitch +7 options -2.03% ₹ 3.8T ₹ 130.8B Buy on CoinSwitch +5 options -0.66% ₹ 2.6T ₹ 118.2B Buy on CoinSwitch +7 options +1.09% ₹ 2.5T ₹ 279.0B Buy on CoinSwitch +4 options +18.49% ₹ 2.5T ₹ 278.0B Buy on Binance +4 options -2.31% ₹ 1.2T ₹ 22.0B Buy on CoinSwitch +5 options -4.46% ₹ 1.1T ₹ 113.2B Buy on CoinSwitch +7 options -1.97% ₹ 1.0T ₹ 114.8B Buy on CoinSwitch +7 options -1.92% ₹ 966.3B ₹ 58.1B Buy on CoinSwitch +6 options -2.68% ₹ 818.6B ₹ 2.8B Buy on Binance +6 options -2.37% ₹ 653.6B ₹ 34.8B Buy on CoinSwitch +6 options -4.89% ₹ 612.9B ₹ 33.2B Buy on CoinSwitch +4 options -2.61% ₹ 552.6B ₹ 123.7B Buy on CoinSwitch +7 options -2.38% ₹ 461.8B ₹ 13.2B Buy on CoinSwitch +4 options -2.34% ₹ 340.6B ₹ 208.0M Buy on Coinbase +4 options -2.08% ₹ 324.1B ₹ 59.9B Buy on CoinSwitch +6 options -4.84% ₹ 272.4B ₹ 6.2B Buy on BuyUcoin +1 option -3.65% ₹ 237.3B ₹ 21.0B Buy on CoinSwitch +5 options -3.29% ₹ 235.7B ₹ 218.9M Buy on Coinbase +2 options -2.49% ₹ 154.1B ₹ 2.3B Buy on Binance +3 options -2.29% ₹ 151.5B ₹ 16.4B Buy on CoinSwitch +5 options -6.02% ₹ 144.9B ₹ 37.7B Buy on CoinSwitch +5 options +4.85% ₹ 123.6B ₹ 7.1B Buy on Binance +3 options -5.98% ₹ 113.1B ₹ 16.1B Buy on CoinSwitch +4 options -5.65% ₹ 97.3B ₹ 8.9B Buy on CoinSwitch +6 options -3.33% ₹ 25.4B ₹ 1.2B Buy on CoinSwitch +2 options -2.14% ₹ 20.2B ₹ 1.5B Buy on CoinSwitch +4 options +1.76% ₹ 17.1B ₹ 2.6B Buy on CoinMarketCap +1 option -1.92% ₹ 7.4B ₹ 934.0M Buy on CoinSwitch +3 options -2.33% ₹ 6.7B ₹ 635.7M Buy on CoinSwitch +3 options -1.14% ₹ 67.6M ₹ 46,950 Buy on CoinMarketCap +1 option -0.06% - ₹ 0.00000001 Buy on CoinMarketCap +1 option -20.89% - ₹ 596.3M Buy on CoinMarketCap -2.30% - ₹ 0.00000001 Buy on CoinMarketCap -5.56% - ₹ 1,72,874 Buy on Coinbase +1 option +14.62% - ₹ 1,31,819 Buy on Coinbase +1 option +17.25% - ₹ 13.2M Buy on CoinMarketCap +15.59% - ₹ 73.0M Buy on Coinbase +1 option -1.00% - ₹ 16.6M Buy on Coinbase +1 option
Overall, and according to the historical behavior of the altcoins, SAFEMOON could not be the exemption regarding a bullish mood at the end of the year once it clears out the critical hurdles on the path to the north. Thus, the optimistic scenario could get invalidated with a breakout below the $0.0000025 level, which belongs to the tops formed in the second half of October.
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