BITCOIN fell on Wednesday even as Shiba Inu posted gains, and Ethereum and Solana also recorded drops in value, which could be a sign that traders are “hedging their bets.”
Bitcoin rose from a 24-hour high of $ 63,064 to $ 58,500 on Wednesday morning, according to The Scotsman.
Ethereum, Ripple, Solana and Cardano are also down, the outlet reported.
However, Shiba Inu saw a price spike of nearly 40% on Wednesday morning.
“Bitcoin’s drop could be a sign that traders are pulling back from new all-time highs for cryptocurrency and hedging their bets as market analysts predict Bitcoin could hit an all-time high of $ 100,000 in the near future.” , suggested the point of sale.
Meanwhile, AMC’s CEO has said the company may issue its own coin and plans to accept Bitcoin payments for movie tickets by the end of the year.
Payment options for the theater expanded in September and now include Bitcoin Cash (BCH), Ether (ETH), and Litecoin (LTC). In October, the company added Dogecoin (DOGE) to the crypto payment options.
Read our live cryptocurrency blog for the latest news and updates …
BANKS CAN REGULATE THE CRYPTO
U.S. officials are said to be exploring how banks could hold cryptocurrencies, with the aim of regulating the asset.
Crypto is growing rapidly and if it continues to grow outside of banks, federal regulators will not be able to control it.
THE POTENTIAL TO BECOME RICH
The early success of crypto may look promising to those looking to integrate it.
BITCOIN PREFERENCE IS INCREASING
With the boom in cryptocurrency, more and more people prefer Bitcoin as their currency.
BITCOIN LATINUM ANNOUNCES ITS LISTING ON THE BEST CRYPTO EXCHANGES
Bitcoin Latinum (LTNM) is gaining momentum as it announced today that it plans to be listed on HitBTC Exchange, which is one of the top crypto exchanges.
Official negotiations are expected to start at the end of this year.
Bitcoin Latinum was developed on behalf of the Bitcoin Latinum Foundation, by Monsoon Blockchain Corporation.
The cryptocurrency is expanding its global acceptance, with the HitBTC exchange being the seventh exchange to list Bitcoin Latinum.
WHAT ARE ALTCOINS?
Altcoin stands for alternative coin, a type of virtual currency that uses blockchain to enable secure transactions.
Altcoin is a category of cryptocurrency rather than a currency itself, and there are over 900 different altcoins available.
Simon Peters, crypto-asset analyst at eToro, said: “They are building on the success of bitcoin by slightly changing the rules, economics or use cases to attract different users.”
“Altcoins vary widely in their use cases and practical applications. They usually have some form of technology that they underpin or provide a liquidity solution to a product or service.
WHAT IS COTI?
Coti is a blockchain platform with tools that allow organizations to build their own payment solution.
For example, traders can create branded stablecoins to improve customers’ payment options.
The platform also has its own token of the same name.
The Coti group was first launched in 2017, “Coti” being the acronym for “Internet currency”.
WHAT IS NUCYPHER? CONTINUED
This allows users to share private data with a number of other people in a secure manner.
Holders of its NU token can stake their tokens through the network to operate a node, which is responsible for creating and sending information.
Interestingly, the NuCypher token is an ERC-20, which means it’s built on Ethereum.
WHAT IS NUCYPHER?
NuCypher was founded by Michael Egorov MacLane Wilkison in 2015, but it was not until 2019 that the public test network for the NuCypher network was launched.
NuCypher works specifically as a decentralized key management system that uses blockchain technology.
On October 15, NuCypher exploded at one point by over 1,100% to hit a new all-time high of $ 3.5819.
Gains cooled a bit, but the cryptocurrency was still up 400% to $ 1.52, according to CoinMarketCap.
RISKS OF ROBINHOOD, PART THREE
In July, the platform was also ordered to pay nearly $ 70 million in fines and compensation for deceitful customers and outages.
If you are looking for a discount broker and want to open an IRA account, you can check out the following platforms: Vanguard, Fidelity, TD Ameritrade, Merrill Edge, among others.
RISKS OF ROBINHOOD, PART TWO
To invest in individual stocks, be sure to check company reports, Securities and Exchange Commission (SEC) records, broker ratings, and press releases so you can make the best decisions for your money.
Another risk when choosing Robinhood with other brokers is that they may restrict trading if there is unusual activity.
In fact, Robinhood faced some outrage earlier this year when it restricted trading in meme stocks, most notably GameStop and AMC.
RISKS OF ROBINHOOD
When it comes to risk, investing alone is one because you are not guaranteed to generate a profit and the value of your assets could drop.
If you choose Robinhood to be able to trade stocks and cryptocurrencies, the game becomes even riskier.
Cryptocurrencies are not only difficult to understand, but even more difficult to predict when downtrends in the market will occur.
For example, cryptocurrency was booming this year until Elon Musk said Tesla was stopping accepting Bitcoin payments.
Since then, the spaced crypto has endured volatility.
WHAT IS ROBINHOOD? CONTINUED
Unlike many discount brokers, the company does not offer individual retirement accounts.
The bulk of Robinhood’s revenue comes from order flow.
WHAT IS ROBINHOOD?
The Robinhood platform operates as a discount brokerage firm that offers commission-free transactions.
Specifically, users can trade in exchange traded funds (ETFs), individual stocks (including US custodian stocks), and options.
You can also trade Robinhood shares through the company’s IPO at a valuation of $ 1.2 billion.
SOLANA’S SCALABILITY, CONTINUED
Myron Jobson, personal finance activist at Interactive Investor, told The Sun: “The collection of 10,000 works of art was sold in less than 10 minutes. Each coin has been “struck” using the SOL token. “
He added that “there is a feeling among crypto evangelists that Solana has bolstered its status as a credible challenger to Ethereum as the blockchain of choice for building decentralized applications.”
“EVALUATION EVALUATION TEST”
Solana is on the rise following a “milestone scalability test” last month.
It hosted the Degenerate Ape Academy, a collection of digital artwork (NFT) on Solanart, a marketplace on the Solana network.
CRYPTO AUDIO STREAMING, CONTINUED
According to Audius, more than 5.3 million people have used the platform this month.
Audio has been listed on CoinMarketCap since October 2020 and has gained in value following a deal with Chinese social media giant TikTok.
CRYPTO AUDIO BROADCAST
Audius is a cryptography-based music streaming platform.
It is owned and controlled by the token holders – and the tokens are called Audio.
NEW CRYPTO-CURRENCIES RELEASED IN 2021 (part 4)
Red Shiba is a BSC token available on PancakeSwap.
It is described as “a token of the Red universe, it aims to strengthen the ecosystem that the Red Team designs, a universe without Carpet, Fair play and beneficial to all fans of memes tokens”.
It was inspired by the very successful Shiba Inu Token.
NEW CRYPTO-CURRENCIES RELEASED IN 2021 (part 3)
The Landshare coin premiered on August 2, 2021.
It was initially valued at just over £ 2.60, rising to £ 4.10 on August 14.
Market capitalization is now over £ 1million.
Landshare is a DeFi platform on the Binance Smart Chain.
It offers a hassle-free alternative to traditional real estate investments.
NEW CRYPTO-CURRENCIES RELEASED IN 2021 (part 2)
As their website states: “Orica is designed for new cryptocurrency users.
“Orica is designed for those who have a personal appreciation for creativity and are looking for great art.”
CoinMarketCap’s current rank is # 4186.
NEW CRYPTO-CURRENCIES RELEASED IN 2021
BitClout is an open source cryptocurrency project and social media platform.
Users can buy and sell “designer pieces” – based on their reputation.
For example, when they do something positive, the coin increases in value.
When the coin hit the market in June, it started trading at £ 129, but plunged to £ 50 in August.
COULD BITCOIN REPLACE THE DOLLAR?
Bitcoin could be on the verge of overtaking the dollar by 2030 as a global reserve currency, some burgeoning cryptocurrency experts believe.
Digital currency hit an all-time high against the U.S. dollar on Wednesday when a single Bitcoin traded near $ 67,000.
Bitcoin Community Leaders Say It Is On The Way To Exceed The Value Of All The Money In The World, And It Will ‘Easily’ Have Over 1 Billion Users Over The Next Five Years .
With national currencies currently devalued by central banks through money printing and Bitcoin’s built-in cap of 21 million coins, they argue that we may be on the verge of ‘hyperbitcoinizing’.
HOW MUCH HAS THE VALUE OF BITCOIN CHANGED?
Bitcoin has jumped 26% over the past month.
Part of the gains can be attributed to Gary Gensler, chairman of the United States Securities and Exchange Commission, reiterating his support for Bitcoin exchange-traded funds (ETFs).
Instead of buying Bitcoin directly, this decision means you are investing in futures.
LITECOIN VS. BITCOIN, CONTINUED
Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.
Although Litecoin is smaller, it is a faster and cheaper alternative to Bitcoin.
the-sun : Cryptocurrency Price News – Shiba Inu Soars As Bitcoin Dips Below $ 60,000 And Ethereum And Solana Also Dip