Though both assets posted a quick recovery, the event has made a significant impact on the market. Bitcoin retraced by 7.4% a few hours after making a new all-time high at $67,000.
Support from the broader market would be needed for Bitcoin to break back through to $62,000 levels.
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Despite those benefits, Binance.US is much less transparent than many competitor exchanges when it comes to security, storage options, and customer assistance. For most long-term, retirement-minded investors, we’d recommend sticking with exchanges such as Coinbase or Gemini, which are much more transparent about these key operations.
On Wednesday 27 October, Bitcoin’s price was trading down by roughly 6.5% on the last 24 hours – falling from a 24 hour high of $63,064 to $58,500 as of 10.45 this morning.
The move comes a week after the Securities and Exchange Commission cleared the way for the launch of the first bitcoin-linked ETF. Investors poured more than $1bn in to the ProShares Bitcoin Strategy fund, prompting it to buy up futures contracts that track the price of bitcoin. This, in turn, propelled the price of bitcoin to an all-time high.
At the time of writing, Bitcoin was up by 0.43% to $61,266.0. A mixed start to the day saw Bitcoin fall to an early morning low $60,844.0 before rising to a high $61,299.0.
Brits are being warned they risk losing all of their money if they invest in bitcoin and other cryptocurrencies.
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Burger King announced it is partnering with RobinHood to give away cryptocurrency in a promotion that started this month.
This game includes optional in-game purchases of virtual currency that can be used to acquire virtual in-game items, including a random selection of virtual in-game items. Caustic Fuse
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The sudden spike in selling pressure pushed the flagship cryptocurrency to a low of $62,050, easing nearly 5,000 points in market value. Although prices have bounced back above $63,000 in the last few hours, it remains to be seen whether BTC can hold above support.
Crypto.com Coin surged by 33.85% to lead the way, with Binance Coin (+8.66%) and Chainlink (+5.91%) also finding strong support.
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4JNET strives to provide investors with long-lasting projects and maintains transparency in how to invest. First of all, the limited edition NFT of 4JNET was released on October 20th. A total of 5,000 limited edition NFTs will be sold in advance, which will be carried out prior to the token launch on December 1.
Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March.