Bitcoin remains effectively unmoved after a choppy week of resistance and ranging price action. At the time of writing, the price of Bitcoin (BTC) sits at $61,526.92, representing a stubborn seven-day increase of 3.78 per cent.
Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Dogecoin, Solana zoom 8%; Shiba Inu in top 15 list
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“You have a high chance of losing it all, but a small chance of winning it big,” says Nate Nieri, a CFP with Modern Money Management in San Diego, California. “Don’t gamble an amount that would burden your family or prevent you from achieving your goals” if you lost it all, he says.
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Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of shiba inu coin to a Covid-19 relief fund in India.
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
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Netflix's subscriptions saw a bounce when the program was released. According to Bloomberg, the Korean series is thought to be worth some $900m to the streaming giant, after costing just $21.4m to make.
3 reasons why DeFi users are bullish on Abracadabra, Magic Internet Money and SPELL
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Another property of Safemoon which has attracted wide criticism is the ownership pattern of the current supply of the token. A large proportion of Safemoon’s total liquidity is owned by members of the founding team. Although these funds are in a so-called lock-up, such concentration of ownership is often a cause for serious concern in the crypto space. In part, this concern is because of the influence that major holders—called whales—have over price movements when they sell.
Since then “the group has had a decidedly low profile. It has an active online fundraising page, but its website is offline. A Facebook page is ‘liked’ by only nine people. Its Twitter account has zero followers and only one tweet from April, soliciting input for a survey on veterans’ concerns. A search of media databases shows no instance of the group being mentioned in news stories.”
“The events of the last couple days and weeks have made me think: I have to get involved in something beyond bitcoin. I see what Elon does. He’s pulling levers, so one day doge is good next it’s bad: bitcoin good, bitcoin bad.”
There is a lot of volatility in the cryptocurrency space due to the industry’s newness. Investors are seeking to experiment with their money to generate riches quickly and figure out how cryptocurrency prices vary and whether they can affect them.
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