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The Binance Smart Chain runs in parallel with the Binance Chain, which was designed primarily for ultra-fast trading. BNB — the native cryptocurrency of the Binance chain — is currently ranked third with a total market value of US$88.7 billion, after Ethereum’s US$311 billion.
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Any close below the 50% Fibonacci ratio could trigger increased selling pressure for Safemoon price. The 161.8% Fibonacci expansion sits right on top of the 2021 Volume Point Of Control at $0.0000026 and above Senkou Span B at $0.0000024. If SafeMoon price can maintain support near the 50% Fibonacci retracement, the most likely scenario is a consolidative market.
Coronation StreetInstead, fans of the Weatherfield based soap reckon he is only after Steve’s charity money
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Elon Musk: Tesla 'most likely' to accept Bitcoin again following suspension over environmental concerns
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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.
Bitcoin made a slight recovery to well over $1,000 but by March 2017, dropped back down to below $1,000 when the SEC denied the go-ahead for a Bitcoin ETF. The overall market cap dropped $5 billion in two days.
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You can earn rewards through the exchange by holding certain coins in your Binance.US account — a strategy called “staking.” According to Binance.US, staking helps support the operations of these coins’ blockchains.
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Up 9% this week alone, ETH might have further to go in the near term, according to Fundstrat Global Investment Advisors.
Bitcoin would need to move through the $61,447 pivot to bring the first major resistance level at $62,158 into play.
The Bitcoin dip could be a sign of traders pulling back from new all-time highs for the cryptocurrency and hedging their bets as market analysts project that Bitcoin could reach a landmark $100,000 threshold in the near future.