Monthly Archives: November, 2021

As Bitcoin’s price stabilizes, altcoins outperform.

The rise in altcoins suggests a greater appetite for risk among traders. After4 percent drop in the previous week, Bitcoin's price is beginning to stabilize. According to technical indicators, the cryptocurrency was trading around $57,000 at press time and could rise to $60,000-$63,000 in the near future. Due to the Thanksgiving holiday in the United States on Thursday, analysts expect trading volumes to fall this week. "Over the last three years, we've had downward volatility every time around this holiday," CryptoQuant wrote in a blog post. "This could be due to end of month rotations, options/futures expiries, and rebalancing." Bitcoin has increased by about 3% in the last 24 hours, while ether has increased by 8%. Latest prices Bitcoin (BTC): $57,854, +3.83%Ether (ETH): $4,382, +8.32%S&P 500: $4,690, +0.17%Gold: $1,791,...

NFTs are taxable in South Korea, as per the financial authority.

Korean lawmakers plan to impose taxes on NFTs after classifying them as virtual assets. Nonfungible tokens, or NFTs, will be taxed beginning next year, according...

The latest and largest NFT charity auction has been announced by Sotheby’s Metaverse.

Sotheby’s, the world’s oldest art and luxury auction house, announced its collaboration with the public health care advocate and nonprofit organization Sostento to auction off its...

Biden Renominates Powell to Lead the Fed

U.S. President Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on...

El Salvador will issue a $1 billion Bitcoin bond to enable fund development of ‘Bitcoin City.’

President Nayib Bukele told a huge crowd at Bitcoin Week in El Salvador on Saturday night that El Salvador, the only country where bitcoin...

Australia’s Largest Bank Sees ‘Bigger Risks in Not Participating’ in Crypto

The CEO of Australia's largest bank, Commonwealth Bank of Australia (CBA), sees significant risks in not investing in bitcoin. He explained, "We see risks in participating, but we see bigger risks in not participating." In an interview with Bloomberg Television in Sydney on Thursday, Commonwealth Bank of Australia CEO Matt Comyn discussed the fear of missing out...

Three reasons why Bitcoin’s dip below $56.5K could be the local bottom.

"Expect the unexpected" is the first rule of Bitcoin (BTC) trading. There have been five instances of 20 per cent or more daily gains in the last year, as well as five intraday 18 per cent drawdowns. Compared to recent peaks, the volatility over the last three months has been rather low. Traders new to Bitcoin, whether multibillion-dollar institutional fund managers or ordinary investors are often enthralled by a 19 per cent drop following a local top. Many people are even more surprised by the fact that the current $13,360 correction from the all-time high of $69,000 on November 10 took place over nine days. Liquidations were not triggered as a result of the negative move.Cryptocurrency traders are infamous for using huge leverage, and roughly...

Instead of Bitcoin, here’s what you should have bought last week.

Altcoins normally follow Bitcoin, but the most savvy crypto traders can convert BTC dips into buying opportunities.We've previously stated that the relationship between Bitcoin's...

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