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El Salvador Buys The Dip: 420 More Bitcoins —And The Investment Is Already Profitable

The president of El Salvador has done it again. As a good Bitcoin maximalist, the price crash didn’t scare him, and instead of complaining or tweeting that his precious coin was going to $0, he just bought more Bitcoin, A LOT of Bitcoin. In a tweet shared a few hours ago, Nayib Bukele announced that he bought the dip. Buying the dip is an expression that refers to taking advantage of a bear market to buy a cheap asset during the crash and then waiting to profit once the...

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Singapore’s Central Bank Chairman Shows Openness to Stablecoins 

Bankers and government officials around the world are proving more welcoming to crypto than ever before. Tharman Shanmugaratnam – Singapore’s Central Bank Chairman – recently stated that cryptocurrency has a place in the country’s financial sector. All it needs are some regulations around illicit finance. A Place For Stablecoins The chairman showed his support at the Asia Financial Markets Forum on Wednesday. He said that the technology’s financial use-cases could extend...

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Bitcoin At $5 Million? Some Analysts Think So…

Bitcoin has been surging crazily as of late. The world’s number one digital currency by market cap jumped to about $66,000 per unit about a week ago, though at press time, the asset has fallen to about $63,000. Still, the currency seems to be on a roll. Bitcoin Is Headed for the Moon According to a panel of approximately 50 crypto experts, the asset is going to surge even further throughout the year. Some believe that the currency will potentially hit $80,000 before...

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Shiba Inu Breaks ATH, Eyes Top 10 Largest Coins After 850% Monthly ROI

What started as a joke cryptocurrency is now becoming a serious investment for retail traders. Shiba Inu (SHIB) has made tremendous gains in the past month – outperforming other cryptocurrencies and hitting consecutive all-time high records with the latest at over $0.000068 earlier on October 27th. Another ATH for SHIB The crypto meme, which promised to be a Dogecoin-killer upon its launch last year, has surged nearly 900% in the past month, 100% in the last seven days, and...

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Bitcoin Price Analysis: BTC Dropped 13% From ATH, Is Bullish Sentiment Intact?

Bitcoin’s price went through a lot in the past few days. Last Wednesday, exactly a week ago, the cryptocurrency painted a fresh all-time high at roughly $67K (on Bitstamp). Now, BTC is trading at around $59K, having dipped to as low as $58K for a 13% decline since its peak. With this, it’s important to examine what caused the correction and if the bullish sentiment remains intact. The below summarizes what happened today, its cause, and what can be expected based on the...

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Launch Platform CoinList Now Valued at $1.5 Billion Following $100 Million Fundraiser

Crypto exchange and token listing platform CoinList has recently announced the completion of its Series A funding round, which raised $100 million from industry investors. In an official blog post, CoinList noted that the funds will be geared toward scaling its services and operations and supporting its global community of early adopters. A $1.5B Market Valuation Graham Jenkins, the company’s CEO, commented that the company will look to “deepen” its relationships with its...

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Over $900 Million Liquidated Today as Market Cap Loses $150 Billion

The cryptocurrency market took a hit today as its capitalization lost around $150 billion in the past few hours. This also saw a little over $900 million worth of long and short positions liquidated. As we reported earlier today, bitcoin’s price tumbled below $60K and tested the support found at $58.3K. This sent the entire market downwards as almost all cryptocurrencies saw double-digit declines with the exception of a few. Shiba Inu’s SHIB, AAVE, and 1inch were the major...

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Ethereum Price Analysis: ETH Dips Below $4K, Can Bulls Defend the Important Level?

Key Support level: $3,969 , $3,500 Key Resistance level: $4,380 Ethereum’s (ETH) failure to break the all-time high early this morning quickly changed the market sentiment, and bears took full control for a brief period. In the early hours of this morning, Ethereum attempted to break the all-time high, but it was stopped at $4,332 – just $50 below it. Once bulls realized they can’t push the price higher, the action was in the hands of the bears that did not hesitate and...

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Tron (TRX) Price Analysis: More Gains Possible Above $0.105

Tron price is forming a base above the $0.1000 zone against the US Dollar. TRX price is now trading above $0.1000 and the 55 simple moving average (4-hours). There is a connecting bullish trend line forming with support near $0.0995 on the 4-hours chart (data feed via Bitfinex). The pair could start a major increase if there is a clear break above the $0.1050 resistance. TRON price remained well bid above $0.0980 against the US Dollar, similar to bitcoin. TRX price is...

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Bitcoin Price Analysis: BTC Could Correct Lower Below $60K

Bitcoin price started a downside correction from well above the $64,000 zone against the US Dollar. The price is now trading below $62,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $63,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below $59,500. Bitcoin price is back below the $62,000 pivot level against the US Dollar....

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