Bitcoin price slide continues after sudden crash – follow live

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After a brief jump in bitcoin’s value following a major upgrade to its network early last week, the cryptocurrency has fallen below $58,000 on Monday.

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Several other major cryptocurrencies, including Ethereum (Ether), Solana (SOL), and Cardano (ADA), as well as meme coins Dogecoin and Shib Inu, have also declined in value over the past week.

Most of the top 10 cryptocurrencies are down between 2 and 4 percent in the past 24 hours.

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With the rollout of the long-awaited Taproot update late last week, the price of bitcoin has plummeted to around $58,000, which has improved both BTC’s privacy and security.

The price drop since last week has wiped out more than a hundred billion dollars from the total crypto market, although it remains above $2.5 trillion.

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You can follow all the latest news, analysis and expert price predictions here.

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The prices of several cryptocurrencies, including bitcoin and ethereum, are down by more than 2% in the past 24 hours.

The overall crypto market also fell over 2% in the last day and is currently valued at around $2.58 trillion.

The value of bitcoin has fallen by about 2.5 percent in the past 24 hours, while Ethereum and Cardano have also lost more than 4 percent.

While the solana has risen more than 5 percent in the last day, it is still down about 7 percent from its value a week ago.

Meme coin Dogecoin and its spinoff cryptocurrency Shiba Inu are also down over 3% over the past 24 hours.

The chart still looks red and there are no signs of recovery as of now.

Cryptocurrency prices in the last 24 hours

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Cryptocurrency prices in the last 24 hours

Vishwam Shankarani22 November 2021 03:17
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Crypto Cashback Scheme Boosts Bitcoin Adoption

Dozens of UK retailers are reportedly ready to offer customers cashback in the form of bitcoin for online purchases.

According to fintech firm Mod, which will offer up to 10 percent cashback from 2022, lakhs of customers will benefit from the loyalty scheme.

“This is a huge step forward in making the asset class more accessible to consumers of all demographics, ultimately bringing bitcoin into the hands of millions of customers across the UK,” said Mode CEO Ryan Moore.

You can read the full story here:

Bitcoin Cashback Offered to Millions of People in the UK Through Crypto Scheme

Fintech firm Mode says it will bring BTC ‘into the hands of millions of customers across the UK’.

Anthony Cuthbertson18 November 2021 20:20
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Has the price of bitcoin come down?

Bitcoin briefly dipped below $57,000 but is now heading upwards, leading many to expect this could be the end of the price slide.

During that fall, we received a new survey from uk.Investing, which found that nearly three quarters of bitcoin investors believe it is still at a new all-time high above $70,000 before the end of 2021. will reach.

“A new generation of investors who entered the market following the rise of commission-free trading during the pandemic is changing the crypto space,” said Jesse Cohen, senior analyst at uk.Investing.com. Granthshala, “They are more likely to invest in riskier cryptocurrencies than the older generation and are doing their research on platforms like Twitter, Reddit and TikTok rather than focusing on Wall Street experts.”

Anthony Cuthbertson18 November 2021 18:42
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Bitcoin price continues to fall

Bitcoin is now trading below $58,000, which marks a price decline from $10,000 since last week’s high.

According to CoinMarketCap’s price index, it dropped to as low as $57,372.51, with no immediate indication that the slide is over.

Ethereum (ether) is also testing the psychological barrier of $4,000, having fallen by more than 5 percent in the past 24 hours. The leading crypto’s biggest loser comes from Solana, which is now down more than 10 percent from yesterday’s time.

We’ll have some expert feedback on the latest pitfalls to come…

Anthony Cuthbertson18 November 2021 16:51
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Bitcoin bulls ready for ‘moonvember’

As the price of bitcoin continues to slide – it is currently trading above $58,000 – some of its fanatical and most bullish advocates are completely perplexed by the market drop.

Dan Held, the aptly named Dan Held who founded cryptocurrency exchange Kraken, expects BTC to still see new all-time highs before the end of the month. With only 12 days left, bitcoin would need to rise to $1,000 every day to realize this.

Anthony Cuthbertson18 November 2021 15:41
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bitcoin price falls below $59k

Bitcoin has fallen from the $59,000-$61,000 channel it has been trading in over the past few days, falling just below it to reach its lowest level since late October.

There is no immediately clear reason for the price drop, although it represents a drop of only a few percent from yesterday’s time.

Investors will watch closely over the next few hours to see if this downward momentum continues or if it is once again testing its lower range.

Anthony Cuthbertson18 November 2021 13:39
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Huge Bitcoin Sale by US Department of Justice

The US Department of Justice is selling $56 million worth of cryptocurrency seized during its Bitconnect investigation.

Thousands of people were scammed from an estimated $2 billion worth of bitcoin in 2017, in what the department described as “the largest single recovery of cryptocurrency fraud by the United States to date”.

The cryptocurrency sold will go toward compensation to the victims, who have been encouraged to visit the Justice Department website for information on how to make the claim.

Anthony Cuthbertson18 November 2021 13:13
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Bitcoin holders ‘refusing to sell’ since 2017

New data shows that those who bought bitcoin at the height of the 2017 bull run are refusing to sell their holdings in 2021, even as the cryptocurrency hits new all-time highs.

HODL Waves metrics, previously noted by CoinTelegraph, show that investors who entered the market when BTC price hit $20,000 or less have not yet cashed in on any significant number of their profits. .

Crypto analyst Will Clemente wrote on Twitter, “Currently seeing dormancy flows so low means older coins are relatively dormant.” “The Bitcoin Bull Market Still Has A Way To Go Metric-wise.”

Anthony Cuthbertson18 November 2021 09:34
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The prices of several cryptocurrencies, including bitcoin and ethereum, have corrected slightly after Tuesday’s flash crash, with the global crypto market rising nearly 4 percent over the past 24 hours.

Bitcoin is up more than 2% in the past day and is currently valued at around $60,500 – far less than its pre-crash price of over $65,000.

Ethereum’s value has also risen by about 5 percent over the past 24 hours, but is still down more than 7 percent compared to its price a week ago.

Other major cryptocurrencies including Solana, Cardano and Polkadot have also risen over the past 24 hours, but are still undervalued compared to prices 7 days ago.

Meme coins Dogecoin and Shiba Inu are also showing signs of recovery after Tuesday’s crash.

While the top 10 major cryptocurrencies are showing signs of recovery, the overall crypto market is yet to reach its pre-crash value.

Cryptocurrency prices in the last 24 hours

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Cryptocurrency prices in the last 24 hours

Vishwam Shankarani18 November 2021 03:28
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Is bitcoin better than gold?

Following MicroStrategy CEO Michael Saylor’s comments yesterday that “Bitcoin is better than gold”, we have received some backlash from analysts, both of whom reiterated and denied the claim.

In the latter camp is Jay Bifulko from the Kinesis money platform, which uses precious metals such as gold and silver as the basis for digital currencies.

Here’s what he had to say:


Bitcoin should not be compared to gold. They remain very different, and bitcoin is not a proven hedge against inflation. Unlike gold, the price of bitcoin is extremely volatile, as it has performed several times in its short history. Cryptocurrency bull runs are really tempting, but they are very unpredictable and suggest bitcoin is like gold giving investors a false sense of security.

Gold is the universal constant and, relative to weaker fiat currencies, it will do what it has always done as a stable and permanent store of value, a hedge against inflation and currency devaluation.

Jay Bifulko, CCO Kinesis Money
Anthony Cuthbertson17 November 2021 20:43

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Credit: www.independent.co.uk /

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