Bitcoin bulls resolute despite $2,500 drop from highs: here’s whyBTC $17,218 (-8.8%) • ETH $519 (-11.2%) • XRP $0.53 (-17.8%)
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Bitcoin has faced a steep correction since Wednesday’s highs of $19,600, the highest the cryptocurrency has traded since the late 2017 highs. The coin currently trades for $17,200, though fell as low as $16,300 on some exchanges early Thursday morning. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins Featured videoThe TIE’s Joshua Frank on why long-term Bitcoin predictions are BS
If you’ve been in the Bitcoin game long enough, you probably wake to new price targets daily, each more outrageous than the last one. But Bitcoin somehow manages to meet, and exceed, those ever since its inception back in 2008. The asset went from being worth a penny to a dollar to hundreds of dollars and trades at $19,000 as of today. These days, industry observers say Bitcoin is primed to reach hundreds of dollars, with the ultimate prediction being that of a million dollars per BTC! More news ⏬Wanna win a Bitcoin? Challenger bank Revolut is making that possible this Black FridayIt’s the festive season and that time of the year where new deals, business offers, discounts, buy one get two free, and (err..and even scams?) offers light up internet buyers around the world. Seeming oracle attack causes $100m in Ethereum DeFi liquidationsIt appears we just saw our latest DeFi exploit/attack, but this one was much different than all the rest. BTC dumps as Coinbase CEO mentions potential US regulations for crypto walletsVeterans will say it’s the same story in a different dress. Data shows the Bitcoin derivatives market is becoming less crowdedThe Bitcoin futures funding rate has declined across major cryptocurrency exchanges in the past 48 hours. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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