Day: October 10, 2022

Chainlink (LINK) Performs Well Despite Market Uncertainty

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Despite facing uncertain conditions, Chainlink (LINK) has displayed a remarkable performance in the last seven days. The cryptocurrency went from $7.05 to testing its $7.9 resistance but failed. However, it left traders and investors with decent profits along the way. Plus, some analysts are hopeful Chainlink may finally break into the $8 zone. With October being a bullish season for altcoins and Chainlink’s recent Hebys partnership, these predictions seem practical. Related Reading: Bitcoin Price Kicks Off the Week In Red, What Fueled The Crash? Chainlink Meets New Resistance At $8…

Why is Market cap important in crypto ?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Market capitalisation indicates a mathematical technique for determining the value of a cryptocurrency. It is an indicator of the dominance or popularity of a particular cryptocurrency. Market cap is calculated by multiplying the total number of circulating coins with its current price. Watch this video to find out more about how market capitalization works. #marketcapitalisation #mathematicaltechnique #cryptocurrency #capitalizationworks #kalkinemedia #marketcapitalisation2021 Kalkine TV is a one-stop solution to all the market-related nuances. The streaming platform offers in-depth and latest information on share market,…

Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage – Market Updates Bitcoin News

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Ten days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders wondering whether we will see any significant surge this month. Current Market Status Last week U.S. non-farm payrolls showed that 263,000 jobs were added to the U.S. economy in September, better than the 250,000 markets…

OECD releases framework to combat international tax evasion using digital assets

The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13. The Organisation for Economic Cooperation and Development, or OECD, has published a framework aimed at having tax authorities achieve greater visibility on crypto transactions and the users behind them. In an Oct. 10 announcement, the OECD said it planned to present the Crypto-Asset Reporting Framework, or CARF, to a meeting of G20 finance ministers and central bank governors on Oct. 12-13. The crypto tax framework…

Price analysis 10/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

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Legacy markets continue to negatively impact Bitcoin price, but a positive sign is that the bulls have not allowed BTC to retest its June low. The United States equities markets have started the week on a weak note as investors remain unconvinced that the Federal Reserve will pull back its aggressive monetary policy. The Nasdaq Composite index fell to its lowest level since September 2020. All eyes will be fixated on the U.S. Consumer Price Index data for September to be released on Oct. 13 as that could influence the…

XRP Price Hits Target Of $0.5, Can It Break This Key Resistance?

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The XRP price has been swimming against the tide and continues to show strength against larger cryptocurrencies, such as Bitcoin and Ethereum. A potential settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple might continue to prompt this cryptocurrency to the upside. At the time of writing, the XRP price trades at $0.52 with sideways movement in the last 24 hours and a 17% profit in the last week. As NewsBTC reported last week, the cryptocurrency broke out of a major downside trendline hinting at future appreciation with…

Crypto Crash News Today – Why market is going Down

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Asalam o alikum dear viewers, today i am here with you to discuss the latest crypto Market news, why crypto market is going Down and crashing continuesly? I will also share the price prediction and technical analysis of Bitcoin. How much more market can crash ? Is it going to go down to 28k ? what will be the next move of Bitcoin ? For details watch the complete video that is explained in hindi/urdu, specially for the people of Pakistan and…

New hashprice-based derivatives instrument gives Bitcoin miners another way to hedge

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Better luck next time? Luxor’s OTC Bitcoin mining derivatives could offer miners “a much needed tool to hedge their mining operations.” Hedging against downside has always been a challenge for Bitcoin BTC miners, and the current bear market is a perfect example of how energy prices and crypto market volatility can negatively impact miners’ profit margins and their ability to stay solvent.  Oftentimes, institutional and retail traders use BTC-, stablecoin- and U.S. dollar-settled derivatives (options and futures contracts) to create hedging strategies that mitigate downside in Bitcoin price, and now…