Why Market Down but SHIBA UP? [ October 27, 2021 ]

cryptocurrency 2 months ago

For more information about crypto and today's stories, just Ask Alex: 🔵 CoinMarketCap Daily Timestamps: 0:00 Bitcoin Suffers Shock One-Hour Plunge The carnage has seen hundreds of billions of dollars wiped from the total market cap of cryptocurrencies in the space of a few short hours. Bitcoin experienced a sudden, dramatic pullback on Wednesday morning — tumbling from $60,825 to $58,208 in the space of an hour. The 4.3% plunge comes a correction grips the crypto markets, but many analysts are confident that this will serve as a temporary blip, with the bull run set to continue in November and December. 1:16 SHIB Doubles in a Week and Hits New ATH... Again The meme coin appears to be unstoppable — but despite all that, there's still one prominent exchange where it remains unavailable. SHIBA INU appears to be unstoppable as the joke cryptocurrency continues its surge through the rankings. The altcoin’s price has risen by 32% in the past 24 hours and managed to hit $0.0000594 on Wednesday — its third all-time high in four days. 1:54 Robinhood Suffers 78% Plunge in Crypto Revenues The mania surrounding Dogecoin has dried up — hitting the company hard. To make matters worse, the exchange is yet to list SHIBA INU. Robinhood’s latest financial results looked impressive on a year-to-year basis — with total net revenues up 35% to $365 million in the third quarter, and crypto transaction revenues surging 860% compared with the same period a year earlier. 3:26 Next Year's Super Bowl Will Feature Crypto Ads FTX has snapped up a coveted commercial spot that could prove crucial in educating viewers about cryptocurrencies. And with millions of eyeballs glued to the screen to find out who will be crowned NFL champion, companies usually pull out all the stops during the ad breaks to win new customers. 4:30 Police Seize 48 BTC from 16-Year-Old Boy The teenager admitted charges of money laundering and fraud committed in April 2020, but he's avoided jail time because of his age. Police have seized $2.75m from a 16-year-old boy who scammed dozens of people out of their personal details by setting up a copycat website. 5:30 Adobe Unveils New Tools to Tackle NFT Fraud Through Photoshop, details surrounding an artist's identity can be integrated into metadata — and they can link their social media profiles and crypto wallets to digital artwork too. Now, Adobe has announced that it plans to tackle this problem with a new feature called Content Credentials. 6:11 ETH Predictions for End of 2021 Revealed The forecast is bullish, but Finder's poll also revealed that ETH is expected to lose 30% of its market share to alternative Layer 1 networks over the coming 12 months. A panel of 50 fintech specialists are predicting that Ether will hit $5,114 by the end of 2021 — an upside of 22.2% from current levels. 🔔 Subscribe to not miss tomorrow's crypto news alerts! 🔵 Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content. Founded by Brandon Chez in May 2013, CoinMarketCap or CMC has quickly grown to become the most trusted source by users, institutions, and media for comparing thousands of crypto assets and is commonly cited by CNBC, Bloomberg, and other major news outlets. 📲 Download our app! IOS : Android : 🤝 Join CoinMarketCap! Follow CoinMarketCap on social! 📩 Subscribe to our Newsletter!
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