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| What pushes crypto prices up | Ether leads altcoin gains on ETF optimism. Leveraging is when a trader borrows capital from the exchange to turbocharge investment potential. Market events. The primary aim of cryptocurrencies is to serve as a fully digital and decentralized currency with no backing from a central government or authority fiat money, e. The lender late Tuesday issued a statement to calm market participants about its liquidity and deposit stability after rating agency Moody's downgraded its credit to junk grade. However, an opposite dynamic today may have overwhelmed sellers. |
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| What pushes crypto prices up | Traditional financial products can also have an impact on the market price of bitcoin, particularly derivative products that represent contracts that track the underlying price of BTC. Without this backing, cryptocurrencies do not, and should not be expected to, trade in the traditionally more stable manner of fiat currencies. Every cryptocurrency is effectively a different implementation of the underlying technologies, and every crypto project is competing to see which functionalities are considered the most useful. Robert Stevens. Bitcoin Market Wrap Whale Ether. Register Now. |
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