Why are crypto prices down?
No one knows for sure. Correlation does not prove causation. Here are some potential reasons.
Money shifting to the Anthropic IPO: https://t.co/4WXOMfH9Th
ETF outflows: U.S. spot Bitcoin ETFs saw about $1.9 billion in outflows over seven trading sessions through November 13. Ether funds also saw withdrawals. https://t.co/RxhYaaOMAU
Security fears: the Binance hack, iPhone-linked crypto wallets drained, Chrome exploit, Microsoft down. These security incidents could make some people less willing to keep funds in crypto.
Hot U.S. inflation has raised expectations of another Fed rate hike. Higher yields and a stronger dollar can weigh on "riskier assets" such as crypto.
Political uncertainty: Midterm results have raised concerns about potentially stricter U.S. crypto policy.
No, Binance did not sell crypto.
I bought crypto in the past few days, as I got some stablecoins recently. (maybe this is the cause ๐คฃ)
Mid-long term, crypto will continue to grow.
Views are my own. Not financial advice.
For future reference, price of BTC hit a low of $62,006 today.
Torium Official Website Is Now Live
We are pleased to announce that the official Torium website is now live.
This marks another important milestone in our recovery journey as we continue bringing the Torium ecosystem back online.
Explore the platform, learn more about the ecosystem, and stay connected with our latest developments.
Visit the official website: https://t.co/82Pg9Y1D9l
More updates and upcoming releases are on the way.
Welcome back to Torium.
#Torium
Introducing Polyester Swap!
From your Trading Account, you can now swap between any tokens trading on Polyester.
Swaps execute against live Polyester order books, with no added fees or spreads. All swaps also benefit from your VIP tier trading fees.
Available now on Testnet!
Introducing Polyester Swap!
From your Trading Account, you can now swap between any tokens trading on Polyester.
Swaps execute against live Polyester order books, with no added fees or spreads. All swaps also benefit from your VIP tier trading fees.
Available now on Testnet!
Weโre hosting the first Variational Public Mainnet trading competition with $50,000 in prizes!
The competition will rank users based on a โCompetition Scoreโ (PnL ร โVolume)
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