Today the price has emerged from yesterday’s consolidation and some altcoins even managed to update their lows. But we believe that after the end of the corrective recovery, prices will continue the sideways trend.
Bitcoin-altcoin trading pairs are the reason why the value of altcoins depends on the price movements of Bitcoin. At the moment, the price action is bearish, so altcoins continue to fall.
Saudi Arabia will launch its own cryptocurrency next year, according to Al Zahrani, head of the Saudi Arabian Monetary Fund (SAMA). According to available information, this cryptocurrency is being developed jointly with another oil-rich country - the UAE.
On Thursday, cryptocurrency exchange KuCoin announced that it plans to remove 6 tokens from its trading platform, namely EncrypGen Token (DNA), Publica Token (PBL), Raiden Network Token (RDN), Monetha (MTH), Blockmason Credit Protocol (BCPT) and Gladius Token (GLA).
Will there be a break below key support levels? What is the likelihood of a correction from current levels?
Telegram, the messaging operator that has raised over a billion dollars in past investment rounds to build its own blockchain platform, has published an update on the development of TON (Telegram Open Network).
According to the New York Times, on November 20, Manhattan police arrested 21-year-old Nicholas Truglia, who hacked other people's mobile phones in order to appropriate the owners' cryptocurrency.
Not long ago, Bitcoin Cash forked, and the newly created blockchains are already facing potential problems. Shortly after the BSV blockchain (Bitcoin Cash fork from nChain) suffered a bug that split the network in two, the developers of BAB (BitcoinABC) released an update that puts the entire network at risk of a 51% attack.
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