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( π ) Pi is a new digital currency developed by Stanford PhDs, with over 17 million members worldwide. To claim your Pi, follow the below link. Download from your mobile phone and use username (yildiztekin) as your invitation code. Then mine from your mobile or desktop to collect Pi coin everyday.

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Bitcoin is at its lowest level in nearly a month. 2 experts explain why they see more weakness ahead. .

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Bitcoin Bubble
Bitcoin replica coins are seen on November 13, 2017

The price of bitcoin slipped to a near one-month low Thursday after a record-shattering week ahead of Coinbase's listing on April 14 in which the world's largest cryptocurrency broke consecutive records above the $63,000-level.

Bitcoin slipped to $53,318 at 2:01 p.m. ET to its lowest since March 24. It was trading lower by 4% to 53,519 at 2:18 p.m. ET.

"BTC has slipped below the 50 [day moving average] support that it held sacrosanct through this rally, and looks like there is more downside here," Pankaj Balani, CEO of Delta Exchange, told Insider.

The slide in bitcoin may also be attributed to the rise in other coins, particularly ether, which has been taking center stage, Paolo Ardoino, CTO of Bitfinex, told Insider.

Ether spiked as much as 8.5% on Thursday to a new record high above $2,560, pushing the market capitalization of the cryptocurrency near $300 billion for the first time.

"ETH has outperformed BTC this month and looks set to challenge its [all-time high]," Ardoino said, maintaining that bitcoin's place as a safe haven asset and hedge against inflation is still gathering strength.

The volatility of bitcoin however has steadily been decreasing over time, Stephen Ehrlich, co-founder and CEO at Voyager Digital, a crypto asset broker, told Insider. Even the recent sharp moves have not seen such a big rise in volatility compared to historically, he said.

Screen Shot 2021 04 22 at 2.39.16 PM
Performance of bitcoin from August 16, 2019 to April 22, 2021.

Overall, experts including Ryan Conway, SVP and head of business development & strategic partnerships at Oxygen, a digital banking platform, remain bullish on bitcoin.

"Although there are several external factors that could lead to short-term swings this week, I am bullish on bitcoin long term as it has proven to demonstrate real utility as a store of value with the potential to replace gold or even major fiat currencies as a hedge against inflation," he told Insider.



NEW INNOVATION AT 2021 FOR THE CRYPTO CURRENCY. BIG OPPORTUNITY. FREE DOWNLOAD and FREE COINS.

( π ) Pi is a new digital currency developed by Stanford PhDs, with over 15 million members worldwide. To claim your Pi, follow this link https://minepi.com/yildiztekin Download from your mobile phone and use username (yildiztekin) as your invitation code. Then mine from your mobile or desktop to collect Pi coin everyday.


6094626c1fb72_file.jpeg

NEW INNOVATION AT 2021 FOR THE CRYPTO CURRENCY. BIG OPPORTUNITY. FREE DOWNLOAD and FREE COINS.

( π ) Pi is a new digital currency developed by Stanford PhDs, with over 17 million members worldwide. To claim your Pi, follow the below link. Download from your mobile phone and use username (yildiztekin) as your invitation code. Then mine from your mobile or desktop to collect Pi coin everyday.

https://minepi.com/yildiztekin