What is Cryptocurrency and what risks involved in it?? - Page 2

Potential investors should thoroughly research and understand these risks before entering the cryptocurrency market. But, for example, frontend development like wordpress to react in this field is developing at a tremendous speed. For example, The Frontend Company is direct proof of this. Many companies are now starting to focus on cryptocurrencies, it's a fashion).

Major crypto tokens traded mixed on Friday. Bitcoin, Ethereum, BNB, Solana, Tron, and Uniswap witnessed slight declines of up to 2%, while XRP, Toncoin, Cardano, Avalanche, Polkadot, and Litecoin saw gains, climbing as much as 5%.

As of 1:07 pm IST, Bitcoin had slipped 2% to $57,939, while Ethereum dropped 0.8% to $2,342. Meanwhile, The global cryptocurrency market cap fell by 1.13% to approximately $2.13 trillion in the past 24 hours.

"Bitcoin has sustained at the $58,000 level, maintaining the bullish trajectory. The announcement by Trump on plans to launch his son's crypto business and the bullish predictions by Standard Chartered Bank for BTC have further strengthened the market sentiment. BTC’s resistance level stands at $59,100, and the support level remains at $56,500," said Edul Patel, CEO of Mudrex.

Read more at:

https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/cryptocurrency-prices-on-september-13-bitcoin-holds-steady-near-58000-altcoins-trade-mixed/articleshow/113318783.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Is cryptocurrency riskier than stocks?

A broadly diversified stock portfolio generally presents a safer option than cryptocurrencies because of their intrinsic value and history of delivering solid long-term returns. Cryptocurrencies may hold greater potential for outsized gains, but come with significant risk.

The RBI maintains its cautious stance on cryptocurrency, citing potential risks to financial stability and monetary policy, despite the Supreme Court's view against a ban. A government committee is currently reviewing the matter. The RBI has also introduced a new regulation-making framework emphasizing public consultation, impact analysis, and regular reviews to adapt to evolving conditions.