The permissibility of cryptocurrency in Islam, whether it’s halal or haram, is a topic of debate among Islamic scholars. There’s no single, universally accepted answer. Here’s a breakdown of the different viewpoints: They argue that certain cryptocurrencies can be permissible investments, emphasizing the underlying technology’s potential benefits. The takeaway: Here are some resources for further…
There’s no single reason why crypto is facing a downturn, but rather a confluence of factors contributing to the current trend: Macroeconomic uncertainty: Crypto-specific factors: Additionally: It’s important to remember that the crypto market is inherently volatile and prone to rapid swings. While the current factors suggest a bearish trend, the situation can change quickly…
Determining the “best” gaining crypto depends on your timeframe and risk tolerance. Here’s a breakdown based on different timeframes: Daily Gainers (as of January 27, 2024, 13:02 PKT): These are smaller market cap coins experiencing significant daily gains, but carry higher risk due to potential volatility. Weekly Gainers: These coins offer a balance between potential…
1. Moving Average (MA) Moving averages are one of the most widely used technical indicators in any market, including cryptocurrency trading. They are used to smooth out price data and identify trends. A moving average is simply the average of a security’s price over a specified number of periods. There are many different types of…
Bitcoin halving is a scheduled event where the reward for mining new blocks is reduced by 50%. It occurs approximately every four years and is part of Bitcoin’s design to control inflation and limit the total supply of Bitcoin to 21 million coins. The next Bitcoin halving is expected to occur in April 2024. After…
There are a few possible reasons why Bitcoin (BTC) is going down today: It is difficult to say definitively why Bitcoin is going down today, but these are some of the most likely factors. It is important to note that Bitcoin is a volatile asset and its price can fluctuate wildly. Investors should always do…
Binance is a cryptocurrency exchange that was founded in 2017 by Changpeng Zhao. It quickly grew to become one of the most popular exchanges in the world, offering trading pairs for a wide variety of cryptocurrencies. Binance has its own native token called Binance Coin (BNB), which can be used to pay for trading fees…