Markets

Bitcoin has been experiencing a monster rally at the time of writing, but according to some analysts’ viewpoints, the jumps incurred by the world’s number one digital currency by market cap aren’t all that spectacular. Meltem Demirors – chief strategy officer at Coin Shares – explained in a recent interview that certain stocks, such as Tesla, have also witnessed huge spikes in recent months, and some have been even larger by comparison.Meltem Demirors: Bitcoin Is Less VolatileDemirors says...

Meanwhile, funds that trusted oil and gas, suffered losses. In particular, the Direxion Daily S&P Oil&Gas E&P 2X ETF lost 97.3% this year. The Direxion Daily Junior Gold Miners Bear 2X ETF plunged 95.5% in 2020.This year, the coronavirus pandemic has upended the market and challenged investors, both institutional and individual. Morningstar Inc (NASDAQ: MORN), a leading provider of independent investment research, has conducted research to figure out how US top funds behaved...

The world’s leading cryptocurrency exchange Binance has launched a “European-style” Vanilla Bitcoin Options contracts priced and settled in Tether (USDT) aimed at institutional and advanced investors.European-style BTC Options on BinanceThe Malta-based cryptocurrency exchange announced the latest addition to its portfolio of digital asset products in a press release shared with CryptoPotato.The announcement reads that Binance has completed a testnet trial of the new BTC options contracts in...

Pascal Soriot, the Chief Executive of AstraZeneca revealed that the vaccine is as effective as Pfizer and can be a strong protector against the new variant of the virus which is very contagious.AstraZeneca Plc (NASDAQ: AZN) has responded to the circulating news concerning the near approval of its COVID-19 vaccine by next week. According to reports, the UK intends to roll out the vaccine on January 4th after earlier approving and administering the Pfizer–BioNTech vaccine.The positive vaccine...

While IPOs improved the public listing revenues, Special Purpose Acquisition Companies (SPACs) also saw an increased embrace in the US within the year.According to the Financial Times (FT), businesses through the United States Initial Public Offering (IPO) boom this year has been estimated to raise as much as $159 billion dollars. As reported by Benzinga, and per Refinitiv, the global estimated figure businesses raised through IPO’s was estimated at $300 billion with the FT noting that $159...

Just as expected, the market has reacted to this news. The S&P futures (INDEXSP: INX) recorded a surge of 0.62% right after the Christmas holiday.The shares market has gone through a lot in the past few months following the emergence of the Covid-19 pandemic that crippled the global economy and put economic activities to a standstill. The US government then promised to distribute a relief package which triggered the market to react positively for a while.Unfortunately, the proposal coming...

As the year comes to an end and the final trading week of 2020 begins, Asia markets were mixed on Monday as some firms pulled in gains and others declined. Alibaba stock is in the red.Alibaba Group Holding Ltd (HKG: 9988) lost 7.98% in its stock in Monday trading as regulators in China ordered the company’s affiliate Ant Group to formulate a rectification plan for its business. As for its BABA stock on NYSE, after losing 13% in the previous trading session, at press time, BABA is down 1.85%...

Bitcoin futures on the Chicago Mercantile Exchange (CME) have recorded the largest price gap to date of about $3,000. This came after a three-day Christmas break for BTC trading on the regulated exchange and a massive price jump for the asset resulting in consecutive all-time highs.Biggest BTC Gap On CMELaunched in late 2017, CME’s BTC futures product enables institutional investors to trade the primary cryptocurrency on a regulated platform. However, being a regulated establishment also...

As BTC continues to hit new all-time highs, Ethereum (ETH) has also joined the rally surging past $725 levels in a strong bull run. Analysts say that the Ethereum journey is just getting started and 2021 could be an even bigger year for the crypto asset.Bitcoin (BTC) has swayed investors by hitting its all-time high above $28,000 on Sunday, December 27. However, Ethereum (ETH) has been following the cue with a strong surge northwards. At press time, ETH price has surged 12.14% trading at $725...

Ripple price struggled to recover above $0.3800 and started a fresh decline against the US dollar.The price is now trading below the $0.3000 support zone and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.3850 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could continue to move down below $0.2800 and $0.2650 in the near term.Ripple price is showing bearish signs below $0.3000 against the US Dollar. XRP...