Markets

Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if the digital asset continues on the current path.American cryptocurrency and Bitcoin investor, Tyler Howard Winklevoss, also the founder of Winklevoss Capital Management and Gemini cryptocurrency exchange, outlined his thoughts on Bitcoin future market price. According to his analysis that is based on a gold framework to value Bitcoin, Tyler believes BTC market price is poised to trade at $500k if the market...

Cryptocurrencies are popular trading instruments, thanks to ease of access and high volatility that makes them attractive. However, executing profitable trades in the crypto market generally requires users to efficiently manage their portfolio and work on multiple exchange platforms which can be an exceedingly difficult process unless assisted by specialized trading tools.There are few trading and portfolio management solutions available in the market, and CryptoView is one such platform that...

Despite Bitcoin’s tumultuous performance following an announcement of the US Federal Reserve regarding its new approach to average inflation targeting, the cryptocurrency has managed to stabilize around $11,400 where it’s currently trading at.Elsewhere, Chainlink and Polkadot are both in red but LINK has returned to the top 5 coins by market cap.Bitcoin Spikes And DropsAs CryptoPotato reported yesterday, the US Federal Reserve announced new plans to target inflation averaging 2% over time....

Centre Consortium members Circle and Coinbase have just launched an upgraded version of their popular USDC dollar-pegged stablecoin. Going live on August 27, USDC 2.0 aims to tackle high gas fees by allowing developers to delegate it to other wallets or take fees in USDC instead.Removing ETH From The PictureThe official announcement explained that most users need to keep a balance of Ether in their wallets to make transactions. It added that this resulted in unnecessary complexity:“This...

Bitcoin cash price started a major decline from well above the $300 level against the US Dollar.The price is currently trading well below the $280 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $272 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a fresh increase if there is a clear break above the $272 and $275 levels.Bitcoin cash price is declining and it is trading in a bearish zone...

Electric vehicle stocks are climbing consistently, with Tesla hitting a market cap over $400 billion, which also increased Elon Musk’s net worth.Electric vehicle (EV) maker Tesla Inc (NASDAQ: TSLA) jumped over 6% on Wednesday, reaching a $401.2 billion market value. On the day, TSLA swung between 2,053.63 and 2,166.00 per share and closed at $2,153.17. With the price movements, Tesla has set a new intraday record of $2,166.Back in June, a Barrons report revealed that some EV companies have...

Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago.Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the market. Earlier today, ETH saw a pump and dump towards $400 around the Fed’s statement regarding the inflation.Key Support Levels: $382, $375, $364Key Resistance Levels: $400, $408, $438ETH/USD Daily...

Details of the acquisition show that Delivery Hero which valued InstaShop at $360 million made an upfront payment of $270 million with plans underway to pay another $90 million to complete the deal.In a deal that raised a record for Greek startups, the German retail delivery company Delivery Hero has acquired InstaShop, the Dubai- based instant grocery delivery company.In a release by the companies, they stated that the acquisition is meant to expand their markets share of the On-Demand...

Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion.Now, a team of developers has announced that it’s building a trustless general-purpose bridge between Ethereum and Polkadot.Bridging Polkadot and EthereumSnowfork, an agency consisting of a collection of developers, product managers, and designers, has...

Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street.This only goes to show how small the digital asset field is compared to the giants, as their one-day combined gains represent almost the entire crypto market cap.$282B Gained In A Day By 7 US CompaniesGreen dominated most tech-oriented stocks on Wall...