Markets

A few days after the price dip beneath $22,000, bitcoin has recovered most losses and even took another swing at $24,000 earlier today. Most altcoins have remained relatively steady, apart from XRP. The recently announced charges from the SEC have plummeted the token’s value.Bitcoin Eyes $24KBitcoin has been on a wild ride in the past several days. It began by painting a new all-time high of about $24,300, but the subsequent rejection drove the asset down by more than $2,000 in hours.BTC...

Bitcoin price started a fresh upward move from the $22,300 support zone against the US Dollar.The price is now trading well above $23,000 and the 55 simple moving average (4-hours).There is a key rising channel forming with support near $22,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it clears the $24,000 and $24,200 resistance levels.Bitcoin price is currently showing bullish signs above $23,000 against the US Dollar. BTC...

Everyone sure keeps talking about bitcoin as of late. The currency has reached a new all-time high of roughly $23,000 per unit, and while the asset is doing extremely well, we cannot forget about the smaller altcoins that share the crypto limelight with bitcoin. We’re talking, of course, about currencies such as Ripple’s XRP and Ethereum.Bitcoin Is Doing Well, but So Is Everything ElseEthereum is the second-largest cryptocurrency by market cap and the number one competitor to bitcoin. At the...

A new report issued by Goldman Sachs suggests that gold and bitcoin can potentially coexist together.Goldman Sachs Believes Gold Isn’t Threatened By BTCThere has been a lot of speculation as of late as to whether gold can survive the coming onslaught of bitcoin price surges. As the world’s largest and most popular digital currency by market cap, the coin has garnered a newfound reputation for being a hedge tool and a “safe haven” similar with gold. The currency is looked at as something that...

Both Bitcoin and Tesla stock have benefitted from each other’s individual volatility to date with 2020 marking a historic year for both assets.The cryptocurrency ecosystem is known to be a very volatile space with Bitcoin’s volatility causing skepticism amongst some groups of investors. While many people are familiar with Bitcoin volatility, not so many are aware of the volatility that abounds in the stock market, but CoinShares Strategist, Meltem Demirors has taken her time to highlight...

Coinbase IPO success will be a huge success to the entire crypto industry, as other crypto firms are expected to follow suit.The crypto exchange FTX launched Coinbase pre-IPO tokens that have since that time more than doubled in market price. Following last week’s Coinbase IPO announcement, investors are highly speculating on the expected opening prices.The Coinbase pre-IPO tokens were launched at a market price of around $121, only to pump to trade around $296 in the first hour. However,...

Menwhile, MoneyGram is facing several lawsuits in the United States that may damage its future growth prospects.The stock of global payment services company MoneyGram International Inc (NASDAQ: MGI) continued with the upward trend during Tuesday’s pre-market after opening on a positive note on Monday. MoneyGram stock was trading at around $7.11, up 1.57%, during Tuesday’s pre-market. Notably, they closed yesterday trading at $7. However, as the market opened the stock went down. At the time...

Are people beginning to give up gold and stocks for bitcoin? This certainly seems like the latest trend as some of the largest financial managers in the world are beginning to turn away from precious metals and other standard assets in favor of the world’s largest digital currency by market cap. The latest gold-turned-bitcoin fan is Christopher Wood, the global head of equity strategies at Jefferies.Christopher Wood Has Found a New Friend in BTCIn a recent turn of a events, Wood – who has...

LINK/USD – LINK Indecision Causing Sideways ActionKey Support Levels: $12, $11.50, $10.50.Key Resistance Levels: $13.50, $14.30, $15.LINK is currently trapped in a period of indecision as it bounces between $14.30 and $11.50. The coin has been unable to claim either of these boundaries for the entire December but is battling to remain above a three-month-old rising trend line.It surged higher from $11.50 last week but could not close a daily candle beyond $13.50 over the weekend, causing it...

Following weeks of speculations, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a new set of regulations on self-hosted crypto wallets. The organization gave stakeholders 15 days to respond to the propositions, but Coinbase has continued opposing the idea and asked for an extension of that period.FinCEN’s Newly Proposed Crypto RegulationsThe cryptocurrency community has speculated on rumors that the US Treasury could be working on new legislation for self-hosted...