Markets

Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance.Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors for 90% of the bitcoins they are owned.Should the deal indeed proceed, the creditors would receive over 135,000 bitcoins out of 150,000. With...

This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months.Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went in the opposite direction and started to decline. It wasn’t until Monday, however, when things took a turn for the worst.Bitcoin’s price lost around $12,000 in what...

There are no boring days in crypto. That’s panning out to be more accurate than ever over the past couple of weeks. In the past few hours, Bitcoin’s price, as well as that of many altcoins, went on a rollercoaster, yet again, resulting in massive liquidation volumes across the board.Data reveals that over the past hour alone, almost $400 million worth of both long and short positions were liquidated on major exchanges.This happened as bitcoin’s price tanked from a high of about $37,700 down...

This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can be seen in the below ROI chart for the coins we’ve selected this week.BitcoinBitcoin is down by a concerning 13.8% over the past week as it currently trades beneath $36,000. The downturn for Bitcoin started on Monday when it dropped by a steep 25% to reach...

The rally on Polkadot has been significantly affected by both accumulated fundamentals and emerging market factors.Open-source sharding multi-chain protocol Polkadot (DOT) experienced a dramatic increase in its blockchain activity in the past 24-hours. Notably, DOT tokens jumped over 24% in 24 hours according to figures provided by CoinGecko. However, the asset was trading around $13.65 (+12%) at the time of writing with a market valuation of approximately $12.345 billion and a daily trading...

The room for expansion gives investors hope to continue holding Zoom stock through the pandemic.Zoom Video Communications Inc (NASDAQ: ZM) stock closed yesterday trading at $383.24, up approximately 5.10%. Meanwhile, Zoom stocks are up approximately 3.11% during Friday’s pre-market. Zoom services demand and potential future growth was largely attributed to Thursday’s spike in Zoom stock. Notably, Zoom announced that it had sold 1 million Zoom Phone seats. Zoom Phone is an enterprise-focused...

The total amount raised through the IPO gives Playtika a valuation of $11.1 billion.Israeli-based gaming giant Playtika Holding Corp is set to make a grand entry on the Nasdaq bourse following its Initial Public Offering (IPO) where it raised $1.88 billion. As reported by Reuters, the gaming giant Playtika revealed on Thursday that it had sold the shares in the IPO at $27 each, a figure that is well beyond the projected share price range of $22 to $24.At the boosted rate, Playtika noted that...

Markets remained uncertain during Thursday as the weekly job data shows no improvements. Instead, more Americans have filed for unemployment. Analysts believe this weakening job data will provide fodder to the Biden administration to clear their proposed $1.9 fresh stimulus.On Thursday, January 14, the US stock market indices ended marginally lower amid mix set of data. On one hand, President-elect Joe Biden proposed a massive stimulus of $1.9 trillion to overcome the challenges of COVID-19...

Bitcoin has failed to break above $40,000 again and has stalled beneath $39,000. The altcoin situation is significantly more volatile, with Ethereum jumping north of $1,200 and Polkadot surpassing XRP as the fourth-largest crypto following a 30% surge.ETH Above $1,200, DOT Takes The 4th SpotThe alternative coins demonstrated high volatility levels in the past week, with massive drops during the Black Monday crash and rapid recovery sessions in the days that followed.Most large-cap ones have...

Bitcoin cash price started a fresh increase above the $450 resistance against the US Dollar.The price climbed above the $485 resistance and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $520 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally further above $520 or it might dip sharply below the $485 support.Bitcoin cash price is showing positive signs above $485 against the US Dollar, similar...