Markets

Litecoin price started a fresh decline below the $82.00 and $80.00 levels against the US Dollar.LTC price traded close to the $72.00 level and settled below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $83.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face hurdles near $78.40 and $80.00 in the near term and resume its decline.Litecoin price is currently trading in a bearish zone below...

Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’?The US Dollar Has Been The Global Reserve Currency For 100 Years NowRuchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his latest opinion piece on Financial Times. He talked about the ‘reserve currency’ history starting right from the 1400s.And delineated how in the...

MicroStrategy is the institutional player of the year. Despite purchasing more than $400 million in bitcoin over the past few months, the company is clearly not done. In a recent statement, the company issued plans to raise an additional $400 million in the coming future to potentially purchase even more units of the world’s number one digital currency by market cap.MicroStrategy Wants Even More BitcoinThe firm has developed a solid thirst for bitcoin that initially began in August. At the...

Bitcoin has taken a major portion of gold’s market share and will continue to do so in the near future, argued JPMorgan Chase & Co analysts. They highlighted the declining difference in funds allocated in the precious metal and the primary cryptocurrency, saying that the move will “represent the transfer of billions in cash.”Bitcoin Inflows, Gold OutflowsThe cryptocurrency community has debated for years on the narrative that bitcoin is the digital representation of gold. After all, both...

Despite that Robinhood had not officially announced the IPO, the sources stated that the trading company would go public before the end of 2021 Q1.Trading platform Robinhood Markets Inc has chosen investment banking company Goldman Sachs to lead its initial public offering (IPO) in 2021. The trading app also hopes that the IPO would push the company’s valuation to over $20 billion. Citing familiar sources, the New York Post said in a report that the time and valuation of the offering will be...

Depending on how long this pandemic lasts, whether more lockdowns happen, and how fast economies recover, the outlook projected for the EV market could change.As we reach the end of a difficult year for many industries, interesting data has emerged in car sales. As governments responded to the COVID-19 pandemic with lockdowns, car sales dropped drastically in the first half of the year. However, one segment of the global light vehicle market, electric vehicles, remained resilient.A report by...

Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key locations. After the successful launch of Amazon Pharmacy Services last month, Amazon.com Inc (NASDAQ: AMZN) is reported to eye India’s Apollo Pharmacy for a whopping $100 million.Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key Locations. Additionally, it is part of Apollo...

TripAdvisor has climbed nearly 2% in the last twelve months. However, after the app ban in China, the stock price went down.American online travel company TripAdvisor Inc (NASDAQ: TRIP) shares fell after China app ban. Apart from TripAdvisor, China also banned 104 other apps in the region. According to the Cyberspace Administration of China (CAC), the authority banned 105 apps for violating cyber regulations. Seeking Alpha reported that the travel company fell 1.68% to close yesterday at...

With Bitcoin current pullback, experienced traders are said to be taking advantage and accumulating in accordance with the price movements.After Bitcoin rallied to trade around its all-time high in the past few weeks, its market price has shed more than $1000 in 24 hours to trade around $17,872.50 according to the data provided by CoinGecko. As a result, the asset is down approximately 10% from its all-time high. However, Bitcoin (BTC) price is up approximately 15.4% in the past 30 days and...

This has been one of the major breaches of cybersecurity where the hackers tried to access the secret data of the US government. The FBI and other intelligence agencies have started an investigation into this matter and will submit a detailed report in the coming days.On Tuesday, December 8, America’s top cybersecurity firm FireEye Inc (NASDAQ: FEYE) reported that it has been hacked. The company also reported that the cyberattack was possibly a state-sponsored act. Over the last many years,...