Markets

Bitcoin was dabbling with the $19,000 level for several days but, after another unsuccessful attempt to break above it, headed south and plummeted by $1,000 in 24 hours. Recent data indicated a significant uptick of BTC transferred from cold wallets to exchanges, implying that the price drop could have been somewhat expected.$278M Of BTC Moved To Exchanges Prior The DropAfter a predominantly calm weekend in which BTC displayed an untypical absence of high fluctuations, the cryptocurrency...

Tron price started a strong decline after it failed to clear the $0.0320 resistance against the US Dollar.TRX price is now trading below the $0.0300 level and the 55 simple moving average (4-hours).There was a break below a key contracting triangle with support near $0.0300 on the 4-hours chart (data feed via Bitfinex).The pair could accelerate lower if there is a clear break below $0.0275 and $0.0270.TRON price is gaining bearish momentum below $0.0300 against the US Dollar, similar to...

Bitcoin price started a major decline after it struggled near the $19,450 zone against the US Dollar.The price is now trading well below $18,400 and the 55 simple moving average (4-hours).There was a break below a key contracting triangle with support near $19,020 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower if it breaks the $18,050 support zone.Bitcoin price is currently showing bearish signs below $18,400 against the US Dollar. BTC...

December 8 was a bad day for Bitcoin. The world’s largest cryptocurrency in terms of market cap broke down, losing all the profits it had gained since November 29, 2020.Over the past few days, the $19,000 line became a kind of war zone, with bitcoin going up and down that price with no clear dominance of bulls or bears.However, things changed on December 8, 2020. At 6 am UTC, BTC had a quick dip from $19,299 to $18,798 in just 3 hours, with a low of $18,680. BTC was unable to recover from the...

All three futures – Dow Jones, S&P 500, and Nasdaq 100 – opened lower today on Tuesday. The European market also remained under pressure on rising COVID-19 cases.Despite the positive news of the vaccine, the fast surge in fresh COVID-19 cases in the US has put pressure on the market and stock futures. After a major rally last month, stock indices now to be hinting at correction in near future.Global stocks under pressure as pandemic concerns outweigh stimulus hopes. S&P 500 Futures...

Michael Saylor became one of the most popular bitcoin bulls in the past several months after the company he founded over three decades ago allocated millions of dollars in BTC. He also disclosed buying nearly 18,000 bitcoins personally. In a recent live stream with Binance’s Changpeng Zhao (CZ), he revealed why he decided to allocate such a considerable amount in the primary cryptocurrency.During the Binance-initiated live stream, Saylor said that the events that transpired in March 2020 were...

As Bitcoin price stalls, it is obvious that emotions will be the most decisive factor in the coming weeks as investors are controlled by the fear of losing out of a potentially promising position.Investors are at a loss at what would happen next in the coin market as the price of Bitcoin (BTC) seems to stank around $18,000 after weeks of upsurge. There had been an expectation that the digital asset would soar up to $20,000 as it had done in December 2017 but it seems to have lost momentum in...

With the company locked in the S&P 500 index, some analysts expect the Tesla management to further split the shares to secure a position in the Dow Jones index next year.As the year comes to an end, Tesla Inc (NASDAQ: TSLA) investors are among the most satisfied in the stock market that can be described as the most ‘chaotic’ in the recent market history. On Monday, Tesla shares continued scaling higher as they added approximately 7.13% to close the day trading at $641.76. However, they...

Japanese financial giant SBI Group and Switzerland’s principal stock exchange, SIX Swiss Exchange, will team up for a new cryptocurrency-related platform to establish institutional connections between Europe and Asia.The New Platform Will Launch In SingaporeAs per an official announcement, the digital asset-related arms of both companies – SIX Digital Exchange (SDX) and SBI Digital Asset Holdings – will cooperate to establish the new project. It will target regulated institutional clients...

Der BTC sträubt sich weiterhin erfolgreich gegen ein neues Allzeithoch. Der Kurs schaltete in den letzten 24 Stunden sogar wieder auf Rot und nähert sich einem kritischen Support-Niveau bei 18.700 US-Dollar. Unterschreitet der Kurs diese Marke, geht es wohl weiter bergab – doch wie weit? Bitcoin News: Bitcoin mit Problemen bei 18.700 US-DollarBei 19.500 US-Dollar war der Widerstand zu groß für den Bitcoin; der Kurs kehrte sich um und purzelte wieder unter 19.000 US-Dollar pro BTC. Und können...