Markets

Tyler and Cameron Winklevoss – the founders of the Gemini Exchange in New York – recent mentioned in an interview that they’re extremely confident bitcoin will reach a price of roughly $500,000.Winklevoss Twins: Bitcoin Will Reach $500KWhile this isn’t likely to occur right away, they’re confident the spike will happen within the next ten years, so we can likely expect to see bitcoin reach this pinnacle before 2030. The world’s number one cryptocurrency by market cap is making headlines this...

Bears are circling as bitcoin hit all time highs again on Tuesday. Is this 2017 all over again? Google data shows no hint of retail FOMO in BTC/USD. Bitcoin hit multiple record highs this week, prompting “FOMO” or “fear of missing out” calls from some analysts. If there is euphoria in the crypto market it’s not coming from the retail crowd; making this move nothing like 2017. Bitcoin Races To Record As Bears Cry FOMO Although there is no such thing as one all-time high for bitcoin (as...

ETH/USD – Ethereum Whipsaw Swing Sees $560 Before ReboundingKey Support Levels: $580, $560, $550.Key Resistance Levels: $620, $650, $665.Earlier today, Ethereum spiked lower by around 9% when it dropped from the resistance at $620 to break beneath $600 and reach $560. There, it found support at the .236 Fib Retracement level and rebounded to climb back above $600 and hit $607. It has since dropped back beneath $600 as it trades around $590. Interestingly enough, all of this coincided with the...

The leading US-based cryptocurrency exchange Coinbase assisted in MicroStrategy’s massive purchase of $425 million worth of BTC. The platform pledged to help other large firms diversify their portfolios with bitcoin in the future as well.Coinbase Involved In MicroStrategy’s BTC PurchaseThe NASDAQ-listed business intelligence firm made the news on two occasions earlier this year as it announced the total purchase of 38,250 bitcoins. At the time, this sizeable amount equaled about $425...

The well-known Bitcoin permabear and gold bug Peter Schiff has once again taken a swing at the primary cryptocurrency.His comments followed a volatile market that saw almost $300 million in liquidations in less than an hour and more than $800 million in less than a day.Peter Schiff Bashes BitcoinThe well-known economist and strong gold proponent, Peter Schiff, has once again taken the opportunity to swing at Bitcoin.He said that there was no new money coming in, but instead, it was old money...

GitLab will soon go public and according to information, the decision is to allow employees to get hold of some liquidity before the company makes an announcement on its market debut.A recent report has revealed that GitLab plans on allowing employees to sell off their equities that values the company at more than $6 billion in an offering. GitLab Inc was created in 2014, and as an open-source code collaboration web-based platform, it provides the grounds for developers to review codebase...

The European stocks recovered significantly on the positive news about the COVID-19 vaccine as drugmakers gear up for mass production and distribution and await FDA approval. The Asia markets are looking positive as China’s growth picks up.The last month of November 2020 ended with global stock markets closing on bumper gains and outperforming the US indices by a good margin. All the positive news of the vaccine has brought fresh hope to the world of the economic activity coming back to the...

ADA price found support near $0.1250 and started a fresh increase against the US Dollar.The price is back above the $0.1580 resistance level and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.1580 on the 4-hours chart (data feed via Kraken).The price is likely to rise sharply if it clears the $0.1780 and $0.1800 resistance levels.Cardano price is showing a lot of positive signs above $0.1600 against the US Dollar, similar to bitcoin....

Ethereum price found support near the $480 level and started a fresh increase against the US Dollar.ETH price is currently trading well above $585 and the 55 simple moving average (4-hours).There was a break above a key bearish trend with resistance near $558 on the 4-hours chart (data feed from Coinbase).The pair is likely to accelerate higher above the $620 and $625 resistance levels.Ethereum price is gaining momentum above the $585 resistance against the US Dollar. ETH/USD is likely to...

Just hours before the launch of Ethereum 2.0, Coinbase, America’s leading cryptocurrency exchange, decided to give a warm welcome to the evolution of the world’s largest blockchain after Bitcoin.Now, traders and hodlers waiting for the ETH2 upgrade had confirmation from Coinbase that the exchange would enable an ETH2 currency staking service. Of course, being a non-contentious upgrade, Coinbase also guarantees the trading of these new tokens.Stake —and trade— ETH2 in CoinbaseThe Coinbase team...