Markets

The second-largest cryptocurrency by market cap has been enjoying a massive bull run as of late. Following the massive increase in its value over the past few months, over 90% of ETH holders are now in a state of profit, recent data revealed.ETH’s Ongoing Bull RunEthereum’s price was stuck in a range between $200 and $250 for several months. Although its blockchain network is the underlying technology behind the recent DeFi boom, the asset’s price performance was lagging. In fact, multiple...

AMZN stock performed dismally on Monday in comparison to its competitors but it is up today. Amazon is going to buy a stake in Deliveroo and is expanding to Sweden.Amazon.com Inc (NASDAQ: AMZN) stock lost 1.67% on Monday and continued to fall in the pre-market on Tuesday. The shares were at around $3,098, 0.42% down. However, as the market opened, Amazon (AMZN) went up. At the time of writing, AMZN shares are at $3,165.74 (+1.73%). This rise can be explained by the news about the intentions...

Nio stock price is rising. Deliveries in July have reached record highs. The Chinese company may become a serious competitor to Elon Musk’s Tesla.Nio Inc (NYSE: NIO) stock price is slightly up in the pre-market as incoming data from the Tesla Inc (NASDAQ: TSLA) challenger indicated that business has been great. The company has shown higher deliveries of 3,533 cars in the past month. It represents a 322% rise from the same period last year. NIO stock price closed higher at the end of trading...

Binance Futures has long been looking for ways to expand to the U.S. Now it may acquire a licensed firm to ensure conducting futures trading there. Crypto exchange Binance is considering the launch of the futures trading platform in the U.S. According to anonymous sources, to do that, Binance would possibly acquire or partner with a licensed company.Binance Futures is the fastest-growing crypto-derivative exchange by trading volume. To date, its proven matching engine is unparalleled, it has...

Microsoft (MSFT) stock jumped 5.62% yesterday to close the day trading at $216.54, but the shares were over 1% down in the pre-market. Yesterday’s growth is attributed to a possible acquisition deal with TikTok.Microsoft Corporation (NASDAQ: MSFT) stock added $11.53 during the day yesterday to close the market trading at $216.54. The jump is being attributed to news released by the company on Sunday that it is prepared to continue discussions to explore a purchase of TikTok in the United...

Bitcoin Press Release: Blockchain-based digital asset depository service HaruBank celebrates 1 year of giving users market-leading interest rates, with transacted volumes of over $30,000,000 in the last 12 months.3rd August, 2020, Singapore – After an incredible 12 months of ground-breaking work in the decentralised finance arena, HaruBank have today announced transactions totalling $30,000,000 made via their platform. The news comes after a significant funding announcement in June of this...

Ethereum price rallied to a new multi-month high at $418 before correcting lower against the US Dollar.ETH price is currently trading nicely above the $380 and $375 support levels.There is a key breakout pattern forming with resistance near $400 on the 4-hours chart (data feed from Coinbase).The pair is likely to accelerate higher if it clears the $400 resistance in the near term.Ethereum price is showing positive signs above the $375 pivot level against the US Dollar. ETH/USD is likely to...

Green dominates most of the cryptocurrency market with some impressive gains from Ripple, Tezos, and Chainlink as LINK even marked a fresh all-time high. Bitcoin’s unsuccessful attempt to conquer $11,500 has pushed the asset down to $11,300Altcoins Rejoice, LINK ATHSpeculations for а revived altcoin season emerged today as the majority of alts have increased their value in the past 24 hours. The second-largest cryptocurrency market continued its impressive 2020 summer with another 2%...

Ethereum’s next target is $500, according to BitMEX co-founder and CEO Arthur Hayes. He expressed his amazement about ETH’s surge to $400, calling for the continuation of the rally.Ethereum Breaks Above $400 For First Time Since August 2018On Sunday, Ether hit the highest level in two years, breaking above $400 for the first time since August 2018. Ethereum has benefited from the general bullishness of the cryptocurrency market, but it’s not only that.The second-largest cryptocurrency is at...

The gold price has reached all-time highs and breaks new records every week.The market, investors, central banks, the whole world are all-eyes on $2000. Over the past month, gold added 10.83% in price, which is just 1.28% less than the previous record monthly growth achieved in August 2011. Gold is trading above the all-time high of $1921, ahead of an important resistance at $2000. Let’s take a closer at the latest surge and what should we expect next week.Why Is Gold Valuable?In the periodic...