Markets

Bitcoin has a way of surprising people. This week was no exception. A few days ago, almost everyone believed that the cryptocurrency is inevitably headed to a new all-time high. And how could they not? BTC was trading at a few hundred USD below the record from back in 2017. Unfortunately, things took a turn for the worst.Yesterday was undoubtedly a bad day for bitcoin as it plunged a total of around $3,000 in less than 24 hours. From a high of about $19,500 down to $16,200, the bears poked...

Co-founder and partner of Morgan Creek Digital Anthony Pompliano has always been a major bitcoin bull. He’s recently emerged to let all traders know that he thinks bitcoin could potentially reach a price of around $100,000 by next year.Anthony Pompliano: As Confident As Ever in BTC2020 has been rocky from the start, but to say it hasn’t been kind to bitcoin would be a huge falsehood. The world’s number one cryptocurrency by market cap has seemingly surged by more than 160 percent since the...

2018-like vibes came to haunt bullish bitcoin holders when whales showed up at cryptocurrency exchanges looking to take profits for a ‘filling’ Thanksgiving. Data shows that more than 93,000 BTC (around $1.56 billion) made their way to centralized exchanges after the primary cryptocurrency topped at $19,600.Bitcoin Whales Throng Cryptocurrency Exchanges With 93,360 BTCFrom November 25-26, it was a bloodbath for turkeys and the global cryptocurrency market. But why? Data from blockchain...

BitcoinBitcoin saw a slight retracement from its bullish rally this week after dropping 6.3% over the past 7 days. The cryptocurrency started the week on a bullish footing as it climbed higher from $18,000 and reached as high as $19,500. Unfortunately, it could not close a daily candle above $19,265 (1.272 Fib Extension) during the week.Yesterday, Bitcoin dropped by a steep 10% to the $17,000 region. The decline continued today as BTC fell into the $16,375 support – provided by a .5 Fib...

The price of bitcoin has continued to exceed expectations during these final months of 2020, and as things grow from where they were just eight months ago in March, many analysts are predicting that 2021 is going to be a year fully devoted to the world’s number one cryptocurrency by market cap. Figures such as Todd Gordon – founder of TradingAnalysis.com – believe that the asset could spike as high as $74,000 by next year.Gordon: Bitcoin Will Soon Explode Like We’ve Never SeenTo come up with...

The US National Highway Traffic Safety Administration (NHTSA) opened an investigation of 115,000 Tesla vehicles over front suspension safety issues.Tesla Inc (NASDAQ: TSLA) stocks were up approximately 1.71% to trade around $583.88 during Friday’s pre-market. TSLA stock closed yesterday trading at $574, up 3.35% during the day. Today as the market opened, the stock is up 3.03%, trading at $591.39. Despite the strong bulls, the giant electric car maker is facing an investigation for...

[PRESS RELEASE – Please See Disclaimer]The CryptoThrills Online Casino just released Original Spirit’s new live casino massively upgrading it’s live dealer offering and keeping up to date with the market. This is the second live dealer provider release from Crypto Thrills in the span of a month indicating that the brand is going through a major product improvement. Thanks to the fresh Baccarat, Roulette, Poker and Blackjack additions, CryptoThrills aims to establish itself as the leading...

Every year, the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC has been increasing gradually. Now, the remaining addresses with less than 1 BTC account for just 5% of Bitcoin’s market cap.Bitcoin wallets holding 1 BTC or more — dubbed “wholecoiner” wallets — take 95% of the popular cryptocurrency’s entire capitalization, according to new data that recently emerged. Meaning just 5% of the market cap remains, which users with a balance of less than 1BTC, assumed to be tens of...

Baidu is demanding a payment of $20 billion for its stake in the video streaming platform as it controls approximately 56% of iQIYI.Shares of Chinese online video streaming platform iQIYI Inc (NASDAQ: IQ) are down approximately 4% during Friday’s pre-market to trade around $21.55. The fall in iQIYI stock price is largely attributed to news that Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (OTCMKTS: TCEHY) have all stalled acquisition talks with Baidu over price and...

Starting from 2021, a new antitrust unit by the UK government will launch a code to curb Google and Facebook dominance in the market. Moreover, technology companies will be required to be more transparent with the services they offer.The UK government is planning to implement stricter competition rules to curb Facebook Inc (NASDAQ: FB) and Google LLC (NASDAQ: GOOGL) from dominating the tech market. The British government hopes to use the new rule to prevent the tech giants from overriding...