Markets

BT Group (LON: BT.A), a British Telecom Company has been said to have 47.2% upside potential, and ABN Amro Bank NV (AMS: ABN), a Dutch bank has been said to have an upside potential of 50.6%.2020 will soon end and the uncertainties surrounding the general performance of the stock market for the coming year are building high. Investors are running out of patients to identify the next stock with upside potential.To summarize what a lot of the equity analysts are saying, 2021 will be an...

Users withdrew a record 29,300 BTC from OKEx after the Malta-based cryptocurrency exchange resumed withdrawals yesterday. This comes after bitcoin (BTC) price kickstarted its epic freefall dropping to levels near $16,500 before bouncing back up again. But what is the reason behind the massive bitcoin exodus out of OKEx?OKEx Sees Significant BTC Withdrawals And DepositsAs per the latest update from on-chain and market analysis firm Glassnode, OKEx users have withdrawn a record 29,300 bitcoins...

Black Friday is the day shoppers anticipate the most. Being regarded as the beginning of the Christmas shopping season in the US since 1952, Black Friday has also infiltrated almost every country with significant discounts on clothing, consumer electronics, home utilities, and more.The cryptocurrency space also provides compelling offers. Perhaps the most attractive one arrived yesterday as most digital assets, including Bitcoin, started an early Black Friday sale.Black Friday On The Crypto...

Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021.Finance Times cited three people working on the project claiming that Libra’s long-awaited launch could come in January 2021 but in a scaled-down version.CryptoPotato reported before that Libra already changed its original idea from being a “single global digital currency” to creating a series of various digital coins. The FT coverage asserted that Libra could see the...

Bitcoin has recovered a bit since yesterday’s massive price drop to $16,250. Most alternative coins have also bounced off their most significant dips, and the total market capitalization has recovered over $30 billion in a day.Bitcoin’s Black Friday SaleFollowing weeks of gradual increases that led to BTC coming less than 3% away from its 2017 all-time high, the primary cryptocurrency plummeted yesterday.Bitcoin went from a high of $19,500 down to $16,250 in a matter of hours. In other words,...

Bitcoin cash price started a sharp decline after trading as high as $373 against the US Dollar.The price broke the $300 support and settled below the 55 simple moving average (4-hours).There was a break below a crucial contracting triangle with support at $320 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could restart its upward move if there is a clear break above the $280 and $288 levels.Bitcoin cash price is holding the $250 support zone and recovering...

Russia’s attempts to establish clear legislation on digital assets continue. During a recent meeting that was primary focused on the COVID-19 consequences on the country’s economy, Prime Minister Mikhail Mishustin made a few remarks on cryptocurrency regulations.Mishustin called them a “relatively new tool, the interest in which is constantly growing.” As such, he believes that the world’s largest country by landmass has to put into motion a plan to steer the market in a “civilized...

Following a successful Hong Kong initial public offering, Evergrande shares are expected to be listed on December 2.Evergrande Property Services Group, part of China’s second-biggest property developer, has raised $1.8 billion in a Hong Kong initial public offering (IPO). According to news outlet Reuters, Evergrande Property has anticipated to raise up to $2.04 billion, but significantly affected by the heavy debt-laden.Apparently, Evergrande Property borrowings totaled 835.5 billion yuan...

Bitcoin was nearly hitting a new all-time high earlier this week after it rose $19,469 for the first time since December 2017. However, today, it lost around 11% of its value.Analysts’ expectations come true as BTC fails to overcome the $20,000 all-time highs. After Bitcoin price rose to a high of $19,580, it experienced a sudden drop to $17,250.According to Cointelegraph Markets and TradingView data on Wednesday, BTC/USD experienced major volatility overnight, causing it to lose nearly...

The cryptocurrency market experienced a massive nosedive today. $80 billion from the total capitalization were evaporated as Bitcoin plummeted below $17,000, while the altcoins had it even worse with notable double-digit price drops.The Red Sea Among The AltcoinsThe alternative coins enjoyed the past few weeks with some remarkable increases. This led to yearly records for many altcoins, including Ethereum reaching $620 and Ripple at nearly $0.90.However, the situation changed suddenly in the...