Markets

Pull out the cake, put on those party hats and blow out the candles! Bitcoin is celebrating a birthday. It was exactly 12 years ago on January 3, 2009 that the very first unit of the world’s largest and most powerful cryptocurrency by market cap was extracted from the blockchain.Bitcoin’s Birthday Is HereAnd what a great way to celebrate this newfound horizon. The asset recently spiked beyond the $33,000 mark, reaching a new all-time high and starting 2021 off on solid ground. Gaurav Dahake –...

The crypto trading giant has set a new all-time high in 24-trading volume, exceeding $80 billion on both the spot and derivatives platforms. In total, more than $180 billion has been traded across the entire crypto market in the last 24 hours as of press time.Binance Trading Volume Records New ATHTweeting on Monday (Jan. 4, 2021), Binance CEO Changpeng Zhao said that trading volume on the platform was twice its previous all-time high (ATH), reaching over $80 billion. Data from CoinMarketCap...

It’s just been a few days and already 2021 is off to a great start for bitcoin and the land of cryptocurrency. The world’s number one digital asset by market cap has shot beyond the $30,000 mark. In fact, it is currently trading in the high $32,000 range, which is a small dip from its new all-time high of roughly $33,000.Bitcoin Is Enjoying the New Year2020 really set a pinnacle for bitcoin and crypto trading. The asset rose all the way to about $28,700 during the final days of December. Now...

While the growth of economies is tied to these vaccines’ timely distributions, the markets will attempt to trail and break new territories with this headstart into the year.The global stock markets opened to a bullish lift on Monday, the very first trading day of the New Year. MSCI’s All-Country World Index, which tracks stocks across 49 countries, hit a record high and was up nearly half a percent on the day after the start of trading in London, according to Reuters.The S&P 500 Index...

The Alphabet union group has pointed out that each registered member will contribute 1% of their annual compensation to the union. Alphabet Inc (NASDAQ: GOOGL) stocks were trading around $1,759.49, up 0.39% during Monday’s pre-market session. Alphabet shares managed to jump over 28% last year, thanks to the coronavirus pandemic. Having successfully delivered to its shareholders last year, the company successfully migrated to a remote working system to control the spread amongst its workers....

Reports suggest that what seemed to be a redesigned version of the Tesla Model S may also be a prototype of the looming Model S Plaid.Tesla Inc (NASDAQ: TSLA) has started the year with a tricky costume as a redesigned version of its Tesla Model S was spotted in California. The new version of its Model S wasn’t supposed to hit the streets for a while after the company pumped its break on its vehicle production lines. 2020 was a somewhat bittersweet ride for Tesla stock. The stock opened at...

Since the opening of today’s candle, Bitcoin went on a rollercoaster, dropping around $5,500 and recovering some of it already. On its way down, BTC filled the latest CME gap at about $29,000 and jumped back above $30,000 immediately after.This raises speculations within the crypto community if this was a necessary correction triggered by the CME gap and if it’s already over.CME Gap At $29K FilledThe Chicago Mercantile Exchange allows institutional investors to trade bitcoin on its regulated...

With 7000 units delivered in December 2020, Nio recorded a fair growth in five straight months.The Chinese automobile market has over the last few years recorded positive numbers in reflection of the introduction of looser restrictions of license plates, subsidies, and the building out of charging infrastructures. All major Chinese startups including Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV) and Li Auto Inc (NASDAQ: LI) listed in New York experienced a surge in 2020 according to...

Reports revealed that the new Galaxy S21 smartphones would come with improved performance, upgraded cameras, and better designs.Samsung Electronics Co Ltd (KRX: 005930) has officially announced that its new Samsung Galaxy S21 series will launch on the 14th of January. Along with the three new S21 phones, reports revealed that Samsung is also launching Galaxy Buds Pro and SmartTag Bluetooth tracker.Before Samsung’s official announcement on Galaxy 21 launch, Reuters had revealed that the...

Bitcoin enters sharp correction after gaining more than 70% in a month’s time. The social media interest in Bitcoin has reached a new all-time high.Massive volatile and heavy selling sweeps Bitcoin (BTC) as the world’s largest cryptocurrency tanks 15% a day after hitting its all-time high of $34,000 on Sunday, January 3. At press time, Bitcoin is trading at $28,973 levels with its market cap dropping below $600 billion. All these Bitcoin movements have provoked a surge in social media...