Markets

After exploding to new yearly highs and displaying extreme volatility levels, Bitcoin has retraced beneath $17,500. Most alternative coins have followed suit, and the market capitalization has fallen below $500 billion.Bitcoins Tanks To $17,500The past several days have only exemplified Bitcoin’s impressive run in Q4 2020. The primary cryptocurrency was struggling beneath $16,000 for a bit before initiating a remarkable leg up that resulted in new records.BTC painted a new yearly high –...

EOS rallied towards the $2.750 level before correcting lower against the US Dollar.The price is currently trading above the $2.550 support and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $2.550 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a fresh rally if it clears the $2.650 resistance zone in the near term.EOS price is currently correcting gains from $2.750 against the US Dollar, similar to...

Since its epic move to an almost three-year high yesterday, Bitcoin has retreated by around 4% to current prices which are in the $17,600 zone. It does appear to be consolidating here though so another leg up could be imminent.On the flip side, a correction of reasonable size would not be out of the question since previous bull markets experienced several 30% plus pullbacks.Bitcoin Correction ScenariosAnalyst and charting guru Peter Brandt has been delving into the possibilities of a large...

Litecoin price started a steady increase above the $70.00 resistance against the US Dollar.LTC price traded close to $78.00 and it settled above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $66.70 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to resume its rise if it clears the $76.00 resistance level in the near term.Litecoin price is showing positive signs above $70.00 against the US Dollar,...

Cryptocurrency is perhaps the most suitable asset for day trading. Not only because the markets are open 24 hours a day, 7 days a week, but also for the relatively high volatility of the market. Take Bitcoin as an example, it has gained 10% in the past 3 days, but it once shed 50% within a week in March 2020. While the high volatility could result in massive liquidation, on the other hand, it presents traders with more juicy opportunities to make profits.With Bitcoin breaking 18K, the market...

Nio reported an adjusted net loss of $146.7 million, in the past three months, with total revenues surging 146.4.% year-over-year to $666.6 million.The stock of Chinese electric vehicle company Nio Inc (NYSE: NIO) was up over 4% during Wednesday’s premarket to trade around $48.42. Nio stock closed yesterday at $46.59, having jumped 2.22% during the day. However, today, as the market opened the stock, went lower and now it is 5.45% down, at $44.The spike is attributed to the third-quarter...

Crypto-backed lending is on the rise, and it is adopted even faster than one would first think, especially among institutionals.Providing new use-cases for digital assets, cryptocurrency lending is more popular than ever. Crypto lending is one of the major forces driving the fast-growing DeFi industry, but institutional service providers are also gaining a foothold on the market.What Does Crypto Have to Do With Lending?To start with, let’s see what a crypto-backed loan is.A digital...

As CureVac prepares to push its COVID-19 vaccine candidate in the final stage of trials, it is also working on a pan-EU network to manufacture millions of the vaccine doses.Pharmaceutical and biotech companies are really gearing up with research and manufacturing facilities to bring the COVID-19 vaccine to market. Germany-based biotech company CureVac BV (NASDAQ: CVAC) is working on a new European network to boost the manufacturing of its experimental Coronavirus vaccine.Industry reports also...

The public blockchain project TomoChain has signed an agreement with Vietnam’s Ministry of Education and Training to provide DLT services. As a result, all certifications achieved by students in High School and Higher Education will be uploaded to the TomoChain blockchain network. TomoChain Enters The Vietnamese Market The Singapore-based blockchain company powered by a proof-of-stake voting consensus announced the new partnership in a press release shared with CryptoPotato....

Tron price started a decent increase above the $0.0240 and $0.0250 levels against the US Dollar.TRX price traded as high as $0.0268 before it corrected lower towards the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $0.0252 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a fresh increase as long as it is above $0.0250 and $0.0245.TRON price is currently correcting gains from well above $0.0265 against the US Dollar,...