Markets

Following the recent roller-coaster that resulted in a few massive four-digit price movements, Bitcoin appears to have calmed north of the $18,000 price tag. The alternative coins also followed the volatility ride but have ultimately lost market dominance against BTC. More interestingly, Bitcoin has managed to reach an all-time high value in terms of its market capitalization, despite the price being lower than back in 2017. Bitcoin Calms After The Storm People use many words...

Bitcoin price started a strong increase above the $17,000 and $18,000 resistance levels against the US Dollar.The price traded as high as $18,493 and it settled nicely above the 55 SMA (H4).There is a key bullish trend line forming with support near $16,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but the bulls are likely to remain active near $17,200 and $17,000.Bitcoin price is showing bullish signs above the $17,000 zone...

SpaceX’s Crew-1 spaceship flew 4 astronauts to space yesterday. But it seems the shuttle also dragged the bitcoin and cryptocurrency market along with it. As in what happens to be a revisit of 2017, BTC smashed past the $18,000 price mark pushing the total digital asset market cap north of $500 billion. The excitement was short-lived, however, as the cryptocurrency took a u-turn and decreased by more than $1,000 moments after touching its intraday high. Bitcoin Price Blasts...

Bitcoin is all the rage as of late, and it looks like more companies are looking for ways to reward their customers with the world’s number one digital currency by market cap. We all require groceries each month, and thus one of the largest grocery retailers in America – Kroger – has stepped forward and is offering its customers regular bitcoin rewards just for making normal, everyday purchases at their outlets and stores.Kroger Is Offering BTC Rewards to ShoppersOver the past week or so,...

One of the big stories centering on bitcoin during the latter half of 2020 was the fact that Square – a company operated and owned by Twitter founder Jack Dorsey – has purchased a large sum of it.Square Has Bought Bitcoin – So What Have We Learned?Last month, the company announced that it had made a $50 million investment in the world’s number one cryptocurrency by market cap, and that it had also earned quite a bit of bitcoin-related revenue during its final quarters of 2020. This is a...

Home Depot’s Earnings Per Share came in at $3.18 against the $3.06 expected from analysts. The retailer’s total sales surged by 24% from the year-ago period.The shares of Home Depot Inc (NYSE: HD) plunged in the pre-market and continued following after the market opened despite the retailer posting better than expected Q3 earnings. As reported by CNBC, Home Depot posted revenue of $33.54 billion as against the $32.04 billion expected by analysts surveyed by Refinitiv.Home Depot ranks as one...

However, Changpeng Zhao warned that some Defi projects will not last long and possibly never recover from the bubble.Speaking to a Russian media outlet RBC, Binance CEO Changpeng Zhao (CZ) said that the decentralized finance alias DeFi is here to stay despite showing signs of a market bubble.“A lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that DeFi will eventually disappear entirely,” CZ...

Bitcoin price has erupted through the psychological $17,000 level today. It is now breaking through the first high set way back in January 2018, after the primary cryptocurrency crashed from its all-time high level of nearly $20K. This is the first time Bitcoin has been above the $17,200 mark in 1,066 days. Over the last 40 hours, $32 billion has flooded back into the crypto markets – according to data by CoinGecko. It’s been speculated that one of the main catalysts for this...

Bridge Mutual noted that all stablecoin insurance claims will be reimbursed immediately.Bridge Mutual has introduced insurance services to the fast-growing stablecoin industry. Dubbed the ‘Bridge Mutual Insurance’, it will provide coverage up to the over $23 billion industry. Stablecoin users have a sigh of relief as attacks in the stablecoin industry get reported frequently.The company identified a gap in the market as the stablecoin industry grows exponentially due to increased demand....

Although there is no official confirmation of the price tag, media outlet Reuters previously indicated Honor brand could bring Huawei up to $15 billion.Huawei Investment Holdings Co Ltd will no longer have shares in the Honor Brand. This is because a group of companies on Tuesday issued a joint statement in the “Shenzhen Special Zone News” that Shenzhen Zhixin New Information Technology Co., Ltd will acquire the Honor brand for an undisclosed amount.Notably, the Shenzhen Zhixin New...