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ADA price is showing a lot of positive signs above the $0.1000 support against the US Dollar.The price is trading above the $0.1050 level and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.1050 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher above the $0.1100 and $0.1120 resistance levels.Cardano price is slowly gaining pace above $0.1050 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is holding gains above the $450 and $440 support levels against the US Dollar.ETH price is currently trading well above $450 and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $452 on the 4-hours chart (data feed from Coinbase).The pair is likely to accelerate higher once there is a clear break above $470 and $472.Ethereum price is trading in a positive zone above $450 against the US Dollar. ETH/USD could accelerate higher...

It has been quite a year for Bitcoin, both in terms of price action and adoption. After recording its biggest daily price drop to $3,600 in March due to the COVID-19 pandemic, the cryptocurrency is now trading less than 25% from the all-time high of 2017. Analysts are bullish and believe that bitcoin is poised for even bigger moves, and the digital asset could reach higher highs if the current bullish trend continues. Bitcoin At $1 Trillion Market Cap Interestingly,...

Many people have been switching their stances on bitcoin as of late. The currency has done so well this year and come so far that many naysayers have suddenly turned into big fans, and it looks like another one has been turned. The person who is suddenly pushing bitcoin is an economist named Nouriel Roubini, who in the past, has been rather unkind to the asset.Roubini: Maybe BTC Isn’t So BadBitcoin has more than tripled since March. At the time, the asset had fallen below the $4,000 mark,...

The situation around a possible vaccine for the novel coronavirus COVID-19 continues to develop. Today, Moderna Therapeutics, one of the world’s largest pharmaceutical companies, announced that its preliminary data shows its coronavirus vaccine is more than 94% effective. This sent its stock price higher and major indices, which are all trading in the green following Monday’s market open. That’s not all, however, as bitcoin’s price is also on the rise, charting a new 2020...

The cryptocurrency market is one of constant change. It seems that every day there is something new. 2020 was no different. In fact, this year, we saw the absolute explosion of the decentralized finance (DeFi) industry. Data from DeFi Pulse shows that in January, the total value locked (TVL) in DeFi-based projects was around $700 million. At the time of this writing, it’s sitting at $13.7 billion, realizing an increase of more than 1850%. And of course, this had its impact on...

The Moderna vaccine trial involved about 30,000 participants and the interim analysis for the vaccine was based on 95 infections among the trial participantsThe stock of an American biotechnology company that focuses on drug discovery, and drug development Moderna Inc (NASDAQ: MRNA) is soaring in today’s pre-market following reports that the company’s COVID-19 vaccine candidate mRNA-1273 recorded a 94.5% efficacy in its late-stage clinical trials. According to a CNN report, Moderna heard its...

Citibank executive noted that Bitcoin is going through a similar period to that of Gold in the 1970s and expects a potential breakout next year.In a moment of excitement for Bitcoin investors, Wall Street banking giant Citibank expects Bitcoin (BTC) price to hit $300K by the end of 2021. It means that BTC price can 18.5X from the current levels surging more than 1700%. Well, crypto analysts have been giving such massive targets for a long time. But it seems that even senior executives of...

The growth currently observed in the global stock market may be the tip of the iceberg compared to the period when a vaccine will be approved by authorities around the world and will go into wider circulation.The global stock market has seen an increased boost or growth following the positive COVID-19 vaccine news that emanated from Pfizer Inc (NYSE: PFE) in the past week. The positivity surrounding a functional and effective COVID-19 vaccine has renewed the hopes of a scheduled global...