Markets

Bitcoin went on a wild ride yesterday when news of a COVID-19 vaccine broke out, but has calmed since then and currently trades at around $15,300. The leading alternative coins have also cooled down as Ethereum sits around $450 and Ripple at $0.25. Bitcoin Calms After Increased Volatility The primary cryptocurrency demonstrated high fluctuations in the past week. It topped at a new yearly high of about $16,000 on Friday but then nosedived a few days later to below $14,300....

Ethereum price traded towards the $470 level before correcting lower against the US Dollar.ETH price is currently trading well above $400 and the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $452 on the 4-hours chart (data feed from Coinbase).The pair could either restart its rally above the $455 level or it might revisit the $400 support zone.Ethereum price is trading in a positive zone above $420 against the US Dollar. ETH/USD could...

Following the positive news about the Pfizer COVID-19 vaccine efficacy, the stock market has responded with big jumps.The first interim COVID-19 vaccine analysis result from the duo of Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) is out and the COVID-19 vaccine candidate shows about 90% efficacy. Per the report from CNBC, both pharmaceutical giants who have been working tirelessly on their COVID-19 vaccine candidate revealed on Monday that the recent trial findings with the reported...

Bitcoin has been hitting all sorts of crazy and high numbers as of late, but according to many analysts, the bull run may just be getting started.Bitcoin Is Experiencing a Solid, Fun TimeThe world’s number one cryptocurrency by market cap is currently trading for around $15,200. That’s about $300 less than where it stood just yesterday. For the most part, however, the currency has come relatively close – closer than it has in approximately two years – to where it was at the end of 2017....

XRP/USD – Bulls Failing to break $0.261 Resistance Key Support Levels: $0.25, $0.245, $235, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. Last Thursday, XRP managed to rebound from the support at a rising trend line as it pushed higher. On Friday, it penetrated above the resistance at the 100-days EMA to reach as high as $0.26 – where lies the resistance at a falling trend line. It failed to penetrate above this line over the weekend and it headed lower. It spiked as...

Volatility is undoubtedly back within the crypto markets. Over the past few hours, Bitcoin gained about $600 and lost them almost immediately. This happens as one of the world’s largest drugmakers, Pfizer, said that its COVID19 vaccine has been positive in over 90% of the trial cases. Bitcoin Pumps and Dumps $600 In Hours The past few weeks have been nothing but exciting for Bitcoin as the cryptocurrency managed to briefly touch $16,000 for the first time in years. Today, it...

With the Netflix-Reliance partnership to offer 399 rupees for both movie streaming and data, Netflix may be on its way to land over 4.6 million subscribers in India before the end of 2020.American technology and online movie streaming provider Netflix Inc (NASDAQ: NFLX) is set to push for increased market share and growth in the Asia Pacific (APAC) region by focusing on boosting local content and product specializations. According to a CNBC interview featuring Tony Zameczkowski, Netflix’s...

The company has already launched its Samsung Galaxy S20 in March 2020 and hopes the newly elected US president will make things easier to favor them by easing restrictions. Samsung Electronics Co Ltd (KRX: 005930) is more likely to pull the curtain for its new flagship smartphone rumored to be called Samsung Galaxy S21 a month earlier than the expected date. The South Korean electronics giant had plans to unveil the smartphone on 14 January 2021 since it is already in mass production.However,...

Despite briefly tanking following the results of the US Presidential elections, Bitcoin has reclaimed the $15,000 mark and registered its third-highest weekly close. The altcoins have also recovered yesterday’s losses, and the market cap has jumped back to $440 billion. Bitcoin’s Third-Best Weekly Close Bitcoin peaked at a new yearly high on Friday as the uncertainty of the US elections grew. However, once the results came in, meaning that the 46th US President will be Joseph...

Bitcoin price has eclipsed last year’s high in an explosive rally up to the $16,000 mark. The market sentiment is bullish, and predictions call for higher highs by the end of this year. However, one accomplished trader has raised the bar quite high. He thinks BTC will be worth anything in the $80,000-$90,000 range by June 2021. Bitcoin’s Price At $20,000 Next? Yes, According To The Rising Blue Arc A popular TradingView based chartist ‘MagicPoopCannon’ (MPC) is projecting...