Markets

Bitcoin bulls have managed to regain some of the lost ground from the heavy 10% correction that took place between Friday and Saturday, November 6-7. The crash coincided with BTC failing to break above the psychological $16,000 – a level not seen January 8, 2018 – and the heated 2020 US Presidential election drawing to a close. Looking at the following 4-hour chart, we can see that a very subtle divergence on the RSI (red lines) showed the surging uptrend was weakening and...

The official election of Joe Biden as the 46th US President resulted in a sharp nosedive for Bitcoin and the rest of the cryptocurrency market. While BTC dumped to a low of $14,350 at its Saturday’s lowest, the total market cap lost nearly $30 billion at one point yesterday. Biden’s Election Drove BTC Down? The past week has been quite impressive for Bitcoin. The primary cryptocurrency entered the election day on November 3rd at about $13,300. The uncertainty that followed...

Startups have taken note of the growing interest in cryptocurrencies, seizing the opportunity to position themselves in the market and Crypto ATM manufacturers are expanding more than ever. According to figures from the metrics website Coin ATM Radar, so far in 2020, there has been a growth of more than 80% in the deployment of new crypto ATMs. This is almost 3 times the amount reported at the beginning of 2019. Crypto ATMs Spread All Over The World The world welcomed 2020...

The price of bitcoin has shot up to $14,900, the highest it’s been in a long time. This is a nine percent spike in the price over the past two days.Bitcoin Is At Its Highest Point This YearThe jump occurs during the U.S. presidential election, which is still heavily underway. Lots of additional counting is taking place in key battleground states, while some areas – such as Arizona – despite being called earlier in the race, are now again up for grabs as gaps tighten.During all this time, both...

After increased volatility that took Bitcoin to $16,000 and $15,200, the cryptocurrency has calmed and trades around $15,500. The altcoins have surged in the past 24 hours as Ethereum is above $450, while Ripple is north of $0.26. Most impressively, Yearn Finance’s YFI token increased by around 100%. Bitcoin Calms After Record Days The primary cryptocurrency has been marching confidently in the past several days. This led to consecutive yearly records and its highest price...

Forex is the common term for foreign currency exchange, which refers to the purchase of one currency using another. In a way, forex is the modern version of barter trade used by ancient humans to exchange goods between communities.The forex market today sees trades worth several trillions of dollars every single day. It is a viable option to earn money with virtually no effort if you understand and apply some basic principles.Factors to considerAs with any investment, you should understand...

The US presidential election outcome remains uncertain, but investors and the markets are already having a celebration. Stock markets across the world recorded gains at various degrees after the election day. The Nasdaq Composite Index gained 2.6 % after the tech-heavy index rose 3.9 % on Wednesday. Other sectors such as industrials and banks rose almost 4 % and 2.6 % respectively.In addition, Gold also rose to $1,930 per ounce against a falling dollar after the election day, almost touching...

This week was wild for Bitcoin. Starting at around $13,500, the cryptocurrency went on to shatter the high set back in 2019 and surge to as much as $16,000 just today. It’s interesting to note that this happens despite the fact that retail investors are yet nowhere to be found, according to data. It appears that the current rally is driven mostly by institutions. All of this takes place while the 2020 US Presidential Elections are still ongoing. Of course, Bitcoin’s path is...

Nearly $1 billion in crypto funds that have ties to the Silk Road dark web are being transferred to other wallet addresses.The Shakers Behind Silk RoadAs we all remember, Silk Road was a dark online market allegedly founded by Ross Ulbricht, who is presently serving a life sentence for his role in the creation of the platform. The website was available to anyone looking to purchase drugs, guns or other contraband with bitcoin. The government shut the company down about seven years ago.But if...

With the new cloud region in India, Amazon will be expanding its market in the Asia region and further strengthening its stronghold in the country. Amazon AWS already offers its services to some of India’s biggest conglomerates.Amazon.com Inc (NASDAQ: AMZN) has announced its major expansion plans in Asia as its plans to invest $2.8 billion for the second data-center infrastructure for its AWS Cloud service in India. The new Amazon Web Services (AWS) cloud data center will be commissioned in...