Markets

Bitcoin is doing rather well as of late, but among all the reasons why, one of them has really got advocates scratching their heads. It looks like the world’s number one cryptocurrency by market cap is getting a lot of support from its biggest competitor: Ethereum.Ethereum Has Really Moved BTC ForwardAs the second-largest cryptocurrency in the world, Ethereum was introduced in 2015, roughly six years after bitcoin was first brought to the trading table. The currency is widely recognized for...

In the growing excitement and panic in the market over the U.S. Presidential elections, commodities and safe-haven assets Gold and Bitcoin are showing signs of recovery after the Monday crash.Early this morning Bitcoin put the first step towards an engulfing bullish move after testing the lower threshold of an ascending channel and received a pretty well support from EMA50.Bitcoin price on OverbitBitcoin is healthier when whales withdraw their funds from exchanges. In the past 14 hours almost...

The difficulty adjustment has stirred up reactions on Twitter, with Twitter users praising Bitcoin Founder Satoshi Nakamoto.Since 2011, Bitcoin recently had its biggest difficulty drop, after which the network adjusted itself automatically by 16%. Despite the significant drop, the price of the giant token remains stable. Bitcoin Mining DifficultyOn the 3rd of November, the Bitcoin network automatically adjusted after its biggest mining difficulty drop in years. According to data from BTC.com,...

If BNP stock can strongly rebound from the current support level, it will be a new bull run capable of ATH breakout.French international banking group BNP Paribas SA (EPA: BNP) stock has jumped over 6% on Tuesday after the company reported mixed results for the third quarter. At the time of writing, BNP stock was trading at around €33.06. Being the largest bank in France, BNP Paribas earnings report shows a lot of things about coronavirus and the market in general.At the height of the...

In the DeFi world, Opium is renowned for the provision of various credit default swap-like products, including those of wBTC and Aave.Crypto derivatives platform Opium has managed to raise almost $3.25 million in a new funding round. Sam Bankman-Fried’s Alameda Research, Kenetic Capital and QCP Soteria, Hashkey Group, CMS Holdings and Galaxy Digital are some of the investors involved in this new fresh cash injection. Through the funding, The Amsterdam-based startup will enable users to users...

As a plan to save Twitter stock from the possible sell-off, the company reached an agreement with Elliott Management to buy back its stocks worth $2 billion. Twitter Inc (NYSE: TWTR) stock closed Monday’s trading session 4.57% down at $39.47. However, some of yesterday’s losses had been recovered during the after-hours trading session as the social media stock was 1.11% up. The volatility in Twitter stock can be attributed to several market fundamentals that investors have been closely...

It goes without saying that a lot has happened over the past four years when it comes to cryptocurrencies. We went through the market’s most parabolic cycle in 2017 and a prolonged bear market in 2018. In 2020, the market is arguably in a bullish state coming into this year’s US Presidential Elections, where Donald Trump will battle to keep his presidency against Joe Biden. At times like these, it’s worth taking a step back and see how the market looked during the previous...

ADA price started a fresh decline from well above the $0.1000 support against the US Dollar.The price is now trading well below the $0.0920 support and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.0960 on the 4-hours chart (data feed via Kraken).The price is likely to continue lower towards the $0.0850 support or $0.0832 in the near term.Cardano price is gaining bearish momentum below $0.0950 against the US Dollar, similar to...

Bitcoin continues to struggle ever since it peaked above $14,100 during the weekend. The situation with alternative coins is even worse, and the total market capitalization has dipped to about $390 billion. Bitcoin’s Struggles Since Its 1,000-Day Peak CryptoPotato reported over the weekend that the primary cryptocurrency spiked to a new 2020 high of about $14,100. The difference between this record and the previous ones registered in October was that it surpassed the 2019’s...

Ethereum price started a fresh decline from well above $392 against the US Dollar.ETH price is currently trading below the $385 support and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $397 on the 4-hours chart (data feed from Coinbase).The pair is testing the $372 support and there is also a major support at $365.Ethereum price is declining and trading below $390 against the US Dollar. ETH/USD must stay above the $365 support to...