Markets

Gilead Sciences (GILD) stock is slightly down despite the progress that the company made in testing of its remdesivir drug that can be used as the coronavirus treatment.Shares of Gilead Sciences Inc (NASDAQ: GILD) slightly dropped yesterday despite the company announcing advancement in its race for a COVID-19 treatment. GILD shares closed the market on July 8, 2020, at $75.61 after shedding 1.06% per share. Gilead announced on Wednesday that it started Phase 1a of a clinical study to test an...

Following the latest impressive pump in the price of Dogecoin, largely attributed to the influx of TikTok-inspired traders, two major exchanges have added perpetual futures contracts for the coin. This allows users to essentially short DOGE with very high leverage.Dogecoin Receives The SpotlightAs CryptoPotato reported yesterday, Dogecoin surged by over 100% in less than a couple of days.The reason for this pump, however, doesn’t hide in complex technical analysis or improving fundamentals....

In the past seven trading sessions, Tesla stock has jumped by 40%. Yesterday, Tesla stock closed at $1,365.88 per share, in the pre-market today, it is 1.66% up. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is floating on a cloud: due to Tesla stock’s take-off, he has not only topped several billionaires including MacKenzie Bezos and Charles Koch on the rich list but also come closer to a big payout potentially worth $1.8 billion.Back in 2018, Elon Musk received Tesla’s performance-based...

Nvidia now is the most valuable chipmaker in the U.S. Being boosted by the news, NVDA stock price is moving higher.Nvidia Corporation (NASDAQ: NVDA) stock is in green. The positive tendency is attributed to the fact that the chipmaker surpassed Intel Corporation (NASDAQ: INTC) to become the most valued chipmaker in the United States.Nvidia (NVDA) stock closed at 3.49% higher yesterday. This puts its market capitalization at $251.31 billion. Intel market cap is $248.15 billion. The stock price...

There is no doubt that the hottest thing in the crypto industry at the moment is decentralized finance. However, Ethereum as its foundation still hasn’t caught up.Another day has heralded another all-time high for the total dollar value of collateral locked up in DeFi markets. That milestone has just hit $2.15 billion as more investors lock up their crypto, according to Defipulse.com.The Year of Decentralized Finance (DeFi)In less than a month, the amount of collateral locked into smart...

Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility.Traders Held More Open Positions in BTC Contracts Than in MayBinance released its monthly report discussing the activity on its futures trading platform. While trading volume...

EOS price started a fresh increase from the $2.250 support area against the US Dollar.The price gained momentum above the $2.500 resistance and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $2.420 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct lower, but there are many supports near $2.600 and $2.500.EOS price is trading in a positive zone above $2.500 against the US Dollar, similar...

Litecoin price started a fresh increase from the $40.50 and $40.00 support levels against the US Dollar.LTC price is now trading nicely above the $44.00 level and the 55 simple moving average (4-hours).There was a break above a significant bearish trend line with resistance near $42.30 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is currently consolidating near the $45.50 resistance and it could continue to rise.Litecoin price is rising again and trading above...

Bitcoin is once again at the top of the financial ladder. New evidence suggests that the currency has surged by close to 30 percent since quarter one of 2020, and that it has also outperformed many leading assets such as gold, silver, and platinum.Bitcoin Is Still the Financial Leader of the YearWhile tools like gold are usually highly valued by investors everywhere, the asset has not experienced the same price swings as bitcoin over the early part of the year. In March, for example, the...

Binomo is available for both mobile and desktop applications and operates around the clock for ensuring maximum accessibility and uninterrupted operation.It’s considered that there is a secret to successful online trading. It is also generally accepted that internet trading is an activity for seasoned investors because success requires not only stable connections to the internet and start-up capital but also special knowledge, skills and a healthy amount of experience. There are many examples...