Markets

Bitcoin continues with the 2020 records and just a few hours ago marked a fresh high of above $13,350. Most alternative coins followed suit with impressive increases, but the market has calmed since then. The entire cryptocurrency market clocked at above $400 billion. Bitcoin To Yet Another 2020 High CryptoPotato reported a few days ago that the primary cryptocurrency exceeded the August 2020 high of about $12,500 and reached $13,200. What followed was a slight retracement to...

As per the market estimates, the Jack Ma-backed Ant Group will list its shares at the Hong Kong and the Shanghai STAR at 69 yuan per share price. This could further boost Shanghai’s status as the fastest ever-growing market in the world.China’s Ant Group is preparing for a dual listing on the Hong Kong as well as Shanghai Stock Exchanges. At $35 billion, this could be the world’s largest-ever IPO in history beating the record of Saudi Aramco‘s $29.4 billion listing last December.Sources...

Bitcoin has been spiking as of late thanks to news that PayPal is permitting users to purchase goods and services with cryptocurrency. However, according to Paul Tudor Jones, inflation is so bad right now that this is proving to be a heavy motivator behind everyone trying to get their fingers on bitcoin.Paul Tudor Jones Has Some Praise for BTCWhile news of PayPal accepting bitcoin payments is certainly huge, Jones – a billionaire investor – comments that people’s attitude towards bitcoin is...

With bitcoin’s latest rally beyond the $13,000 mark, it seems like the next bull market is here. It can be seen from BTC markets that have been on fire for the last 7 days, including derivatives. The latest data shows that bitcoin futures markets on Binance have clocked the highest 24h BTC futures volumes amongst all platforms. This comes amid the exchange registering $760 million in open interest. Binance Experiences Explosive Bitcoin Futures Market Action Bitcoin rallied...

Following the past couple of days of significant price developments within the cryptocurrency space, most assets have calmed. Bitcoin remains just shy $13,000, while some of the altcoins have even retraced slightly. Bitcoin Struggles at $13,000 The past seven days were nothing short of impressive for Bitcoin. After a brief dip to $11,400 last week, the cryptocurrency went on a roll. Promising news from PayPal only accelerated BTC’s bullish run, resulting in a fresh 2020 high...

Bitcoin is on a serious roll as of late. The world’s number one cryptocurrency by market cap has been surging over the past few days, and it looks like the asset’s price is just getting bigger and bigger with each passing moment.Bitcoin Is Exploding As of LateJust yesterday, bitcoin moved well past the $12,000 mark and was trading for about $12,700, marking the highest point it’s reached in over a year. The last time bitcoin hit $12K was in late August, only then, the asset struggled to...

This week was particularly interesting in the cryptocurrency markets. Bitcoin’s price charted a new 2020 high, surging to as much as $13,217 on Binance. The entire market cap surged and gained almost $40 billion throughout the past seven days. The catalyst for this major move was PayPal. The world’s largest online payment processor announced that it would allow its customers to buy, sell, and store cryptocurrencies as soon as the next few weeks for US-based users. The rest of...

SoftBank announced on Friday that its shareholders will receive an interim dividend of 22 yen per share.News outlet Reuters indicated that the company reached the decision after it underwent a series of asset sales that stabilized its finances.SoftBank Group Corp (TYO: 9984) has a market capitalization of around $131.64 billion. Its shares at the time of writing had a 52 week range of $12.20 and $34.54. Notably, during the coronavirus pandemic SoftBank shares rose approximately 56.45% year to...

Bitcoin Bitcoin saw a very strong 13% price increase over the past seven days which allowed it to break above the $13,000 handle. At the start of October, Bitcoin managed to penetrate above a symmetrical triangle pattern which was the first sign that a bull run was about to form. After the breakout, it managed to push as high as $11,600 before stalling. Last Friday, Bitcoin was trading at around $11,200 as it rebounded and started to push higher. It quickly reached the...

The Ethereum network is well poised to be the first cryptocurrency network to process US$1 trillion in transactions by the end of 2020.The potential of the Ethereum network to hit this milestone was revealed by the cryptocurrency market data aggregator Messari who noted that the network’s 30-day rolling daily average for Ethereum transaction volume is currently at $7 billion. Should the momentum be sustained, Messari believes that the network will eventually process up to US$1 trillion in...