Markets

Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.” Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow. Opimas CEO: Bitcoin Will Shoot Through The Roof Appearing on RT’s Boom Bust, Marenzi was asked about the current state of the financial world and his prediction by the end of the year. He...

Bitcoin price is recovering with yesterday’s surging breakout to $11.8K. The arrival of the new bullish momentum coincided with the US trading markets opening for the week and caused $6 billion to flood back into the crypto space within a few hours. This sharp rise in trading volume has created a third gap on the CME bitcoin futures chart (GAP 3) between $11,490 and $11,405, which will undoubtedly be adding pressure on top of the current uptrend. Not far beneath it is the...

ADA price is showing positive signs above the $0.1050 resistance against the US Dollar.The price is facing hurdles near $0.1110, but it is above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.1070 on the 4-hours chart (data feed via Kraken).The price could either decline towards the $0.1025 support or it might continue to rise towards $0.1150.Cardano price is showing positive signs above the $0.1050 level against the US Dollar, similar...

Bitcoin finally made a move in the past 24 hours and surged to a new 7-week high of over $11,800. Interestingly, BTC’s price increase contrasted with the US stock markets as the three most prominent indexes closed yesterday’s trading session with serious losses. Bitcoin Spikes To $11,820 CryptoPotato reported yesterday that Bitcoin had remained relatively calm in the past several days, despite recent negative news. The popular digital asset exchange OKEx suspended withdrawals...

Ethereum price started a fresh increase after it settled above the $360 zone against the US Dollar.ETH price is currently trading well above $372 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $376 on the 4-hours chart (data feed from Coinbase).The pair is currently consolidating gains, but it is likely to start a fresh increase above $380.Ethereum price is showing positive signs above $372 and $376 against the US Dollar. It seems like...

Although the People’s Bank of China (PBOC) has not officially released a report on the test, analysts are positive on the overall score on the digital yuan public test.The People’s Republic of China through the People’s Bank of China (PBOC) completed the one-week-long public test on the new Digital Yuan at the city of Shenzhen. However, there are mixed reactions on the project from the public opinion, analysts view and also from the Chinese regulators.A selected group of Shenzhen residents...

U.S. and China have had a good year for stock market debuts where share listings came from big tech names like Palantir and Ant Group. However, this is not the case for Europe.Unlike previous years when notable companies like Spotify Technology SA (NYSE: SPOT) music streaming service and Adyen (Euronext: ADYEN), a payments processor, went public, Europe has recently struggled in the tech space to produce significant initial public offerings (IPOs).European IPOs Struggle Significantly This...

Alibaba Group Holding has increased its stake in Sun Art Retail Group, a Hypermarket chain operator.As detailed by Reuters, the move by Alibaba Group Holding Ltd (HKG: 9988) to increase its investment in the Sun Art Retail Group Ltd (HKG: 6808) comes in a bid to bolster its presence in the Chinese retail market sector.Per the reports, the investment was made directly into A-RT Retail Holders, the retail giant with about 51% controlling stake in Sun Art Group. Alibaba increased its stake in...

With Japan, Europe, and the United States, big tech companies like Apple, Facebook, Amazon, and Alphabet will be in one huge legislative umbrella on market monopoly.As the global market continuously recovers from the coronavirus pandemic, big-tech companies’ market monopoly is proving to be a headache to most governments. Hereby, the United States, Europe and Japan have all joined forces to control the overall effects of big tech companies especially in their respective jurisdictions.United...

In September, Ant won approval from Shanghai’s Star Market. But it still had to wait for the green light from Chinese regulators. Today, a hearing with the Hong Kong stock exchange will take place.Chinese fintech giant Ant Group, 33% owned by Alibaba Group and controlled by billionaire Jack Ma, is planning to conduct an Initial Public Offering (IPO) in Hong Kong. Today, the company has got approval for the IPO from the China Securities Regulatory Commission (CSRC).Ant Group has declined to...