Markets

The report by Fidelity depicts that Bitcoin has major fundamentals that put it further from health and economic adverse effects.Fidelity Digital Assets, a firm focused on researching institutional asset investment, has released a report on the role of Bitcoin as an uncorrelated alternative investment that may provide portfolio optimization benefits.Fidelity Report on BitcoinAccording to the report, which is the second report in its Bitcoin Investment Thesis series by @riabhutoria, there is a...

Financial strategists at JP Morgan have projected a bleak outlook for bitcoin prices in the short term. According to them, the cryptocurrency has a higher price and is trending at 13 percent over its ‘intrinsic value.’ They based their analysis on ‘positioning indicators’ derived from bets made by traders in the futures markets. But does the argument hold true? The Weather in Bitcoin Land Will Consist Of ‘Modest Headwinds’ According to the latest reports from mainstream media...

Interested LinkEye investors can begin depositing LET on Indodax starting from today.Indonesia’s largest cryptocurrency exchange Indodax has partnered with LinkEye to list the latter’s native coin LET on October 15. According to metrics provided by CoinMarketCap, Indodax reported having approximately 2 million registered users, hence making it the best platform to market LinkEye to the Indonesians.According to the press release sent out to different media outlets, interested LinkEye investors...

Tron price started a steady increase from $0.0240 and climbed towards $0.0280 against the US Dollar.TRX price is now trading well above the $0.0260 support and the 55 simple moving average (4-hours).There is a rising channel forming with support near $0.0263 on the 4-hours chart (data feed via Bitfinex).The pair is likely to continue higher if it clears the $0.0275 and $0.0280 resistance levels.TRON price is currently trading in a positive zone above $0.0260 against the US Dollar, similar to...

Bitcoin price started a steady increase above the $11,000 resistance against the US Dollar.The price is now trading well above the $11,240 support and the 55 SMA (H4).There is a key bullish trend line forming with support near $11,320 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to rally further if it clears the $11,450 and $11,500 resistance levels.Bitcoin price is trading in a positive zone above the $11,240 pivot level against the US Dollar. BTC...

In times of pandemic, uncertainty, and risk, exposure to new of investments is more a necessity rather than a recommendation. According to Fidelity, one of the largest brokers in the U.S., Bitcoin is an excellent investment for those considering to exit banks and enter the markets.In October 2020, Fidelity Digital Assets, a branch of Fidelity focused on the crypto markets, released a report named “Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment.” In it, they analyze...

JPM stock was down 1.38% on Tuesday’s opening hours in the market. The bank has reported better-than-expected net profits with the bottom line getting good support from its investment banking services.On Tuesday, October 13, Wall Street banking giant JPMorgan Chase & Co (NYSE: JPM) delivered better-than-expected Q3 earnings. During Q3 2020, the bank reported a net profit of $9.44 billion with $2.92 earnings per share.This is a nearly 5% jump in net profits and EPS compared to Q3 2019....

Popular bitcoin commentator Lark Davis, who goes by the name of ‘TheCryptoLark” on Twitter, just shared a BTC trend chart that has ‘bullish’ written all over it.Lark says that the top cryptocurrency is on the cusp of crossing the 50-day moving average, and every time it happened in the past, BTC rallied 42 percent on average. If history repeats, bitcoin could be trading st $15,500 by late-November. Will it happen?If History Repeats, Bitcoin Price Could Zoom 42 PercentIn his latest tweet,...

Citigroup reported $1.40 earnings per share versus 93 cents earnings per share as expected during the third quarter.Shares of Citigroup Inc (NYSE: C) jumped approximately 1.53% during Tuesday’s pre-market to trade around $46.58. The jump is attributed to the better than anticipated Q3 results that the company released on Tuesday. However, at the time of writing as the market opened C stock is down nearly 1%.Citigroup stocks have been on the receiving end during the pandemic as indicated by...

The volatility index (VIX) is used to measure the implied levels of volatility in a market, and it also represents a counter index to traditional ones that track upward movements. It’s used widely by investors when assessing risks and quantifying fear.COTI, an enterprise-grade fintech platform, has taken it upon itself to launch a decentralized version of the popular stock market VIX index. Called cVIX, it’s a first of its kind and brings certain benefits for crypto traders.COTI’s cVIX Market...