Markets

Stock markets are rallying as AstraZeneca resumes work after a short break in its clinical trials of the COVID-19 vaccine.The global stock market surged on Monday amid progress on a coronavirus vaccine by pharmaceutical company AstraZeneca Plc (LON: AZN). As a result, the U.S. stock futures jumped more than 1%. Also, Europe’s tech sector added 1% after Nvidia Corporation (NASDAQ: NVDA) unveiled plans to buy UK-based chip designer Arm from SoftBank Group Corp (OTC: SFTBY). Worth $40 billion,...

Bitcoin is up 0.68% today after losing 1.04% in price yesterday.The first cryptocurrency still remains bearish as the Dollar Index is gaining and the S&P Volatility Index is falling sharply since September 3. Currently, on a 4-hour chart BTC/USD has formed an ending diagonal and retraced from the dynamic support and is about to test the upper edge of the ending diagonal at $10 600. If bulls are able to push the price above $10 600, Bitcoin might continue the uptrend move towards 200MA at...

Stellar lumen price started a steady recovery wave from the $0.0722 low against the US Dollar.XLM price tested the $0.0850 resistance zone and it is now testing the 55 simple moving average (4-hours).There is a major ascending channel forming with support near $0.0790 on the 4-hours chart (data feed via Kraken).The pair could either nosedive below the 55 SMA or it might rise further above the $0.0850 hurdle.Stellar lumen price is struggling to gain pace against the US Dollar, similar to...

After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370.Bitcoin Rejected At $10,560During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its position above that level and quickly fell.As such, the primary cryptocurrency bottomed at $10,220 just a few hours later. It has recovered some...

Ripple price is still consolidating above the $0.2300 and $0.2350 support levels against the US dollar.The price is trading well below the $0.2550 resistance, but it is above the 55 simple moving average (4-hours).There is a key rising channel forming with support near $0.2395 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue higher above $0.2500 as long as there is no close below $0.2300.Ripple price is trading in a range above the $0.2300...

Sometimes the best way to ensure your enemies can’t take advantage of you is to keep all your vulnerabilities and issues as secret as possible, and for one team of bitcoin researchers, doing so has ensured the world’s number one cryptocurrency by market cap has stayed safe over the past two years.Bitcoin Had a Major Issue That Was Kept QuietIn 2018, Bitcoin Core was discovered to have a serious vulnerability. It wasn’t long before the issue was fixed up, but the entire operation was kept very...

Binance Coin surged by an impressive 55% this week to a fresh 14-month high, surpassing $32.50.Against Bitcoin, BNB also created a fresh 14-month high as it reached over the 0.003 BTC mark.The latest price increase allowed Binance Coin to escalate back into the top-7 cryptocurrencies by market cap.BNB/USD – Bulls Set Fresh 2020 Highs At $32.57Key Support Levels: $28.38, $27.17, $25.75.Key Resistance Levels: $30, $32.57, $34.37.At the beginning of September, the drop in the price of Bitcoin...

 As the DeFi space continues to boom, developers have come up with yet another iteration of a Uniswap-like automated market maker. Zeroing down on the meme-based food token craze, the platform is called BurgerSwap. BUIDL it, and they come. I do not know who built this one, but it’s already live on #BSC.BurgerSwap https://t.co/hsFQCZ8bcq— CZ Binance (@cz_binance) September 12, 2020BurgerSwap, unlike SushiSwap or other alternatives, is based on the Binance Smart Chain. It’s an implementation of...

Bitcoin has taken another swing at the previous 2020 high of $10,500 and currently trades above it. Ethereum nears $400, while the top 10 tokens see a few rotations, including Polkadot and Binance Coin.DeFi tokens are booming again with Yearn.Finance marking a new all-time high of about $44,000.Bitcoin Progresses SteadilyThe primary cryptocurrency traded in a tight range between $10,280 and $10,360 yesterday. However, the bulls decided to act and increased Bitcoin’s price firstly to $10,480...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for just over $10,200, which means that it’s fallen a little further in the past 24 hours. Still, despite the bearish phase the cryptocurrency appears to be experiencing, many people seem to be remaining loyal to the asset, among them Jack Dorsey of both Square and Twitter fame.Jack Dorsey: Bitcoin Is the Most Viable CurrencyAs the CEO of two major companies, Dorsey has long been a top advocate...