Markets

The last couple of weeks have been nothing short of intense on the cryptocurrency market. For the first time since 2016, an altcoin flipped Bitcoin’s price as YFI traded above 1 BTC.Polkadot (DOT) is currently all the rage as all eyes are turned on the project and its native cryptocurrency. Data from CoinGecko suggests that it’s the most trending coin over the past seven days, followed closely by several DeFi coins such as Mantra DAO, YF Value, and YF Link.Polkadot (DOT) Dominates Recent...

Amid gains of other fintech companies, Square stock has now added nearly 150% in its year-to-date record, rising with other fintechs.On Thursday, the stock price of American financial services provider, Square Inc (NYSE: SQ) jumped more than 5% in early trading. Later in the day, SQ was still up over 2.5% and finally closed up 1.22% to $155.61. Share prices of other fintech companies are also on the rise. Today, however, SQ is 0.29% down, at $155.16.According to a CNBC report, Mizuho analysts...

BitcoinBitcoin saw a small 4% price drop this week as it headed into the $11,300 support (downside 1.272 Fib Extension). During the week, the coin broke beneath the August rising trend line. The bulls attempted to recover, but the previous support flipped into resistance and the buyers failed to overcome it.On Tuesday, Bitcoin plummeted by 6% from $11,770 to a low of $11,150 (.382 Fib Retracement). Luckily, the bulls pushed higher to close the daily candle above the $11,300 support (downside...

With RealioX, Realio distinguishes itself from existing issuance platforms by developing a decentralized exchange that has a failsafe, 24/7 availability.The ability to tokenize illiquid assets and partially sell them as fractional ownership tokens might turn out to be a boon for the real estate market. At the same time, asset tokenization could become one of the most important use cases for blockchains.Like virtually all blockchain use cases, this however comes with a few pitfalls. Most of...

Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if the digital asset continues on the current path.American cryptocurrency and Bitcoin investor, Tyler Howard Winklevoss, also the founder of Winklevoss Capital Management and Gemini cryptocurrency exchange, outlined his thoughts on Bitcoin future market price. According to his analysis that is based on a gold framework to value Bitcoin, Tyler believes BTC market price is poised to trade at $500k if the market...

Cryptocurrencies are popular trading instruments, thanks to ease of access and high volatility that makes them attractive. However, executing profitable trades in the crypto market generally requires users to efficiently manage their portfolio and work on multiple exchange platforms which can be an exceedingly difficult process unless assisted by specialized trading tools.There are few trading and portfolio management solutions available in the market, and CryptoView is one such platform that...

Despite Bitcoin’s tumultuous performance following an announcement of the US Federal Reserve regarding its new approach to average inflation targeting, the cryptocurrency has managed to stabilize around $11,400 where it’s currently trading at.Elsewhere, Chainlink and Polkadot are both in red but LINK has returned to the top 5 coins by market cap.Bitcoin Spikes And DropsAs CryptoPotato reported yesterday, the US Federal Reserve announced new plans to target inflation averaging 2% over time....

Centre Consortium members Circle and Coinbase have just launched an upgraded version of their popular USDC dollar-pegged stablecoin. Going live on August 27, USDC 2.0 aims to tackle high gas fees by allowing developers to delegate it to other wallets or take fees in USDC instead.Removing ETH From The PictureThe official announcement explained that most users need to keep a balance of Ether in their wallets to make transactions. It added that this resulted in unnecessary complexity:“This...

Bitcoin cash price started a major decline from well above the $300 level against the US Dollar.The price is currently trading well below the $280 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $272 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a fresh increase if there is a clear break above the $272 and $275 levels.Bitcoin cash price is declining and it is trading in a bearish zone...

Electric vehicle stocks are climbing consistently, with Tesla hitting a market cap over $400 billion, which also increased Elon Musk’s net worth.Electric vehicle (EV) maker Tesla Inc (NASDAQ: TSLA) jumped over 6% on Wednesday, reaching a $401.2 billion market value. On the day, TSLA swung between 2,053.63 and 2,166.00 per share and closed at $2,153.17. With the price movements, Tesla has set a new intraday record of $2,166.Back in June, a Barrons report revealed that some EV companies have...