Markets

Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago.Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the market. Earlier today, ETH saw a pump and dump towards $400 around the Fed’s statement regarding the inflation.Key Support Levels: $382, $375, $364Key Resistance Levels: $400, $408, $438ETH/USD Daily...

Details of the acquisition show that Delivery Hero which valued InstaShop at $360 million made an upfront payment of $270 million with plans underway to pay another $90 million to complete the deal.In a deal that raised a record for Greek startups, the German retail delivery company Delivery Hero has acquired InstaShop, the Dubai- based instant grocery delivery company.In a release by the companies, they stated that the acquisition is meant to expand their markets share of the On-Demand...

Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion.Now, a team of developers has announced that it’s building a trustless general-purpose bridge between Ethereum and Polkadot.Bridging Polkadot and EthereumSnowfork, an agency consisting of a collection of developers, product managers, and designers, has...

Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street.This only goes to show how small the digital asset field is compared to the giants, as their one-day combined gains represent almost the entire crypto market cap.$282B Gained In A Day By 7 US CompaniesGreen dominated most tech-oriented stocks on Wall...

Empire Market, the largest crypto darknet marketplace, has abruptly shut down. No communication was issued from the admins who seem to have siphoned away with user funds amounting to around $30 million in BTC. From the looks of it, this appears to be a pretty massive exit scam.Empire Market Exit Scams With 2638 BTC Worth $30 MillionAccording to the latest update from an anonymous journalist, “DarkDotFail” who tracks darknet activities, Empire Market, the largest cryptocurrency accepting...

EOS price started a fresh decline from well above the $3.500 resistance against the US Dollar.The price declined below the $3.200 support and settled below the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $3.200 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move down below $3.000 as long as it is below $3.200.EOS price is declining and trading below key supports against the US Dollar,...

Litecoin price is currently trading in a bearish zone below the $64.00 and $60.00 levels against the US Dollar.LTC price is facing a major hurdle near $60.00 and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $60.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $60.00 and $61.00 resistance levels to move into a positive zone.Litecoin price is currently following a bearish path against the US...

At the time of writing, bitcoin – the world’s number one digital currency by market cap – is worth roughly $11,300. However, according to some – such as Michael O’Leary of Ryanair fame – the price of the asset should be a big, fat zero.Michael O’Leary Isn’t Crazy About BitcoinAs we have seen time and time again, BTC doesn’t have the ability to entice everyone. While many see it as a revolutionary tool that can potentially give many unbanked people access to financial tools that they otherwise...

Bybit’s evolution into a global powerhouse that ships new products at a dizzying rate has been a gradual one, but it’s picking up pace.Bybit has reiterated its commitment to the Asian crypto market with the largest expansion of its fiat gateway to date. 20 new currencies have been added to Bybit Fiat Gateway including the South Korean won and Japanese yen, as well as Vietnamese language support, making it easier for Asian traders to interact with the derivatives exchange. Meanwhile, Bybit’s...

Bitcoin has stumbled again. At the time of writing, the world’s largest digital currency by market cap has fallen into the low $11,300 range, marking a $400 drop from where it stood just 24 hours ago.Bitcoin Wallets Are Consistently Getting DownloadedAnd yet according to recent wallet data, the asset may still be in the early stages of a bull market. According to some of the world’s biggest digital wallets – including Coinbase, Blockchain wallet, Crypto.com and BRD – the number of downloads...