Markets

Ethereum price rallied to a new multi-month high at $418 before correcting lower against the US Dollar.ETH price is currently trading nicely above the $380 and $375 support levels.There is a key breakout pattern forming with resistance near $400 on the 4-hours chart (data feed from Coinbase).The pair is likely to accelerate higher if it clears the $400 resistance in the near term.Ethereum price is showing positive signs above the $375 pivot level against the US Dollar. ETH/USD is likely to...

Green dominates most of the cryptocurrency market with some impressive gains from Ripple, Tezos, and Chainlink as LINK even marked a fresh all-time high. Bitcoin’s unsuccessful attempt to conquer $11,500 has pushed the asset down to $11,300Altcoins Rejoice, LINK ATHSpeculations for а revived altcoin season emerged today as the majority of alts have increased their value in the past 24 hours. The second-largest cryptocurrency market continued its impressive 2020 summer with another 2%...

Ethereum’s next target is $500, according to BitMEX co-founder and CEO Arthur Hayes. He expressed his amazement about ETH’s surge to $400, calling for the continuation of the rally.Ethereum Breaks Above $400 For First Time Since August 2018On Sunday, Ether hit the highest level in two years, breaking above $400 for the first time since August 2018. Ethereum has benefited from the general bullishness of the cryptocurrency market, but it’s not only that.The second-largest cryptocurrency is at...

The gold price has reached all-time highs and breaks new records every week.The market, investors, central banks, the whole world are all-eyes on $2000. Over the past month, gold added 10.83% in price, which is just 1.28% less than the previous record monthly growth achieved in August 2011. Gold is trading above the all-time high of $1921, ahead of an important resistance at $2000. Let’s take a closer at the latest surge and what should we expect next week.Why Is Gold Valuable?In the periodic...

XRP price is up 7% at the time of writing. The coin’s price seems to be benefiting both due to FOMO action and RippleNet performance.XRP Ledger native coin XRP has broken out of a multi-week falling trend. At the time of writing, XRP that is widely used by Ripple in its solutions, was trading slightly above $0.31, with the bull seeming in control of the price in the coming days.In the past seven days, the asset rose over 40% and jumped over 7% at the time of writing. The rise is double the...

Wall Street’s main indices rose on Monday as Microsoft announced its plans to buy TikTok’s U.S. operations and a clutch of upbeat quarterly earnings reports lifted sentiment in the absence of a fiscal coronavirus relief deal.Wall Street opened in green on Monday, the first trading day of August, as the market tried to build on its four-month winning streak. The Dow Jones Industrial Average (INDEXDJX: .DJI) rose by 219 points or 0.8%. The Nasdaq Composite (INDEXNASDAQ: .IXIC) went up by 1.5%...

ADA witnessed a very strong 50% price surge over the past month as it reached $0.139.The coin reached a 2-year high over the weekend.Against Bitcoin, ADA rebounded from support at 1150 (.382 Fib Retracement) this weekend as the bulls start the push higher.ADA/USD: Bulls Attempt To Rebound From $0.13 Support.Key Support Levels: $0.13, $0.124, $0.12.Key Resistance Levels: $0.148, $0.15, $0.155.Cardano has been surging over the past three months as it increased by a whopping 180%. This price...

Despite the harsh economic conditions around due to the coronavirus market disruption, the world’s wealthiest families like the Waltons have seen their fortune skyrocket.As the world fights to reopen after months of coronavirus siege, a huge chunk of global businesses might not see the end of the storm. However, there are a chosen few that will be financially grateful for the virus as their fortune has grown immensely. Just take the world’s wealthiest family and their fortune growth amid the...

XRP saw a strong 40% price explosion this week as it reached the $0.3 level.Despite Bitcoin’s recent price drop this weekend, XRP remained above $0.3.Against Bitcoin, XRP created a fresh 3-month high as it hit 2720 SAT.XRP/USD: XRP Bulls Remain Strong After Crypto Market DropKey Support Levels: $0.291, $0.28, $0.268.Key Resistance Levels: $0.313, $0.321, $0.331.XRP saw an extraordinary month since breaking above the 200-days EMA at $0.21 toward the end of July. After overcoming this level, it...

Following the boycott by major customers of Facebook ad offering, Bernstein analyst Mark Shmulik maintains his bullish call for Facebook stocks. FB shares are down in today’s pre-market.The social media giant Facebook Inc (NASDAQ: FB) stock plunged down in today’s pre-market following the massive bullish rally it recorded on July 31. The stock plunged down by 0.42% at $252.60 per share. Facebook has seen two important events whose effect on the stock can best be described as...