Markets

Bitcoin had another disappointing week providing a negative weekly return of 1.60%.Bitcoin Spends Another Week On the Cusp of a BreakoutBitcoin had another disappointing week providing a negative weekly return of 1.60%. Even though the flagship cryptocurrency entered Monday, July 13th, on a good posture by rising to a high of $9,345, the bears took full control of the price action. By the end of the day, BTC was trading at $9,224, roughly 0.82% lower than the weekly open.The selling pressure...

Despite BTC price moving between $9,000 and $9,500 recently, the CEO of Binance said Bitcoin is stable and the traditional market has a “drag down effect” on it. Changpeng Zhao (CZ), CEO and founder of Binance, commented on the Bitcoin price movement in an interview with Bloomberg Daybreak: Asia. Recently, the price of Bitcoin has not been increasing like investors expected as the coin has been trading at less than $10,000 for a while. In the past month, the price has been between $8,975.53...

AMZN stock had a quite disappointing week but today it is in green again. Amazon is expected to release the Q2 earnings report on July 23 and analysts anticipate it as a catalyst to a new wave.Being one of COVID-19 stock market leaders, Amazon.com Inc (NASDAQ: AMZN) stock is much followed by investors globally. Last week the shares experienced their worst continuous losing period for the past 10 or so weeks. Meanwhile, it has become known that online brokerage company Robinhood reported an...

Her Majesty’s Government has ordered 90 million doses of Pfizer COVID-19 vaccine candidate which became a stimulus for the PFE stock price rise. Moreover, the UK is going to be a worldwide leader in the search for a working vaccine.Pfizer Inc (NYSE: PFE) stock price has gone up 3.34% in the pre-market. The rise is occurring as the United Kingdom’s Government has ordered 90 million doses of its COVID-19 vaccine. It is alongside other Bio-medical companies such as BioNTech SE (NASDAQ: BNTX) and...

Chinese electric car company Xpeng Motors began delivering its P7 sedan model last month, which is almost similar to Tesla Model 3.In fresh funding, Chinese electric vehicle company Xpeng Motors has managed to raise a total of $500 million from different private investors. Some of the investors who took part in the Xpeng Motors funding include Aspex, Coatue, Hillhouse Capital, and Sequoia Capital China.Also known as Xiaopeng Motors or XMotors.ai is a company headquartered in Guangzhou but...

Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market.In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now.CZ Suggests An Altcoin SeasonDuring the past several weeks, the altcoin market has boomed with double-digital increases charted almost daily. These events pushed cryptocurrencies such as Chainlink’s LINK to new highs. The DeFi sector...

Back in May 2020, investors in cryptocurrencies were seeing first-hand the risks involved in the market. However, at the time, BTCS (OTCQB: BTCS) was accruing value for its shareholders with well-timed cryptocurrency purchases that resulted in its cryptocurrency asset under management (AUM) growing to reach $1.02 million at the end of June 2020.Given the volatility of cryptocurrency prices, investors need to take particular care when selecting a crypto company. Below are three important...

Stellar lumen price gained bullish momentum above the $0.0950 and $0.1000 resistance levels against the US Dollar.XLM price traded to a new monthly high at $0.1074 before correcting lower.There is a crucial bullish trend line forming with support near $0.0950 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside near $0.0950 and it might continue higher above $0.1050.Stellar lumen price is trading in a bullish zone against the US Dollar and bitcoin. XLM...

Altcoins continue gaining traction, while Bitcoin remains calm. This decreases BTC’s dominance over the cryptocurrency market down to 62%, which is the lowest point in five months.Altcoin Market Rises To The OccasionThe past 24 hours come as another example that the altcoin market is fluctuating massively lately. This is especially evident among lower-cap alternative coins. Today’s leader is Terra (LUNA), with a surge of nearly 40% towards $0.37.Band Protocol is next after going up by 32% and...

Ripple price is consolidating above the $0.1920 support zone against the US dollar.The price is currently facing resistance near the $0.2000 and $0.2020 levels.There is a crucial breakout pattern forming with resistance near $0.2005 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of an upside break as long as it is above the $0.1920 level.Ripple price is stuck in a contracting range below $0.2000 against the US Dollar. XRP price must stay above...