Markets

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...

On Friday, Apple shares closed 10.47% up, $425.04 per share. In the early trading today, Apple (AAPL) stock is 1.50% up, $431.42 per share. Last week, the U.S. tech giant Apple (NASDAQ: AAPL) reported its fiscal Q3 earnings that blew past Wall Street’s expectations and brought Apple stock to a new all-time record of $425.04 on Friday, July 31. Expected to slightly stabilize and slow down, Apple shares went further up instead, having risen by 1.50% in the pre-market by the moment of writing.In...

As the DeFi market surges at an unprecedented rate, Huobi Group announced a new business unit Huobi DeFi Labs that will manage its investment fund focused on the DeFi space.DeFi is the hottest flavor of the season currently in the crypto market and exchange operator Huobi is all set to enter into it. On Monday, the Huobi Group announced a new fund to invest millions of dollars in the Decentralized Finance (DeFi) space.For this, the company has also launched its new businesses unit – Huobi...

Although history is not a precise indicator for future price developments, a popular cryptocurrency analyst made a compelling forecast showing that if Bitcoin repeats its 2016-2017 bull run with the same percentage increases, it will end up at $430,000 in 2021.Bitcoin At $430,000?The primary cryptocurrency has built a reputation for beating unfavorable odds in the past. Its volatility is well-known among investors with some historical price surges and drops. According to the popular...

Ethereum prices hit a two-year peak of $410 on Sunday. Ethereum has been sitting in a range bound channel around $230 for three months, but in late July, it finally broke out to surge 70% in less than two weeks.Sunday’s intraday high put ETH prices back at their highest since August 2018, a couple of months before a massive capitulation sent them back to double digits.ETH/USD. Source: TradingViewThe momentum has lifted the total crypto market capitalization to its highest level for over a...

Stellar lumen price rallied above the $0.1100 level and tested $0.1160 against the US Dollar.XLM price corrected lower sharply, but it found support above $0.0950 and $0.0920.There is a major bullish trend line forming with support near $0.1020 on the 4-hours chart (data feed via Kraken).The pair could resume its upward move once it clears the $0.1060 resistance zone.Stellar lumen price is trading in a positive zone above $0.1000 against the US Dollar, similar to bitcoin. XLM price is likely...

Following the wild weekend ride in the cryptocurrency market, the situation appears less volatile now, at least among most large-cap assets. Bitcoin has returned to $11,200, while Ethereum hovers above $380. Some lower-cap altcoins, however, are displaying high fluctuations again.A Breath Of Stability For BitcoinThe weekend was nothing short than volatile for the primary cryptocurrency. On Saturday, Bitcoin went on a bull run and marked a new yearly high of above $11,700. Although it retraced...

Ripple price rallied significantly above the $0.3000 and $0.3100 levels against the US dollar.The price corrected lower sharply from $0.3260, but the bulls defended $0.2720.There are two key bullish trend lines forming with support near $0.2850 and $0.2785 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to resume its upward move once it clears the $0.2980 and $0.3000 resistance levels.Ripple price is trading in a strong uptrend above $0.2720 and $0.2800...