Markets

‏Swiss cryptocurrency investment management boutique FiCAS has announced the launch of the actively managed Bitcoin exchange-traded product BTCA that is listed on the SIX Swiss Exchange.As crypto adoption especially Bitcoin goes mainstream globally, market innovators are seeking ways to benefit from the developing industry at a fast pace. According to the ETF stream, Swiss cryptocurrency investment management boutique FiCAS has launched the world’s first actively managed Bitcoin...

BTC was able to provide a daily return of 11.15%.After an impressive run-up by lower-cap altcoins, investors appear to have taken profits and moved to Bitcoin. Indeed, roughly $15 billion were injected into the flagship cryptocurrency on July 27th alone. Such a massive capital influx allowed BTC to smash through the $10,000 resistance barrier and march towards $12,000.The pioneer cryptocurrency kicked off the day at $9,939.68 and within a few minutes after the weekly open its price was...

Ethereum price started a strong rally above the $250 pivot level against the US Dollar.ETH price surged above the $300 level and traded to a new multi-week high at $334.There is a major bullish trend line forming with support near $308 on the 4-hours chart (data feed from Coinbase).The pair remains in a strong uptrend and it is likely to resume its rise above $320.Ethereum price is trading nicely in an uptrend above $300 against the US Dollar. ETH/USD is likely to climb back above $320 and...

An emerging cryptocurrency exchange and trading platform BitHera is gearing up to provide investors a most reliable global digital asset trading platform by launching BHC staking program. Since June 2020, BitHera is introduced to the worldwide market.After the uber blast of Bitcoin overpowering the world and doing inconceivably great, many are up ’til now considering placing assets into crypto. In any case, somebody has a place with the crypto-cash business or not, the vast majority...

About an hour back, Bitcoin’s price clocked a new 2020 by hitting the $11,000 mark. This comes after BTC zoomed past the psychological $10,500 barrier earlier today. Is this a trap for bulls or the beginning of another bull market? Bitcoin Price Has Officially Clocked a New 2020 High, Bull Market Here? When a U.S. federal court declared Bitcoin as ‘money’ on Friday, and it responded by showing signs of life by breaking out a sideways trading range, the crypto community certainly didn’t...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has shot up to just under $9,900. About $100 more to go and bitcoin will have again struck the $10,000 mark this year.The Bitcoin Price is ExplodingIt’s hard to say whether the asset – should it hit the five-figure range – will remain above $10,000 for the rest of the year. To be perfectly fair, the jump to $10K has been relatively slow and steady this time around, and it’s taken much of last week to hit...

Alternative cryptocurrencies felt today’s pressure as Bitcoin finally poked its head. The major cryptocurrency is on the rise today, and as it’s almost always the case, this took its toll on altcoins. Bitcoin managed to regain almost 1.5% of its market dominance over the past 24 hours alone, leaving other cryptocurrencies in despair. Altcoins Down Double-Digits One of the most precise metric to keep an eye on to determine the current state of the market is Bitcoin’s dominance. It measures...

LVMH CEO and Chairman Bernard Arnault says that the company showed exceptional resilience to the serious crisis the world suffered in the first half of 2020.After the market closed on the 27th of July, LVMH Moët Hennessy Louis Vuitton revealed its financial results for the first half of 2020. The persisting coronavirus pandemic affected LVMH, causing losses in the year’s first half results. The French multinational corporation reported revenue of 18.4 billion euros, a 27% decline over the...

XRP saw a small 2.67% increase today as it pushed above $0.22. The coin is now trading above the June 2020 high as it faces resistance at $0.225. Against Bitcoin, XRP is trying to push higher but is struggling with resistance at 2200 SAT. XRP/USD – XRP Bulls Push To 2-Month Highs Key Support Levels: $0.215, $0.21, $0.20.Key Resistance Levels:$0.225, $0.235, $0.24. XRP managed to push back above the $0.2 resistance last week and has been climbing higher ever since. The coin pushed above the...

The Taiwan-listed shares of Taiwan Semiconductor Manufacturing (TSMC) after U.S.-based chipmaker Intel confirmed that it is going to postpone the release of its next-generation chips.On July 27, the Taiwan-listed stock of Taiwan Semiconductor Manufacturing Co Ltd (TPE: 2330) rallied. The TSMC stock rally happened after U.S.-based chipmaker Intel Corporation (NASDAQ: INTC) confirmed that it is facing delays for its next-generation chips. Intel said that it might have to outsource some of the...