Markets

The crypto investors suffer from hard days recently, as the primary cryptocurrency tumbled approximately $1000 over the past five days.After a long battle to maintain the $9K mark, Bitcoin finally lost, and immediately plunged to $8816 on Binance Futures exchange, which is the current daily low, as of writing these lines.Aside from a quick glitch on June 15, the last time the price of Bitcoin was trading below the $9000 mark was exactly a month ago, on May 27, 2020.Wall Street...

The CEO of SchiffGold, Peter Schiff, responded to claims by RT news host Max Keiser that he would end up panic-buying Bitcoin when its price hits $50,000. Schiff suggested Bitcoin’s dollar value would drop as low as zero – although implied Keiser might consider selling at $2,000.Shortly afterward, Bitcoin developer and Blockstream CEO, Adam Back, jumped in to claim that Bitcoin will one-day “flippen” the market cap of gold. In the meantime, says Back, it makes sense for goldbugs to allocate...

Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021.Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model.BTC To Over $300,000?Bitcoin price predictions are among the most commonly discussed threads in and out of the cryptocurrency community. Such forecasts range from overly adverse ones such as Jim Rogers,...

Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart).Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000.The Micro and Macro LevelIf we look at the micro-level, which is the following 4-hour chart, we can see that Bitcoin so-far holds the supporting blue line....

The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining.Immediately after that, Bitcoin retraced to about $9,000 before finding support and bouncing off to where it currently trades at around $9,200. The thing to consider about the movements is that they coincided with respective...

New evidence suggests that if institutional players and mega investors all put at least one percent of their earnings into the world’s leading digital currency by market cap, the asset would reach the $50,000 mark within a relatively short period.Institutional Players Can Push BTC to the StarsOne of the big things that many analysts say is lacking in the crypto space is the presence of institutional players. While their strength in the space is growing every day, their activity and behavior...

The new F-150 truck in both pure diesel and hybrid versions can be considered to be another booster for Ford stock. F stock was up yesterday and is in the green today in the pre-market.Ford Motor Company (NYSE: F) stock price rose by 1.34% to $6.03 in the last trading session. This occurred as the auto manufacturer has introduced the F-150 2021 version of its truck. At the time of filing this report, in the pre-market, F stock is 0.83% up, at $6.08.The issue of the F-150 pickup line is taken...

It’s been a fruitful year for ChainLink (LINK) and its investors despite the pandemic-induced market downturn in mid-March. The project has not only recorded significant partnerships and developments since the start of 2020 but has also seen a massive boost in the number of crypto traders and investors holding the LINK token.LINK Holders Surpass 160k In 6 MonthsAs of January 1st, 2020, the total number of addresses holding ChainLink’s native cryptocurrency was around the 80,000 level....

The number of COVID-19 cases is rising again, and the companies working on the vaccine will likely further benefit from a cash flow into them. Vaxart, Inovio Pharmaceuticals, and Sorrento Therapeutics stocks are good examples of this advantage.As the coronavirus vaccine ace is intensifying, investors are closely observing the companies they believe will sweep the boards. Among them are Vaxart Inc (NASDAQ: VXRT), Inovio Pharmaceuticals Inc (NASDAQ: INO), and Sorrento Therapeutics Inc (NASDAQ:...

Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.Companies with good Merger and Acquisition (M&A )history particularly companies with the resources to acquire others may be seen by observers as market predators. The U.S Stock market is filled with numerous companies with large capital bases that smaller startups may not have to achieve their...