Markets

Tesla (TSLA) stock surpassed $1,000 recently bringing CEO Elon Musk closer to a hefty payout. Jefferies increased the price target for TSLA to $1,200.Tesla Inc (NASDAQ: TSLA) has been making headlines in 2020 with various developments and milestones. In that context, TSLA stock is gaining significantly. It is on a tear that might not slow down any time soon. Historical data reveals that this stock has gained over 130% this year outpacing the general market.Recently, the price surge has...

After a slight weekly rebound, VET resumed selling pressure with 4% losses over the last 24-hours.A slip beneath the monthly low could cause more troubles for the 28th ranked crypto by market cap.The market is currently looking bearish on the hourly time frame.VET/USD: VeChain Trades At Crucial Support LineKey Resistance Levels: $0.0095, $0.0107, $0.011Key Support Levels: $0.0076, $0.0066, $0.0060VET/USD. Source: TradingVIewVeChain has lost a major chunk of its value over the last seven days...

Although Bitcoin volatility is still rather high, now it is the perfect time to trade the most rewarding asset of the century. It’s better late than never.Bitcoin is an asset like anything else before it. Other cryptocurrencies cannot touch it in terms of market share and adoption. The first move advantage has served the world’s first cryptocurrency and instance of working blockchain technology well.The asset has the potential to be a complete failure and go to zero, or could be someday worth...

Bitcoin cash price started a steady decline from the $260 resistance against the US Dollar.The price broke the $250 and $240 support levels to move into a bearish zone.There is a key bearish trend line forming with resistance near $236 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $225 support unless it surges above $240.Bitcoin cash price is showing signs of bearish continuation below the $225 support against the US...

It looks like Ripple (XRP) could be about to expand again.Ripple Heading to Brazil?The world’s third-largest cryptocurrency by market cap announced that it is now looking to expand into Brazil, which has become one of the largest digital asset havens over the past year and arguably one of the biggest regions for cryptocurrency in Latin America. The company’s head of global banking revealed in an interview during early June that executives are convinced that offering services to Brazil will...

Bitcoin and S&P are correlated – that’s the idea that has been once again voiced by the prominent analyst known as Plan B.The stock-in-flow creator has reiterated that there is a definite correlation between Bitcoin and the stock market, including the S&P 500 index. In a series of tweets, Plan B wrote that based on the current situation in the stock market, BTC which is currently trading at $9,425 should be valued at $18,000, a price last seen on the coin market in 2017.ICYMI–...

Cardano is performing relatively well following a sharp bounce from $0.0637The bounce was followed by a break out from a two weeks resistance lineADA/USD: Cardano’s Price Rejects Near $0.085Key Resistance Levels: $0.0846, $0.088, $0.0917Key Support Levels: $0.074, $0.0688, $0.0631ADA/USD. Source: TradingViewCardano recently broke out from a two-week downtrend to reach $0.084 with small gains over the past hours. Тhe price has currently dropped to $0.815 after witnessing 0.30% losses. The...

Pro traders who eat, sleep, and swap Bitcoin 24/7 now have no excuse straying out of the loop.Derivatives exchange Bybit has introduced custom alerts for users of its trading app, providing on-the-go notifications around the clock.For traders whose edge is predicated upon executing trades seconds ahead of the market, the service should prove a godsend, while for more casual traders, Bybit’s alerts provide early warning of sizable market moves that are underway.Bybit Goes Bespoke With...

Tezos found a bottom around $2.45 after a steady two weeks decline.The overall market is starting to recover the loss with about 0.8%.Against Bitcoin, the price dropped back after a sharp rejection at 28000 SAT level, although it may resume buying short.XTZ/USD: Tezos Is Primed For RecoveryKey Resistance Levels: $2.68, $2.71, $2.75Key Support Levels: $2.58, $2.45, $2XTZ/USD. Source: TradingViewTezos appeared to have found a bottom around $2.45 on Monday following a two-week drop from around...

The coronavirus pandemic is raging and there’s still no treatment or vaccine. Regardless, let’s look at the stocks of two major biotech companies: Gilead Sciences and Moderna.Biotech companies haven’t always been the most sought-after. For the most part, they didn’t make the news as much as other more popular stocks that have surged in recent times. However, as biting as the ongoing coronavirus pandemic has been for most of the other stocks and the rest of the financial markets, biotech...