Markets

EOS price is trading above a couple of key supports near $2.700 against the US Dollar.The price is likely to start a strong increase if it clears the 55 simple moving average (4-hours) and $2.800.There is a major contracting triangle forming with resistance near $2.775 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could decline heavily if it breaks the main $2.650 support zone in the near term.EOS price is showing positive signs above $2.650 against the US...

Litecoin price is trading nicely above a major support at $45.50 against the US Dollar.LTC price is likely to start a strong upward move if it clears the $46.80 and $47.00 resistance levels.There is a key contracting triangle forming with resistance near $47.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could only start a bearish wave if it settles below the $45.00 support zone.Litecoin price is showing signs of a bullish break above $47.00 against the US...

Market analyst Alessio Rastani is bullish about both the U.S. stock market and bitcoin.Alessio Rastani: You Probably Shouldn’t Buy for a BitWhen it comes to stocks, however, he’s a little more unsure and believes that the currency is entering a “risky zone.” He doesn’t believe that the monster-sized crash that arrived in March was a correction, as so many other analysts have claimed. In his eyes, the crash came on too quickly and was too large to amount to a simple correction of sorts. He...

Chewy has revealed a better than expected earnings report. Will CHWY stock price rise to new highs?Chewy Inc (NYSE: CHWY) stock price is 2.72% down today. This fall has occurred as the pet retail giant announced its recent earnings though they were better than it was anticipated by experts.Adjusted losses of 1 cent per share beat expectations of 16 cents. $1.62 billion in revenues is also a higher figure than the expected $1.53 billion.At the time of filing this report, Chewy (CHWY) stock...

Vroom (VRM) shares closed its first trading day at $47.90 with a 117.73% rise. Today VRM stock is 2.69% up and its trading at $49.19.American online used car seller Vroom Inc (NASDAQ: VRM) made its IPO on Tuesday, June 9, through stock exchange Nasdaq. The company saw its share value skyrocket in the first day and continues to rise today. The rise comes despite the company not being in a streak of losses since its inception in 2012.Today Vroom stock is trading at around $50. Let us also...

London-based investment firm ETC Group is going to list the Bitcoin Exchange Traded Crypto (BTCE) product on Deutsche Börse’s Xetra market.The German financial authority BaFin announced in March that cryptocurrencies will be recognized as a financial instrument, this concession has spurred the London based investment firm ETC Group to plan to list a Bitcoin-backed security on a German trading platform. This listing is scheduled later this month. According to a release seen by coin watchers on...

Volatility on the cryptocurrency market remains rather low. One shouldn’t exclude a possibility of strong movements to break sideways channels in many assets.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.For Bitcoin, a very important target is at $10.565, a breakout of which may push the major digital currency towards $13.000 or even higher. However, if...

Stablecoins are touted as a hedge against the high volatility in the cryptocurrency markets since they are pegged to a relatively stable asset or a basket of assets like fiats or precious metals. However, new findings reveal that some of these tokens have ties with illicit activities like Ponzi schemes.In its latest state of the network report, crypto analytics firm Coin Metrics analyzed the supply and activity distribution of stablecoins, including market leaders Tether (USDT), USD Coin...

Bakkt, the Bitcoin derivatives trading and custody platform owned by the Intercontinental Exchange (ICE), has partnered with the investment management company Galaxy Digital to launch a joint trading and custody venture for digital assets.The official announcement unveiled earlier today informs that Galaxy Digital Trading, an affiliate of Galaxy Digital, will provide the market access and trading capabilities for the new collaboration. The Bakkt Warehouse, on the other hand, will serve as the...

Grayscale Investments is a cryptocurrency investing services company, which provides market information, investment exposure, and investment products to the cryptocurrency market.On January 21, 2020, Grayscale became an SEC reporting company, registering its shares with the Commission and designating the Bitcoin Trust as the first digital currency investment vehicle to attain the status of a reporting company by the SEC.From February to May, Grayscale bought around 607 BTC each day, about...