Markets

Bitcoin remains in its quite familiar range between $9,000 and $9,300 after a 2% increase from yesterday’s low.The most prominent US-based indexes registered similar increases yesterday, confirming the high correlation levels between the two asset groups.Bitcoin And Altcoins RecoverAs reported yesterday, the price for the primary cryptocurrency decreased to $9,050 on some exchanges like Bitstamp. On its way down, Bitcoin broke below the $9,300 level. The significant support at $9,000 confined...

Tesla (TSLA) stock growth and the company’s performance are expected to help Tesla enter the S&P 500 index. The stock hit a new record high on Friday closing above $1540 levels.The stock market rally for the electric-automobile giant Tesla Inc (NASDAQ: TSLA) looks unprecedented, especially during the COVID-19 economic slowdown. On Friday, June 10, Tesla stock ended 10.78% higher closing above a record of $1,544.65.Earlier in July, Tesla overtook Toyota Motor Company (NYSE: TM) become the...

Elrond is by far the best performing token of the leading 100 cryptocurrencies by market cap over the past week, with more than 110% as of writing these lines. ERD has surged by over 50% in the last 24 hours alone. Here is what might explain the price surge.Elrond Mainnet Can Be Interconnected with Other Blockchain Via SwingbyDecentralized Finance (DeFi) is a big hit this summer, as many DeFi-oriented blockchain projects experience rapid gains in their tokens. This group of digital assets is...

It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations.It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of analysts on Twitter are now saying that currently, the futures on stock markets are a valuable indicator of where Bitcoin will head next.The most recent example came...

BlockFi is on the hunt for a chief financial officer. The new hire could help bring the company public as early as the second half of 2021, CEO Zac Prince confirmed.It seems that famous crypto lender BlockFi is looking to hire an experienced corporate financial professional to launch a possible initial public offering (IPO) next year.According to a recent job posting, the company is looking for a chief financial officer with more than 15 years of experience in corporate finance. The person...

The impressive performance of Amazon (AMZN) and Netflix (NFLX) has caused Wall Street analysts to set new price targets for the companies’ stocks.Amazon.com Inc (NASDAQ: AMZN) has been making a tremendous run both during the lockdown and as the economy is reopening. AMZN has led the tech rally to increase its market capitalization by about $90 billion. The eCommerce giant’s stock has seen more highs on several trading days as the economy reopened and its position to expand its subsidiaries...

Tesla investors are beginning to short the company’s stock. As a result, the automaker is poised to hit the $20 billion short-interest threshold.Tesla Inc (NASDAQ: TSLA) has been making headlines with the company’s continuous growth. With a market capitalization of $253.34 billion, the automaker is now the 16th largest stock in the U.S. However, despite its recent achievements, investors are not sharing bullish sentiments as Tesla stock has now hit a short interest level of nearly $20...

The Commodity Futures Trading Commission (CFTC) has released its framework for 2020-2024. The framework will support the emergence of cryptocurrencies derivative markets.The Commodity Futures Trading Commission (CFTC) has released its strategic plan that will span through 2024. The strategic plan details a “Holistic Framework” that will see the increased adoption and integration of digital assets. The CFTC regarded crypto assets as 21st-century commodities, thus giving the commission the...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 922. Heute sprechen wir über folgende Themen: Malaysia legalisiert Krypto-Handel, Coinbase will an die Börse & Dogecoin Margin Trading OKEx. 1.) Malaysia legalisiert Krypto-Handelhttps://www.btc-echo.de/schlagzeilen/malaysia-legalisiert-krypto-handel/ 2.) Coinbase Eyeing US Stock Market Listing as Early as This Yearhttps://news.bitcoin.com/coinbase-eyeing-us-stock-market-listing-as-early-as-this-year/...

Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%.Bitcoin’s False BreakoutAfter the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at $9,300. However, the primary cryptocurrency has since slipped below it as it went from $9,440 to its current position at $9,150 in a few hourly candles....