Markets

Bitcoin price declined sharply after testing the $10,400 against the US Dollar.It is holding a crucial uptrend support near the $9,320 and $9,300 levels.There is a major bullish trend line forming with support near $9,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair start a fresh increase as long as it is above the $9,320 support zone.Bitcoin price trimmed most its recent gains and declined below $10,000 against the US Dollar. BTC is now trading above a major...

Bitcoin has been doing relatively well, as of late. The world’s number one cryptocurrency by market has surged beyond $9,500 for the first time in well over a week, and the bullish train its riding doesn’t appear to be running out of steam anytime soon. However, bitcoin’s recent gains don’t even compare to the run Ethereum is enjoying.Ethereum: Today’s Crypto King?ETH is the second-largest cryptocurrency by market cap and the number one competitor to bitcoin. At the time of writing, one unit...

Plan B – a respected yet anonymous bitcoin analyst that invented the stock-and-flow model for bitcoin – has made a bold announcement about the world’s number one digital currency by market cap.Plan B Predicts Big Things for BTCThe analyst has announced that sometime within the next one to 1.5 years, bitcoin will ultimately shoot up to $100,000 per unit. According to Plan B, the halving is placing bitcoin on a new bullish run that will take it into six-figure territory for the first time in...

After SpaceX’s successful launch of its Dragon spaceship over the weekend, investors showed confidence in the private space exploration industry as Virgin Galactic shares rocketed northwards.Last weekend, Elon Musk‘s SpaceX conducted a successful launch of its Dragon spaceship and docked it on the international space station. Although SpaceX is not public listed yet, investors in this market found a reason to celebrate. SpaceX’s Dragon spaceship launch marks a new milestone for carrying...

Recent data revealed that the number of Tether (USDT) transfers to cryptocurrency exchanges had reached an all-time high. Interestingly, this preceded the latest price increases within the cryptocurrency market.USDT Goes To ExchangesAccording to the data provided from the monitoring resource company, GlassNode, the number of Tether transfers to exchanges has been surging in the past few weeks. The deposits, measured by a 7-day simple moving average (SMA), recently reached a fresh ATH.Number...

On June 2, China’s biggest contract chip manufacturer, Semiconductor Manufacturing International (SMIC), filed for a listing in Shanghai aiming to raise $2.8 billion for expansion and operations purposes.On June 2, China’s biggest contract chip manufacturer, Semiconductor Manufacturing International (SMIC), filed for a listing in Shanghai. Based on that listing, the company aims to raise around 20 billion yuan (US$2.8 billion) on the Nasdaq-style Star Market. The announcement comes as the...

Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight.Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern it did back in 2017, months before altcoins shot off through the roof.Altcoin Season 2020 Incoming?Bitcoin is up 6% in the past 24 hours as it trades at around $10,100...

Tron price is trading in a positive zone above the $0.0160 resistance zone against the US Dollar.TRX price is facing a short term hurdle near the $0.0172 level.There was a break above a crucial contracting triangle with resistance near $0.0152 on the 4-hours chart (data feed via Bitfinex).The price might accelerate higher towards $0.0185 and $0.0200 if it breaks the $0.0200 barrier.TRON price is gaining bullish momentum against the US Dollar, similar to bitcoin. TRX price is likely to surpass...

Ethereum price is up more than 10% and it is trading above $240 against the US Dollar.ETH price is showing a lot of positive signs, but it is facing hurdles near $250.There was a break above a crucial contracting triangle with resistance near $210 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher towards $280 if it clears the $250 resistance zone.Ethereum price is trading in a bullish zone above $225 against the US Dollar. ETH/USD seems to be eyeing more...

As Zynga announced its plans to acquire Turkish mobile gaming firm Peak, ZNGA stock is in the green. Now it is around 5% up.American gaming firm Zynga Inc (NASDAQ: ZNGA), whose headquarter is located at California, revealed on Monday that they would be acquiring Peak, another gaming firm based in Turkey for around $1.8 billion in both cash and stock. Once the takeover is complete, it would help the American gaming firm increase its active users by around 60 percent. The acquisition is...