Bitcoin may be at the center of crypto enthusiasts’ attention as of late due to the recent halving, but it’s not the only coin that’s on a bull run. Tezos (XTZ) – the tenth largest cryptocurrency by market cap – has lots of fans going crazy about where it will go, as it has already risen by more than 80% since the beginning of the year.Tezos Is Getting a Solid ReputationAt the time of writing, Tezos is trading for just over $2.50. That’s about 85 percent higher than where it stood during the...
Read More »Halving Festival is Over – Bitcoin Concludes a Volatile Week With Rising Dominance: The Crypto Weekly Report
Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then.In the four short days since the halving, Bitcoin increased from $8,550 to where it currently trades at around $9,380. This marks an increase of about 11%. As a matter of fact, BTC tested...
Read More »Bitcoin Was Born in a Recession: Negative Interest Rates Will Teach It To Walk
If the Federal Reserve decides to implement negative interest rates as many have anticipated, it could prove to be a key pivot point in the story of Bitcoin.That’s according to a May 14 report by Stack Funds, which states that an era of negative rates could be Bitcoin’s time to shine.Negative Rates a Pivot PointThe report notes that the threat of negative rates, coupled with the injection of $3.5 trillion newly printed dollars into the economy will cause investors to turn away from...
Read More »Top 5 Cryptocurrency Trading and Betting Platforms with Free Demo Money
Cryptocurrency trading is quite challenging. Therefore some crypto trading platforms provide their users with free demo money to make the first steps easier. Here is the Top-5 of them.Cryptocurrency price prediction isn’t something you can just get into straight away. It comes with a multitude of challenges that you need to be aware of because you can start putting in your real money. That’s why many crypto trading platforms give you free demo money when you sign up.This doesn’t only allow...
Read More »OmiseGo Gains 35% To Reach $1 In A Week After Launching On Coinbase Pro, OMG Price Analysis & Overview
Omisego remains among the best-performing cryptocurrency this week following a massive 35% surge in a few days.The bulls regained control of the market after a week downward correction.After touching $1 mark today, the price is now facing crucial resistance levels.OMG/USD: Omisego Touched $1 After Huge BreakoutKey Resistance Levels: $1.14, $1.372Key Support Levels: $0.945, $0.81OMG/USD. Source: TradingViewThe latest surge in Omisego’s price was characterized by a strong bullish candle (from...
Read More »Jerome Powell and His Words of Doom and Gloom Lead to BTC Buys
Bitcoin, as of late, has been seen by investors as a tool that can potentially hedge wealth against inflation and other economic problems. It looks like that attitude towards the cryptocurrency is likely to continue in America for some time considering the new warning by Federal Reserve Chair Jerome Powell.Jerome Powell: The Economy Is Still WeakYesterday, Powell emerged to warn U.S. citizens that the economy is slated to face weak growth in the coming months “without modern precedent.” He...
Read More »CoinMarketCap Unveils New Metric to Rank Crypto Exchanges Based on Web Traffic
CoinMarketCap has tweaked its crypto ranking metric seen as a move to empower users with the necessary tools for making informed decisions while selecting their trading platforms.Crypto markets data aggregation has remained a tricky task and continues to remain so even for the world’s largest crypto data aggregator CoinMarketCap. As per the latest announcement, CoinMarketCap has introduced a new metric that ranks exchanges based on their web traffic.Previously, crypto exchange rankings have...
Read More »TSMC Stock Down 3% in Pre-market, Company to Build $12B Chip Factory in U.S.
TSMC stock is nearly 3% down in the pre-market to trade at $50.60. The company just announced its intention to build and operate an advanced semiconductor factory in the United States.The stock of Taiwan Semiconductor Mfg. Co. Ltd., that is known as just TSMC (NYSE: TSM), closed yesterday with a slight fall of 0.077%, after drastically rising within a short period. The rise occurred after the company announced its preparing to build a $12 billion chip factory in the United States, hence...
Read More »Bitcoin Price Could Reach $467,000, Says Raoul Pal
There have always been a lot of predictions about Bitcoin price. Raoul Pal has also made one. He believes BTC may reach $467,000.Popular Bitcoin investor Raoul Pal has predicted that BTC price can surge as high as $467,000 in the long term. Before Pal’s prediction, hedge fund manager Mark Yusko had also predicted that the crypto price could rise that high. Bitcoin as at press time is trading at $9,681, and these analysts are of the opinion that the crypto surge could hit $467,000 under...
Read More »Zoom (ZM) Stock Rises Less Than 1% as Facebook Launches Messenger Rooms
Zoom (ZM) stock price has risen in the last trading session as Facebook introduced Messenger Rooms that is a drop-in video chat,Zoom Video Communications Inc (NASDAQ: ZM) stock prices rose by 0.46% to $167.91 in the last trading session. The rise of Zoom stock price occurred as Facebook introduced Messenger Rooms globally. As at the time of filing this report, Zoom (ZM) stock price in the pre-marker was slightly up (+0.05%).Facebook Inc (NASDAQ: FB) wants to take back its market share in...
Read More »