Markets

Bitcoin is continuing to exhibit heavy volatility this week. Early in the morning yesterday, the currency rose briefly past the $9,000 range once again, though at press time, the currency has fallen back down to about $8,700, suggesting this sudden jump hasn’t lasted.Bitcoin Has a Brief Moment in the SunBitcoin had been flirting with $10K for most of last week, trading in the extremely high $9,000 range and eventually surpassing the $10,000 mark briefly towards the end of the seven-day...

Now JPMorgan Chase & Co. will extend banking services to crypto exchanges. As it has been revealed, Coinbase and Gemini already have their accounts.JPMorgan Chase & Co (NYSE: JPM) has announced that it will be extending its services to the crypto industry. According to the recent news, Coinbase and Gemini will be the first customers to use the JPMorgan services. It is a move that will be stamping the crypto industry in the market as more and more institutions move into the crypto...

Leading cryptocurrency exchange Binance is rolling out new leverage products called “Binance Leverage Tokens (BLVT),” two months after delisting FTX’s Leveraged Tokens.Binance Leveraged Tokens – BTCUP and BTCDOWNLeveraged tokens are designed to give traders exposure to the crypto markets without the nitty-gritty that comes with managing a leveraged position.Launching this week, the exchange will list the first pair of the Binance Leveraged Tokens – BTCUP and BTCDOWN – on May 14, for trades in...

ErisX has announced that it is launching Ethereum futures contracts. It is the first U.S.-based exchange to introduce physically-delivered ETH futures.Crypto exchange firm ErisX has announced that it would begin trading Ethereum futures contracts on its platform from Monday, May 11. The firm also took to Twitter to announce, saying that the Ethereum blockchain community and a broader capital market would benefit from the regulated product.ErisX is proud to be the first U.S. based exchange to...

Tether (USDT) has become the third-largest crypto in terms of its market capitalization that is said to reach $8.8 billion.Tether (USDT) has become the third-largest cryptocurrency. This occurred as the Bitcoin halving event occurred seamlessly. Sources report large inflows of the world’s largest stablecoin into exchanges.Tether (USDT) now has a market capitalization of about $8.8 billion. This places the Ethereum-based token as the second most capitalized altcoin after Ethereum (ETH).As of...

The American multinational investment bank, JPMorgan, has taken two popular cryptocurrency exchanges as banking customers. According to a recent report, the giant bank has approved Coinbase and Gemini in April, and transactions are starting to be processed now.Cryptocurrency Adoption From JPMorganPer a Wall Street Journal report from today, JPMorgan Chase & Co has started accepting clients from the cryptocurrency industry. The bank has approved the largest US-based exchange with over 30...

Tron price started a major bearish wave after it failed to clear the $0.0166 resistance against the US Dollar.TRX price tested the $0.0135 support zone and it is currently correcting losses.There was a break below a crucial bullish trend line with support near $0.0160 on the 4-hours chart (data feed via Bitfinex).The price could correct higher, but it is likely to face sellers near $0.0150 and $0.0152.TRON price declined heavily in the past few days against the US Dollar, similar to bitcoin....

Ethereum price started a major decline after it failed to clear the $220 resistance against the US Dollar.ETH price declined sharply below the $200 and $198 support levels.There was a break below a key contracting triangle with support near $200 on the 4-hours chart (data feed from Coinbase).The pair is currently consolidating losses and likely to face resistance near $192 and $198.Ethereum price is back in a bearish zone below $200 against the US Dollar. ETH/USD is likely to continue lower...

The bitcoin crash that occurred roughly 24 hours ago has caused Coinbase – a popular cryptocurrency exchange – to experience a brief period of inactivity before finally restoring its services later in the day.Coinbase Crashes for the Second Time in WeeksThis marks the second time the trading platform has crashed in the last two weeks. The first occurred when bitcoin first rose into the high $9,000 range and gained virtually $1,000 overnight. At that time, the exchange was experiencing such...

Well, well… Did anybody see this coming? After spending the last few weeks in extremely bullish territory, the world’s number one cryptocurrency by market cap – bitcoin – has decided to shed more than $1,000 in a single night.Why Did Bitcoin Crash?This is the exact opposite of last week when the currency decided to gain that much within a 24-hour span. The currency shocked the entire market and decided to spike from the high $8,000 range to the high $9,000 range, adding close to $1,000 to its...