Markets

After reaching over $9400 a few days ago, the Bitcoin price corrected down to the Golden Fibonacci level at $8400, and since then, BTC is trading mostly around the $8600 price range.As can be seen on the following 4-hour chart, there is a lower highs trajectory on the short-term timeframe, getting closer to the crucial $8400 support, which is the low from Thursday, the correction after the huge Wednesday’s rally.The Weekly Timeframe Since 2015This is an excellent opportunity to look at the...

Stellar lumen price climbed towards the $0.0765 level before correcting lower against the US Dollar.XLM price is now trading below the $0.0700 level, but downsides are likely to be limited.There was a break below a major bullish trend line with support at $0.0720 on the 4-hours chart (data feed via Kraken).The pair could correct further lower towards the $0.0625 support, where the bulls might take a stand.Stellar lumen price is currently correcting lower against the US Dollar, similar to...

Ripple price is currently correcting lower from the $0.2358 swing high against the US dollar.The price is likely to find a strong support on the downside near $0.2000.There is a major bullish trend line forming with support near $0.2085 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a fresh upward move if it clears the $0.2155 resistance area.Ripple price is currently correcting from the last week high against the US Dollar. XRP price must stay above...

Many analysts believe that the price of bitcoin could potentially reach $10,000 before the halving is set to occur.Could Bitcoin Spike It Big All Over Again Soon?If that’s the case, bitcoin would need to spike to the five-figure range in less than two weeks. Can it be done? Is this enough time for the asset to truly make its mark?The last time bitcoin was trading in the $10,000 range was last February. This held for a few weeks and then the currency fell victim to the hazards of the market as...

Berkshire Hathaway had a record $137 billion in cash and equivalent instruments on its balance sheet at the end of Q1 2020. Meanwhile, Warren Buffett has decided to sell the airlines stocks.Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B) first-quarter earnings have shown that the company’s Chairman and CEO Warren Buffett built up the group’s cash bastille and bought only tiny portions of stock during the violent romp of equity markets due to the coronavirus outbreak.Berkshire Hathaway said...

According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%.At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance.Derivatives On The RiseAnd amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the COVID-19, the cryptocurrency market went through a substantial losses. Most assets plunged by as much as 50% in mid-March.During these times of hyper...

The latest price developments helped Bitcoin’s price to recover following the massive sell-offs in mid-March. However, while most features of the cryptocurrency market have reclaimed previous positions, a few are still showing weak charts.Bitcoin Price Recovered Since Black ThursdayThe year started quite positively for Bitcoin and the entire cryptocurrency market. Interest, trading volumes, and ultimately prices were soaring.BTC reached its yearly high in February at around $10,500. And when...

Bitcoin rose more than 15 percent in one day. The behavior, while very much welcome, is also quite odd, and many analysts are wondering what could have caused the world’s number one digital currency by market cap to experience such a massive surge so quickly.Bitcoin Is Back in Bullish HandsWhile the asset is presently trading for as a much as $8,800 – a price that is certainly solid in most traders’ eyes considering just 1.5 months ago, the currency was trading in the high $3,000 range –...

Bitcoin is currently trading for over $8,800, but during yesterday’s early morning hours, the currency ultimately spiked beyond $9,000 for the first time in well over two months. Now that bitcoin has fallen somewhat, analysts are trying to figure out what may have happened.Bitcoin Has Taken a FallThe sentiment is that a massive selloff occurred once bitcoin reached this point. It’s an unfortunate fact to consider; the idea that bitcoin gains a bit of momentum and all anybody can think to do...

On April 30, Ripple published the Q1 XRP Markets report to update the public on the company’s views on the state of the XRP market.On its official website, Ripple Labs published the Q1 XRP markets report meant to provide transparency in the asset market. The report included the quarterly programmatic and also institutional sales updates and other XRP related metrics.In the past few weeks, different reports have been revealed showing the dwindling enthusiasm in the XRP army. However, the new...