Markets

The cryptocurrency space has added a whopping $35 billion to its overall market cap thanks, in part, to bitcoin surging well beyond the $8,000 mark.The Crypto Market Owes Its Gains to BitcoinWhat’s even more impressive is that during yesterday’s early morning hours, the number one cryptocurrency by market cap surged into the low $9,000 range, which means that its present price is something of a correction or a “settling” at something lesser. Still, the market is in extraordinary shape...

The halving is set to occur in the next 11 days, and bitcoin analysts and enthusiasts are waiting with bated breath. They’re excited and eager to see what’s going to happen with the world’s number one cryptocurrency by market cap.The Bitcoin Halving Is Setting the StageDanny Scott – co founder and chief executive of crypto exchange Coin Corner – explained in an interview on Thursday:Coming up in 12 days is the bitcoin halving – which in short cuts the supply of bitcoins coming into...

Moderna is moving forward with its coronavirus vaccine. The company announced a deal with Lonza Group AG to manufacture 1 billion coronavirus vaccine doses a year. MRNA stock is up.Moderna Inc (NASDAQ: MRNA) stock jumped over 5% in the pre-market on Friday after the company announced a deal with Lonza Group AG (SWX: LONN) to increase the production of its possible COVID-19 vaccine by 1 billion a year. At the moment of writing, MRNA stock is 2.46% up. The shares have more than doubled since...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is continuing its bullish behavior and getting even closer to the $10,000 mark it enjoyed last February. At press time, the asset is trading for a whopping $8,850, though it briefly sailed past the $9,000 mark early yesterday morning.Bitcoin Is Getting Bigger and BiggerThe currency is setting new boundaries for itself after the U.S. has agreed to several new aid packages for both workers and businesses...

Bitcoin’s halving is right around the corner. It will slash the block reward miners get from minting new bitcoins in half and potentially reduce the supply of the cryptocurrency on the market. Historically, this has been a major bullish catalyst for Bitcoin as its price has so far increased substantially after the two previous halvings.The last couple of days have been nothing but impressive for the leading cryptocurrency as it managed to touch $9,500 before retracing to where it currently...

BitcoinBitcoin saw an impressive 17.5% price increase over the past 7-days of trading as the cryptocurrency managed to climb above the $7,500 resistance to break above $8,000. It continued to push higher and eventually reached a weekly high of $9,430 before dropping to the current resistance at $8,870 (1.272 Fib Extension).This price increase is not surprising because the Bitcoin block halving event is just a short 10-days away.If the buyers continue to push above the current $8,870 level,...

Bitcoin’s price increased substantially over the past few days, breaking a lot of important resistance levels on its way up. The cryptocurrency touched $9,500 but has since retraced to its current trading price at around $8,900.In any case, this staged it for a full recovery from the mid-March selloff while equity markets are yet to regain their strength.Bitcoin Decoupling From Equities And GoldThe past couple of days have been nothing but interesting for Bitcoin as its price marked yet...

Ethereum investors have been accumulating and holding substantial amounts lately. More than 77% of ETH in externally owned accounts (EOAs) has not moved in the past six months, new data revealed.Ethereum Investors Hodl And AccumulateThe price of Ethereum, similarly to most cryptocurrencies, went through violent turbulence lately. Starting 2020 at about $131, reaching a yearly high of $290, and then succumbing to the mid-March sell-offs caused by the COVID-19 pandemic and bottoming at...

Apple reported revenue of $58.3 billion for its fiscal second quarter, falling below its initial Q2 guidance but surpassing Wall Street’s muted expectations. AAPL stock is down in the pre-market.Apple Inc (NASDAQ: AAPL) announced on Thursday its earnings for its fiscal Q2. Earnings per share (EPS) in the second quarter of fiscal 2020 stood, therefore, at $2.55. That represents a 4% rise from the same period a year ago and is also better than analysts’ expectations.Revenue also came in above...

Top global assets closed the month of April in the green, with Bitcoin coming through as the best-performing asset of April. BTC was up roughly 34%, rising from the $6,400 range at the start of the month to just over $8,700 on the last day. The S&P 500 gained 12.7% while gold rallied by $6.7% in April. This marks a recovery from the market crash in March when Bitcoin, S&P 500 and gold dropped 26.7%, 12.51% and 0.5% respectively.COVID-19 Outbreak Caused Markets To Pause in March,...