Markets

Stellar lumen price is up more than 10% and it broke the $0.0600 resistance area against the US Dollar.XLM price traded to a new monthly high at $0.0661 and it is currently consolidating gains.There is a short term contracting triangle forming with support near $0.0610 on the 4-hours chart (data feed via Kraken).The pair could correct further lower towards the $0.0575 support and the 55 simple moving average (4-hours).Stellar lumen price is showing many bullish signs against the US Dollar and...

Ripple price is currently trading in an uptrend above the $0.1900 pivot area against the US dollar.The price is likely to surge above the $0.2025 and $0.2050 resistance levels in the near term.There is a key bullish trend line forming with support near $0.1945 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a downside correction if it fails near $0.2025 or $0.2050.Ripple price is moving higher and trading above $0.1950 against the US Dollar. XRP price...

No doubt bitcoin has gone through a rough couple of months this year, but then again, so has every asset.Bitcoin Could Be Big Again SoonIt seems like everywhere you look – whether it’s Asia, America, Europe, etc. – people are dealing with the circumstances surrounding COVID-19. The virus has done harsh damage to the global economy, resulting in several assets and markets falling by thousands of dollars since early March.However, some analysts believe this won’t be bad for bitcoin in the long...

Bitcoin futures contracts allow traders to speculate on the price of Bitcoin without necessarily have to own it. They are a derivative product that gained serious popularity in the past years.Traders are always looking for information that would give them an edge in the market. Arguably, the most valuable data is that which offers an insight into what other traders are doing.Open Interest (OI) could provide some of this information with appropriate interpretation. Understanding it and its...

Stablecoins issuance is not artificially inflating the prices in the cryptocurrency market, despite some controversial beliefs, suggested new research on the matter.At the same time, the paper acknowledged their vital role in the digital asset field and predicted that it’s only prone to grow in time.Tether Do Not Inflate The Crypto MarketLast year, two academics updated a study and claimed that the most widely used stablecoin – Tether (USDT) – was behind the 2017/2018 parabolic price increase...

The tenth-largest cryptocurrency by market cap, Tezos (XTZ), has the most assets locked in staking with over $1.8 billion. The popular blockchain protocol has been especially attractive to investors lately and has surpassed the former leader of staking – EOS.XTZ Locked In StakingPer data from the monitoring website, Staking Rewards, Tezos became the leading in terms of assets locked in staking over the past month. As of April 24th, the total amount equaled to $1.81 billion. Interestingly, as...

Is it possible that bitcoin is suddenly spiking because people are fighting back harder than ever against the coronavirus?Bitcoin Is Jumping… And So Are ResidentsWhile this is purely speculative, one cannot help but notice that now, right as people are beginning to protest current stay-at-home orders and stand outside governors’ mansions to herald their right to work, bitcoin has endured a significant rise.Over the past several weeks, bitcoin has been trapped in the doldrums, though things...

Yesterday saw the price of bitcoin – the number one cryptocurrency by market cap – jump all the way into the $7,500 range. The currency has added more than $400 to its price in just 24 hours. What happened suddenly, and why is bitcoin deciding to return to its old bullish ways?Bitcoin Is On a RollThis is great news for analysts – many of whom have been predicting a solid rise in the bitcoin price over the past few weeks – and for traders, who are seeing the bullish ways of their industry fly...

Bitcoin mining hardware manufacturer Ebang International Holdings has become the latest mining chips company planning to get listed on a major stock exchange via an Initial Public Offering (IPO) in the United States.Ebang Files $100M IPO In The USThe China-based firm has applied with the US Security and Exchange Commission (SEC), so it can raise up to $100 million from investors through an IPO in the country.Ebang is now expected to face questioning from the securities regulators to be deemed...

Despite his short-term adverse views of Bitcoin’s price, Ross Ulbricht remains bullish in the long-term. In a recent post from the prison, he reiterated his last $1,200 price prediction, saying that this could be simply the start of a vast upwards movement, which could lead to $333m per one BTC.Bitcoin To $333 Million?As Cryptopotato reported recently, the incarcerated founder of the notorious Silk Road dark market, Ross Ulbricht, claimed that the price of the primary cryptocurrency could be...