Markets

Ripple’s XRP has surprised the market and the investors as its price jumped 10% due to a sudden surge in trading volumes. With today’s move, the XRP price has gained 35% year-to-date.XRP that us actively used by Ripple in its solutions has witnessed a sudden inrush of volumes today gaining over 10%. Despite the majority of top-ten cryptocurrencies showing only minor movement, XRP has successfully broken its downtrend.At press time, the XRP price is 11.84% higher in the last 24 hours and is...

ADA price is trading in a positive zone above the $0.0550 resistance area against the US Dollar.The price is likely to surpass the $0.0600 resistance area in the near term.There are two key bullish trend lines forming with support near $0.0550 and $0.0535 on the 4-hours chart (data feed via Kraken).The price remains well supported on dips towards $0.0520 if it corrects lower in the near term.Cardano price is showing a lot of positive signs above $0.0550 against the US Dollar, similar to...

Most of the altcoins are trading in the green over the past 24 hours. Bitcoin, on the other hand, remains somewhat stagnant at around $9,200. Consequently, BTC’s dominance dropped to 64.5%, which is the lowest it has been since July 2019.Altcoins Compared To Bitcoin. Source: coin360.comThe sentiment within the community is shifting quickly, hinting at a possible new altcoin season. This was reaffirmed yesterday with two polls indicating that 50% of cryptocurrency traders hold mainly...

Bitcoin price traded to a new 2020 high at $9,620 before it started correcting lower against the US Dollar.The price traded below the $9,500 level and even spiked below the $9,210 support area.There is a major bullish trend line forming with support near $9,105 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could either rally again above $9,300 or it might dip towards the $8,840 support area.Bitcoin price rallied towards the $9,650 level before correcting lower...

Tesla had (and still has) a great day on Tuesday since its stock is growing at a faster pace ever and is closer and closer to $1000. At 3:10 pm ET the stock was growing by 21.21% to $945.The surge has been happening as soon as the market had opened, which means it had grown by almost $300 a share in just two trading sessions. The rise drove the automaker’s general value to more than $160 billion after it just got to $100 billion in value less than two weeks ago.Jesse Cohen, an analyst with...

One of the biggest problems surrounding bitcoin has to do with the fact that it isn’t used much as a method of payment. According to new statistics from top crypto exchanges, this may be changing.More Merchants Are Accepting BitcoinTwo cryptocurrency trading platforms – Coinbase and BitPay – show that more merchants are utilizing bitcoin and cryptocurrencies. BitPay, itself, processed more than $1 billion in transactions in which the world’s leading form of crypto was utilized as a method of...

January 2020 has come and gone, and the month has sparked new highs for bitcoin.January Was a Great MonthWell, not necessarily highs, but this is the best January for bitcoin in roughly seven years. CNBC reports that since 2013, January numbers have never been particularly praiseworthy, though these past 30 days are something to get excited about.The digital currency rose as much as 29 percent during the first month of the new year, spiking in overall market cap by just shy of $40 million. In...

Justin Sun deflected responsibility for the recent TRX hard cap removal onto TRON’s Super Representatives. But an online paper trail shows that Sun and his team were the ones who proposed the change. The change to TRON’s block rewards stand to benefit Sun, and Binance – which currently controls 55% of TRON’s staking network. Justin Sun was urged to conduct a 1 billion TRX token burn by the TRON community after it was revealed the TRX coin supply would exceed the...

[PRESS RELEASE – Please see disclaimer]Trading in any market can be extremely difficult at times, especially if users don’t have the necessary knowledge it takes to navigate certain markets. For example, the cryptocurrency market is a particularly difficult one given its constant fluctuation in price. One day, Bitcoin (BTC) could be up by $1,000 and the next, down by $2,000. The volatility of the crypto market can destroy any portfolio in a matter of seconds.This is perhaps one of the biggest...

Bitcoin (BTC) is having a field day as it seems to be enjoying the outbreak of the deadly coronavirus. As fear and uncertainty because of the virus continue to spread, the adverse effects are being felt by several businesses. The world’s financial markets also suffered a crash and even oil stocks are continuously crashing. However, the Bitcoin network is experiencing the direct opposite.Bitcoin and the CoronavirusThe relationship between Bitcoin and the coronavirus is a very interesting one....