Markets

Travis Kling shared a chart that showed bitcoin might be set for a bullish breakout in May 2020. Consider taking a contrarian stance because a post-halving dump happened in the past. Even if there’s a massive shakeout, bitcoin looks poised for a bull run this year. Bitcoin has been struggling to keep its bullish momentum alive since it topped out at $9,188.10 earlier this month. The cryptocurrency is down nearly 10% from the yearly high. Many are saying that the bear...

Bitcoin big whale and advocate, Tim Draper, has reiterated his stance that Bitcoin (BTC) is one of the best investment vehicles in the world and as such, has encouraged millennials to latch onto the Bitcoin movement and enjoy the many benefits of the digital currency.Millennials have been encouraged to key into the many benefits that abound in Bitcoin as it could be their wisest decision at retirement age.Billionaire Tim Draper who was one of the earliest investors in the virtual currency...

The BTC/USD market is countrolled by bears for the third day in a row. This Thursday, the Bitcoin price plunged from $8,660 to $8,386.60 level. And in trend continuation this Friday, the price has declined further than $8,300.00 southwards.The digital asset market records negatives again with bitcoins and altcoins, which are among the largest losers in the top 20. The bearish correction should gain momentum in anticipation of the weekend, as most altcoins unfold the growth of the prior...

Ripple, the company behind one of the largest cryptocurrencies on the market, XRP, might file for an IPO within the next 12 months. So much became clear in an interview with the company’s CEO, Brad Garlinghouse, during the World Economic Forum in Davos.Ripple May Go Public In The Next 12 MonthsThe past few days have been quite intense as the World Economic Forum 2020 is taking place in Davos, Switzerland. In an interview, Ripple’s CEO, Brad Garlinghouse shared his thoughts on the industry, as...

Tesla CEO Elon Musk has been tipped to break the trillionaire threshold before Jeff Bezos, Bill Gates or any other contemporaries following Tesla’s recent landmark in breaking the $100 billion market cap level after skyrocketing rise of the company’s stock price.Should We Be Getting on the Musk Train?Elon Musk rests rightly as one of the biggest celebrity entrepreneurs in the world and has amassed an enormous cult following over the years. Fanatics are at their constant best with bullish...

Ripple Labs, the San Francisco-based blockchain startup, secured the highest funding in comparison to other peer blockchain companies in 2019. The latest report from CB Insights shows that Ripple raised $200 million in the Series C round last year.Among the companies that follow Ripple on the list are Figure Technologies, Digital Asset and PeerNova. However, the gap between the first and second positions is significant. However, even Ripple’s $200 million is a very small amount in comparison...

A recent survey from the Bank for International Settlements (BIS) confirms the emerging trend of digital currencies backed by central banks. The publication reveals that 80% of the participants have declared that they are currently working on issuing their own cryptocurrency.CBDCs: Coming From Most BanksThe survey was compiled by BIS at the end of 2019 and contains the answers from 66 central banks around the world. Twenty-one came from advanced economies and forty-five from emerging market...

Crypto Derivative Markets are TrendyCryptocurrency derivatives were a major highlight of the cryptocurrency market in 2019. Data collected in the past year already reveals how the derivatives market outperformed the spot market and more recently, the buzz is becoming more intense as speculation suggest that this market will double the size of its counterpart spot market in the near future. More so, increased competition in derivative products has been instrumental in the growth of the...

The cryptocurrency derivatives market is on heat, with the BitMEX release of the XRP-USD quanto swap tool. The so-called ‘quanto-swap’ represents the derivative with an interest rate taken from the difference between different currencies. During the swap, one person is paying another interest. It is derived from the difference between the foreign and local assets, or between two ‘shitcoins’ (in the Bitcoin maximalist lingo, all the coins are ‘shitcoins’, while we just try to keep the...

Bitcoin cash price started a fresh decline after it failed to stay above $400 against the US Dollar.The price broke a few key supports near the $350 and $340 levels.There was a break below a major contracting triangle with support near $331 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $312 and $300 support levels in the near term.Bitcoin cash price is declining and struggling to stay above $312 against the US Dollar....