Markets

Bitcoin just completed a daily surge of more than $400, marking $8580 as its current daily high. Yes, maybe when you’re reading these lines, the king of the cryptocurrencies had continued its way even higher.Three days ago, on our recent price analysis, we had stated clearly that the short-term looks bullish for Bitcoin.The consolidation above the $8000 was exactly what Bitcoin needed to regain forces for the move we just saw over the past hours.Following the parabolic rise of NASDAQ, the...

Ethereum price is gaining bullish momentum above the $145 resistance against the US Dollar.ETH price could continue to rise and it might break the $152 and $155 resistance levels.There is a key bullish trend line forming with support near $143 on the 4-hours chart (data feed from Coinbase).The price could correct lower, but buyers are likely to protect $145 and $143.Ethereum price is showing a lot of bullish signs against the US Dollar. ETH/USD could continue to rise if it clears the $152...

At the time of writing, bitcoin (BTC) – the number one cryptocurrency by market cap – is trading above $8,100, suggesting that its latest bull run still has some steam behind it.Bitcoin Is Still Hitting the TopYesterday, there was concern that perhaps things had either come to an end or were slowing down given that the currency was meandering between $7,900 and $8,000. This occurred for roughly two days, which made several analysts think that bitcoin had reached its peak considerably earlier...

Ethereum is moving sideways at the $143 level as it attempts to overcome resistance at $147.Against BTC, ETH is struggling to overcome resistance at 0.0179 BTC but remains supported at 0.0175 BTC.Ethereum still remains within a neutral condition until the bulls can bring the market above the December highs at $152.Key Support & Resistance LevelsETH/USDSupport:  $133.50, $128, $120.Resistance: $145, $152, $158.ETH/BTC:Support: 0.0171 BTC, 0.0169 BTC, 0.0164 BTC.Resistance: 0.0175 BTC,...

A popular host and crypto investor has made a bullish statement on altcoins. Ran NeuNer’s tweet was met with heavy criticism. Nevertheless, it is difficult to deny that large market cap coins are showing signs of strength. It’s not a secret that most alternative coins or altcoins are dependent on bitcoin. Wherever BTC goes, almost every other crypto token follows. That’s especially true for large market cap coins such as Ethereum, Litecoin and EOS. A score of one...

Tesla stock price has continued to rise after making spectacular gains at the weekend. Tesla stock closed at $478.15 apiece on Friday. This has made Oppenheimer and Co. Inc. give the biggest bullish price prediction yet. The New York-based investment firm has given a price prediction of $612 per share. Sources indicate that this is the highest share price prediction given by a Wall Street firm. The firm said in a note to its clients:“We believe the company’s risk tolerance, ability to...

Analysis streaming out from Wall Street suggests that the year 2020 has a lot of profitable stocks available for investors who choose such companies as Facebook, Verizon, and McDonald’s, among others.Key PointsHigh yield stocks up for grabs in 2020.Facebook’s politically-induced woes may finally pay off in 2020.Verizon’s commitment to its core values makes it a company to watch out for in 2020.McDonald’s introduces innovative ideas that are stock boosters.McDonald’s to Become a More...

Just when we got worried that something happened to him, the head of the Tron Foundation Justin Sun popped out with, what seems to be, his new project.Calling it a “secret project” that will bring “multibillion benefits” to the TRX ecosystem, Sun tackled the public opinion once again.However, let’s just bear in mind that the young Sun has pretty much famous for his sensationalist announcements with numbers that would shame even the one and only – Donald Trump.The same goes to forecasting...

It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today.It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives...

Saudi Aramco is a Saudi Arabian national petroleum and natural gas company. In December 2019, the company in its IPO initially raised $25.6 billion which already then was a record-setting number. They sold 3 billion shares worth $8.53 (or 32 riyals) a share. Already at the beginning of the IPO, the company stated that they might sell additional shares through the greenshoe option. It’s also called over-allotment of shares, which means that companies are allowed to issue more shares in the...