Markets

The altcoin market cap may be bottoming out. One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle. If the analyst is correct, there’s a chance we will see gains similar to the profits made in the 2017 bull market. Many people got rich during the 2017 crypto bull market. I’m not just talking about those who timed bitcoin before it exploded to $20,000. There were speculators who traded altcoins and waited for them to skyrocket in value...

As it has become known at the World Economic Forum (WEF) in Davos, the top organizations of the planet will join Refinitiv’s alliance to be able to research and edit the investment markets. Governments and corporations usually invest using the consensus of decisions of top officials. So basically, investment is a form of art. Now it is time to take a step into the future by turning data gathering into the science.David Craig, Refinitiv CEO, noted:“The need to channel capital towards the UN...

There’s good news for Bitcoin investors and enthusiasts! The study of some on-chain metrics and Bitcoin wallets shows that the world’s largest cryptocurrency has been in the accumulation zone over the last 12 months.As on January 14, nearly 784,000 addresses were holding one or Bitcoin tokens. This is also an 11% surge from the 707,000 addresses holding BTC a year ago. Furthermore, the blockchain intelligence company Glassnode noted that total addresses holding BTC have doubled since...

Bitcoin price is presently trending at the level of $8,419 (+ 2.38% daily). The crypto is on track in the framework of a strong bearish trend amid growing volatility. The intraday low is recorded on the level at $8,371.The cryptocurrency market returned to minus, losing the insignificant profits achieved on Wednesday. The total crypto assets struggle with losses from 1% to 6%. Bitcoin returns to a mark beneath the $8,500 level (support of last week). Before the continuing bearish activity,...

Ethereum witnessed a small 3% price drop today, causing the price for the coin to fall beneath $165.Against BTC, ETH failed to make any ground above the 100-days EMA and has since fallen back beneath.Despite the recent price drop, bulls may be hanging in there until the price falls to $158. Key Support & Resistance LevelsETH/USDSupport:  $158, $152, $145, $133.50.Resistance: $172,  $175, $180, $186, $194.ETH/BTC:Support: 0.019 BTC, 0.0188 BTC, 0.0185 BTC,  0.0171 BTC.Resistance: 0.0195...

All of the products being offered by Ripple regularly are drawing new partners for the blockchain company. Ripple already has an interesting list of companies that currently use different RippleNet products for their core functions. Now, two new partners, including Bottomline Technologies and Tranglo, are joining the Ripple team. In addition to this, the U.S. Treasury might be throwing its back behind the company as well.Bottomline Technologies Partners with RippleAccording to the company’s...

In their latest blog post, Binance calls itself a “global blockchain ecosystem”. It has recently invested in a blockchain protocol that focuses on data traceability and monetization. However, the amount of the investment currently stays undisclosed.Gin Chao, Binance’s Strategy Officer explained that the Numbers team “has strong technical backgrounds and expertise in building blockchain applications with practical use cases”.“Numbers app is integrated with Binance Chain through Zion, a...

Tesla stock is doing amazing numbers in the market and breaking grounds for the auto company. Yesterday, Tesla stock surged impressively and has now crossed $100 billion in market valuation. Tesla (TSLA) climbed more than 6% to cement a new record high at $569.56.Tesla Stock Pushes ValuationAt the moment, Tesla is now the world’s second most valuable auto company. With a market cap of about $102.6 billion, it has pushed Volkswagen (VWAGY) down and is just behind Toyota Motors (TM). Toyota is...

Recently, Telegram founder Pavel Durov made quite a bold statement. On his Telegram channel, he argued that Apple‘s iCloud is now ‘officially a surveillance tool’. Further, Durov cited a Reuters report and stated that apps relying on it to store users’ private messages (such as WhatsApp) are part of the problem.But let us see how the whole story began.Apple’s iCloud Will Not Encrypt BackupsAbout two years ago, Apple was considering end-to-end encryption for iCloud backups. After doing that,...

A quick recap to the last Bitcoin’s price action from the past week: After touching the 200-days moving average line (~$9060), Bitcoin got rejected and quickly dropped into the $8600 support area, after creating a wick down to $8450.Since the first touch on this crucial support line (four days ago), we had seen Bitcoin trading around $8600. However, there was a negative bias in the recent price action, as mentioned in the previous price analysis.The $8450 support line had seen three attempts,...