Markets

Apple esports Mac is taking over the gaming market with a high-end version of its popular line of laptops. Esports in recent years has seen an exponential rise. It has all the chances to become an official sport soon. Reports say that esports may also join the Olympics. Professional gaming is gaining traction and recognition. High schools and even colleges are already launching gaming clubs. This is a sign that this is another professional activity that many young people are going to go...

Even though Google tracks Santa and seems to be very Christmas-like, it doesn’t seem to care for the crypto community at all. YouTube, the Google-owned video-sharing platform apparently started restricting or even deleting crypto-related videos or those who were flagged to be that way. Some crypto influencers even said their videos or even the whole channels were completely removed. The founder of Skill Incubator, a company that teaches valuable skills to help people thrive in today’s...

Bitcoin Asset manager claims most firms looking to speculate on bitcoin will use derivatives market instead of the underlying asset. The market share of physical oil compared to oil derivatives plummeted when futures trading was introduced. ‘Financialization’ of bitcoin will distort its innate pricing mechanism. Don’t count on a halving pump in 2020. The tendency for bitcoin to multiply in value following regularly scheduled halving events should not be relied on in 2020.That’s according to...

The general sentiment among the traditional financial markets is at extremely high levels of greed, according to the Fear and Greed Index. At the same time, the chart suggests mostly fearful feelings among the cryptocurrency market, but could those emotions be an indicator of a trend reversal?Greed Sentiment In The Stock MarketThe Fear and Greed index is a popular monitoring resource that calculates various types of data to provide investors’ current sentiments towards financial instruments....

Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019. Bitcoin Hashrate. Source: Blockchain.comHash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a process known as mining. The increasing hashrate could suggest that the network is getting more robust and secure, as the chance for a potential attack on it...

Bitcoin has spiked this week, reaching $7,600 on Monday for the first time in almost 14 days, but quickly declined at the upper price level of $7,688.99. This step increased the profit of Bitcoins before the holidays.Investors are encouraged that now Bitcoin is approaching the $8,000 level. And there is an increasing likelihood that traditional non-crypto investors, traditional financial investors, may again begin to look at crypto. This is very important because introducing this new type of...

As it tries to save itself from other disappointments, Boeing has fired its CEO Dennis Muilenburg. The decision was made necessary because of problems that stemmed from two separate incidents of fatal crashes of the Boeing 737 Max.The new Boeing CEO announcement caused BA stock to rise by 3% to $337.55 shortly after it was publicized. Regardless, prices are still down about 20% ever since the March 10 crash. The general consensus from much of Wall Street is that Boeing could have done a lot...

Bloomberg Markets editor bashes the Bitcoin Stock-to-Flow model for allegedly mispredicting the cryptocurrency price. Joe Weisenthal says scarcity is not an influential factor in pricing bitcoin in the future. People only need to bid up the price of existing bitcoin to make it more expensive, he argues. A price forecasting model that predicts bitcoin at a $100,00 valuation by Christmas 2021 is complete nonsense, according to Joe Weisenthal.The Bloomberg Markets editor questioned the...

Yesterday, before the market closing, a milestone event took place. Tesla stock reached $420 per share, which made a new record height for the company. Besides, this jump brought Tesla’s market cap to more than $75 billion.Reacting to Tesla stock growth, the company’s founder Elon Musk tweeted:Whoa … the stock is so high lol— Elon Musk (@elonmusk) December 23, 2019It is notable that last year when the price was about $379.57 per share, Elon Musk stated he had a buyer that would take Tesla...

Tron price started a fresh decline after it failed to surpass the $0.0160 resistance against the US Dollar.TRX price is now trading well below the $0.0142 and $0.0145 resistance levels.There was a break below a major bullish trend line with support near $0.0140 on the 4-hours chart (data feed via Bitfinex).The bears are likely to gain momentum if there is a clear break below the $0.0132 support.TRON price is showing a few bearish signs against the US Dollar and bitcoin. TRX price remains at a...