Markets

Bitcoin price has jumped back above $7000 gaining over 7% in the last 24 hours. This price jump in Bitcoin is reportedly due to a massive spike in the Bakkt Bitcoin Futures volume. Thus, despite the Bitcoin price volatility, institutional trading for Bitcoin seems on the rise.A Twitter handle dubbed Bakkt Volume Bot has highlighted this rise.∙ Today's volume so far: 6312 BTC ($45.56 million)∙ Last traded price: $7,218∙ Trading day progress: 83%∙ Current daily Bakktarget™: 6994 BTC ($50.48...

EOS price is recovering nicely from the $2.149 monthly low against the US Dollar.The price is up around 10% and it even tested the main $2.500 resistance area.There is a crucial bearish trend line forming with resistance near $2.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to move into an uptrend if it settles above the $2.500 resistance area.EOS price is showing a lot of positive signs against the US Dollar, just like bitcoin. Still, the price...

Bitcoin was a down-trend road for the past two weeks, and this is no secret. Yesterday the lowest price since May 2019 was reached once again – roughly around $6500.Once it was reached, it completed a 10-days decline of $1100 or 15%. That was the right place to ask – “Is it a time for a correction,” which was the title of yesterday’s Bitcoin analysis.A few hours later, the (maybe temporary) bottom was marked once again around $6500 and once again, we saw a quick correction back above. The...

Litecoin price is recovering nicely from the monthly low of $35.85 against the US Dollar.LTC price is up around 10% and it even climbed above the $40.00 resistance area.There is a crucial bearish trend line forming with resistance near $42.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could consolidate in the short term before it revisits the $42.00 resistance area.Litecoin price is showing a few positive signs against the US Dollar, similar to bitcoin. LTC...

Thanks to Unlock’s solution Forbes can now charge a tiny fee per 7 days of ad-free reading. You can also buy 30 days of reading the website without seeing the hateful banners. Subscription is available through the MetaMask, Opera or Coinbase. The first option allows buying one week of reading for ~0.0052 ETH. If you want to buy the monthly subscription, you will have to send out ~0.02 ETH.A main feature of the offer: it appears only in the crypto dedicated Forbes section. If you read some...

After weeks of trading barely above $7,000, bitcoin (BTC) – the world’s largest and most powerful cryptocurrency by market cap – has unexpectedly fallen into the $6,000 range.Bitcoin to End the Year on a Negative Point?At press time, bitcoin is trading for just over $6,700, meaning it has fallen by anywhere between $300 and $400 over the past 48 hours. There are no valid reasons given for the sudden and dramatic fall, though one source is suggesting that Plus Token – a notorious Chinese Ponzi...

Automaker giant Tesla Inc. announced a price decrease for its Model 3 sedans that are built in China by 20% or more next year. Sources familiar with the situation told Bloomberg that Tesla hopes this move will attract new (and old) customers.However, it is not easy to just cut costs. Still, Tesla has an idea. It will try to bring it down by using more locally produced parts, allowing it to import fewer components and avoid tariffs in that way.New, lower prices might start at 355,800 yuan...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.As we see, on D1 of the Bitcoin there is a reversal Wedge pattern forming, promising a reversal and an attempt of growth rather soon. For the bulls, it is important to secure above $7670, which will confirm the development of an uptrend.What is more, similar patterns are forming on the charts of...

Volvo Group after negotiations has decided to sell its Japanese trucking unit UD Trucks for the total sum of 250 billion yen ($1.3 billion) to Isuzu Motors Ltd. Sources indicate that the deal was consummated after a series of talks that saw the current transaction structure emerge. The two rival global automakers will also move ahead as allies rather than as rivals in what seems as a consolidation of their positions for mutual benefit.Based in Saitama, Japan, UD Trucks was sold to Volvo after...

Adyen, an outstanding payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments, has partnered with the global fast-food chain McDonald’s. Within Adyen’s deal with McDonald’s, the latter will use the Adyen platform to receive and process payments made in McDonald’s mobile app.As Bloomberg has reported, in the future, this option will be available globally. The UK will be the first country with this initiative implemented in the first quarter of...