Markets

Bitcoin attempted to regain some of the losses from this month as it increased by a small 1.26% this week. The cryptocurrency remained supported at $7,123 and even spiked higher to meet the December resistance at the $7,886 level. Bitcoin is now trapped within a range between $7,686 and $7,123 and must break this range to dictate the next market direction.If the bulls defend the support at $7,123 and start pushing higher, initial resistance lies at $7,400 and $7,686 (bearish .382 Fib...

At the hour of composing, XRP/USD is changing hands at $0.1882, generally both unaltered since the start of Friday and on the last day. XRP has recouped from December 18 low of $0.1725; in any case, the further recuperation is by all accounts restricted by a mental obstruction at $0.20.It’s critical to recall that regardless of whether XRP can turn bullish temporarily, its long term trend remains quite terrible. The cryptocurrency has plunged over 60% over the most recent half-year and has...

Tesla‘s products build a cyberpunk future many people were waiting since the 20-century classic books. A regulatory file posted on Thursday claims that big Chinese lenders work with Tesla corporation on financing the first Tesla plant construction in China. Situated outside of the U.S., the plant will serve the Asian market with the cars that are of high honor among Chinese folks.By signing several deals, Tesla is trying to expand its manufacturing to the world’s largest automobile market....

Bitcoin cash price is trading nicely above the $182 support area against the US Dollar.The price is facing a couple of important hurdles near the $198 and $204 levels.There is a declining channel or a bullish flag forming with resistance near $192 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could decline a few points before a fresh increase above the $198 resistance area.Bitcoin cash price is trading in a positive zone above $182 and $180 against the US Dollar....

In a strange twist of events, Ethereum – the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin – is doing far better than BTC.Is Ethereum Becoming a Tougher Coin?Technical charts show that transaction volumes for ETH, for the first time in a while, are surpassing those of bitcoin, and that there’s far more activity as of late surrounding the world’s second primary form of crypto. How can this be, and will this enable ETH to gain price momentum and...

We’ve got some good news, folks. At the time of writing, the world’s number one cryptocurrency by market cap – bitcoin, of course – has shot past the $7,400 line for the first time in weeks.Bitcoin Is Heading HigherThis is a significant improvement over the $7,100 level it’s been trading at for some time. While the currency rose this high during the mid-December point, it appeared bitcoin couldn’t retain this level of momentum, and immediately fell back down to the low $7,000 range. Now, it...

After having a gloomy Christmas, the only relief for traders today is that Bitcoin is still holding support at the $7200 region. After touching $7,700 a few days ago, BTC is currently trading above $7,200. A decline below $7,000 will, in no doubt, be stressful for traders who are already disappointed with the Christmas market outcome. The rest of the crypto market is in a mixed state, with significant altcoins posting either slight profits or loss. Ether (ETH) has lost a significant amount of...

In general, the crypto sphere was not encouraging for most of this week, as Bitcoin merged in the low range of $7000, but Ethereum continues to weaken.After the particularly harsh end of 2019, it may seem that shortly the fate of Ethereum financial speculators will not change. The second-largest crypto asset in the world will have a bearish end in 2019. The price of Ethereum continues to crumble and now the network is getting progressively exasperated due to planning the next network...

Just in time, before the new year has started, Binance said that its crypto exchange for United States-based users, Binance.US, is now available for beta testing on Android devices.In a tweet published on Christmas, the U.S. subsidiary encouraged its users to engage in the beta test of the crypto trading application on Android devices. Through this test phase, users will be able to ease some issues for Binance.US.For example, users will be able to help in identifying eventual bugs and...

Beijing-Shanghai High-Speed Railway Co. is said to kick off its initial public offering on January 6, 2020. This will be the first IPO, where investors will be able to buy shares in what we can call the world’s largest network of this kind.The operator of China’s high-speed rail line between Beijing and Shanghai is a unit of state-owned China Railway Corp. It said to sell as many as 6.3 billion new shares, or 12.8% of enlarged capital, through the listing in Shanghai. Still, the company...