Markets

According to a recent report from Bloomberg, Tesla is making interesting strides with its car factory as it has now inched very close to erection. Per a statement from the Brandenburg state government, authorities have agreed to the terms of a contract between both parties, for the sale of land in Grunheide, a municipality close to the capital. The land near Berlin is 300 hectares large (741 acres) and will house the gigafactory that will be built by Tesla.Apart from the terms stipulated in...

The weekend was positive for Bitcoin with another batch mimicking up during late U.S. trading and early Monday morning in Asia.BTC/USD is currently trading at $7,521 (+ 5.4% on the daily chart). The coin has been recovering since Sunday. During the early Asian hours, the cryptocurrency attempted the area above $7,600.Sentiment among traders and analysts altered back up again as optimism for “a year-end rally” returned to cryptocurrencies.Analysts maintained their range during the sudden...

Over the last decade, specifically after the 2008 global economic recession, chipmakers have emerged as the best performing industry across sectors and regions. The latest industry report shows that the chipmaking industry witnessed a 377% growth in the last 10 years. This is double the growth of the S&P 500 during the same period.This shows that the semiconductor industry remains at the core of this rapidly changing technology. Despite new technologies like AI, blockchain, ML, and others...

XRP price crashes continue to have place. As the price has fallen to $0.20, it means that the coin has lost 95% of its highest all-time value. Currently, Bitcoin dominance is at an all-time high of nearly 70%. This has created a scenario where the XRP token has lost ground. This hasn’t however dampened the confidence of investors into XRP-related projects. Sources indicate that Ripple announced recently that it had been able to get about $200 million in investments this year. Ripple Labs also...

The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...

It’s a good start to the week as Bitcoin and the majority of altcoins have turned green in the crypto market rally. In the last 24-hours, the overall cryptocurrency market added $10 billion.Simultaneously, the BTC price has surged nearly 5% moving above $7600. Bitcoin is currently leading today’s market rally with Ethereum posting under 3% gains. Last week, Bitcoin was struggling to cross $7000 and instead went all down below $6600 levels.However, it quickly managed to cover its lost ground...

After a few days of trading sideways, Bitcoin’s price appears to be headed north. It was trading at around $7,100, and it surged to over $7,650 on Bitstamp before retracing slightly to the current level of approximately $7,500.Bitcoin marks a 4.6% increase at the moment. The interesting thing is that BTC’s dominance is also on the move. Currently standing at 68.9%, it’s obvious that Bitcoin claims a larger part of the market share as altcoins struggle to note any serious gains.Ethereum has...

One of the world’s leading crypto exchanges Coinbase is winding up the activity of Earn.com, blockchain startup it acquired in April last year. The exchange has decided this time to expand its Coinbase Earn program, and Earn.com may help in that. Earlier, the exchange promised it would completely integrate Earn.com into Coinbase’s operations while the startup’s existing business would continue. However, now Coinbase is going to close Earn.com. As the exchange has stated, it will now use...

Stellar lumen price started an upside correction from the $0.0420 support area against the US Dollar.XLM price is currently trading above $0.0450, but there are many hurdles near $0.0500.There is a significant bearish trend line forming with resistance near $0.0500 on the 4-hours chart (data feed via Kraken).The pair could restart its decline if it fails to stay above the $0.0450 support area.Stellar lumen price is slowly correcting higher against the US Dollar, while bitcoin is rallying. XLM...

The Bitcoin breakout came just hours after our previous price analysis about the fact that BTC is stuck inside a tight range for too long (and it doesn’t like to be in that situation).Those are our words that were written yesterday:“In the micro-level, we can identify a bullish triangle on the 4-hour timeframe; but anything can change. The only thing we predict is a huge move, which is likely to take place in the next 1-2 days.”Bitcoin broke above the bullish triangle at $7200, quickly...