Markets

Transaction volume is an important metric often considered to determine the growth and popularity of a blockchain ecosystem. This is a go-to metric that often determines user activity and interest for a particular blockchain system. Well, XRP is the show stealer at this moment as it has surpassed both Bitcoin and Ethereum in daily transaction volumes.Last Saturday, November 23, the XRP ledger daily transaction volume hit a massive figure of 4 million. This is the highest recorded volume for...

Social media influencers made people believe that quantitative easing is bullish for bitcoin. The recent selloff obliterated this narrative. HODLers now rely on the halving and the stock to flow ratio to ignite a bull market. Over the last few months, social media influencers on Twitter peddled that quantitative easing (QE) is bitcoin’s rocket fuel. The rationale is simple. If governments can print billions of dollars, some of it will eventually find its way to bitcoin. Additionally, QE may...

India’s digital payments company Paytm said it got new funding from its shareholders but also some new investors. SoftBank Group Corp.’s Vision Fund, Ant Financial and Discovery Capital will, therefore, together with new investors advised by T. Rowe Price Group Inc. fund Paytm to get it in front of its competitors as the country’s finance sector is slightly beginning to grill.From Ant Financial they said they have been searching for investment opportunities in Southeast Asia in order to...

The past week was one of the worst for Bitcoin. The coin’s price had seen a $2000 decline over the past seven days.This morning Bitcoin recorded another new low since May 17 – at $6513 (Bitstamp). However, the cryptocurrency didn’t spend much time at those price levels, and over the past hours, we are witnessing a decent comeback in green:As of writing this, Bitcoin is trading $700 above the daily low, whereas the current daily high almost touches $7300 (~$800 intra-day price increase).The...

Bitcoin’s outlook went from bullish to extremely bearish real quick. Institutions may be playing a huge role in the current selloff. Miners and retail traders add to the supply of bitcoin in the market. Bitcoin is down over 21% in eight days. It has taken out key support of $7,400. Even worse, it is dangerously close to breaching psychological support of $6,000. With bears enjoying total dominance, the cryptocurrency market reeks with extreme fear. The bullish steam that drove bitcoin to a...

Anthony Pompliano, a Bitcoin bull enthusiast, says that the hysteria surrounding the price of the BTC will probably increase more and more until there is “real blood on the streets”.In a new note to investors, Pompliano points out that Bitcoin has always forced weak hands to surrender, through extremely volatile cycles of new and arbitrary highs and lows.When Bitcoin reaches extended periods in an accumulation phase, it has always been caused by violent epidemics that have left investors...

Last Friday, November 22, the Wall Street Journal reported that the world’s largest hedge fund Bridgewater Associates is betting a massive $1 billion that the global stock markets will fall by March 2020. This report has certainly stirred the emotions of global investors.Already the ongoing uncertainty with Brexit and the U.S.-China trade war has ensued tension within global investors. The WSJ report spread like a wildfire and investors started discussing the future of markets from these...

In what seems to be a comeback for Tesla’s Cybertruck after a mishap involving the breaking of its windows which was supposed to be “unbreakable” CEO Elon Musk has indicated that the electric automaker has received about 200,000 orders so far.However, TSLA stock hasn’t reacted seriously. In premarket it is 3.47% up, however, at the close, it was -6.14%.While Musk didn’t distinguish between “pre-orders” and final “orders” where people have committed to purchase the Cybertruck, the interest in...

Recently we wrote about how there were some media rumors about Binance having shutdown its Shanghai following a police raid. It was then reported that Binance has relocated its 100-member Shanghai team to other offices in Singapore.However, shortly after, we reported of Binance spokesperson refuting all the claims and media reports saying that any police raid on Binance’s Shanghai office actually did not happen.Nevertheless, the story needs its closure, but also, an explanation, at least if...

YouHodler Turbo Loans: Multiply Your Crypto Portfolio in a Bear Market YouHodler’s “Turbo Loan” feature lets users take a “chain of loans” in one click to help multiply their crypto portfolio. So in a bear market like this, see how you can “Turbocharge” your crypto up to ten times, while also lowering interest fees, eliminating fees on crypto purchases and creating a better way to earn crypto. Earn crypto: How „Turbo Loans“ work YouHodler...