Markets

These days many of us are wondering what has inspired Tesla for creating its Cybertruck. And there is an answer.Perhaps you had the chance to watch some of the top shows about ‘blind auctions’, ‘storage wars’ etc. It’s mostly about people buying a storage unit without knowing what’s inside. Usually, it’s a bunch of crap, but sometimes, people find some crazy things inside – and very worthy as well. Be it as it may, back in 1989, a couple from New York bought such a unit for around $100. It...

The largest cryptocurrency exchange in the U.S., Coinbase, reportedly holds the biggest amount of bitcoins. It has 966k BTC, which is a substantial lead over the other exchanges, as per a recent report. BitMEX and Bitstamp are completing the top three, with 265K and 229K respectively.Coinbase Stores The Most BitcoinsThe largest US-based cryptocurrency exchange, Coinbase, stands alone in an intriguing statistics regarding Bitcoin storage. Established in 2012, the exchange has accumulated over...

An analyst says bitcoin could crash to $2,000 to $3,000 range as miners sell-off. In December 2018, bitcoin dropped from $6,000 to around $3,000 within weeks. If miners capitulate, they are likely to return after the halving. While many investors expect the dip to $6,600 of bitcoin last week to have been a bottom, one analyst believes the bitcoin price could fall to as low as $2,020 in 2020. This looks bad… The perception of value for #bitcoin exceeded the 2017 mania this year but price...

Ripple price is struggling to climb above the $0.2300 and $0.2320 resistances against the US dollar.The price is currently trading near the $0.2200 support area and it could continue to move down.There is a major bearish trend line forming with resistance near $0.2250 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price is likely to accelerate lower if it continues to struggle near $0.2300.Ripple price is facing an increase in selling below $0.2300 against the US...

Bitcoin (BTC) was first created by independent programmers back in 2008. In the last few years, the market cap reached more than $138 billion and became the most popular digital currency to date.Purchasing and selling of this currency are possible through different online exchange platforms and even ATMs. Since the development of this currency more than a decade ago, the value of one bitcoin showed highly volatile behaviors. For instance, if you started to be a Bitcoin trader in 2017, you...

From euphoria to depression: The recent volatility in the price of Bitcoin had burned many shorts and longs. Heaven for traders, hard times for the HODLers.On Friday, just two days ago, everyone was bullish, following a breakout of a decent inverse head and shoulders pattern (at $7400). Following our recent analysis, the huge bullish move had indeed arrived, but couldn’t resist beyond $7870.Then, Bitcoin encountered a long-term descending trend-line, shown both on the following 4-hour and the...

Ethereum co-founder Charles Hoskinson believes that bitcoin is about to achieve big things.Hoskinson: BTC Will Reach $100,000Via Twitter, Hoskinson posted his beliefs that bitcoin could easily reach $100,000 in the coming years. This arguably puts him up there with the likes of venture capitalist Tim Draper, who has stated that bitcoin is likely to hit the six-figure mark by the time 2023 rolls in.Hoskinson’s words are intriguing in that he is the co-builder of arguably bitcoin’s biggest...

It has been an exciting week for Bitcoin. Volatility is back as the price went on a rollercoaster throughout the past seven days. The cryptocurrency started the week trading at around $7,150, dropped to a low of about $6,600 only to recover get up to $7,800. However, throughout the volatile month of November, Bitcoin lost upwards of $1,500 of its value.At the same time, despite Bitcoin’s violent price action, its dominance index remained flat around 66%. This means that altcoins managed to...

This week, Bitcoin saw a small correction from the previously seen bearish trend in November. The cryptocurrency managed to rise by a total of 7.67% to reach the current trading level of $7,768. Bitcoin has a long way to recover, and for this market to be considered bullish again, we would need to see the coin break above the November highs at $9,600. If Bitcoin was to drop back beneath $7,000, we could then consider the market as bearish. Bitcoin now faces initial resistance at $7,915. Above...

Update: Though it was informed by media that Coinbase which is one of the world’s largest cryptocurrency trading exchanges had acquired one of the most innovative digital assets brokerage firms Tagomi for the sum of $150 million, the exchange has denied this information.As Coinbase VP of communications Rachael Horwitz noted, all this news is “100% false.”Earlier sources indicated that a deal had already been in the works and it is only recently that both parties decided to finalize the...