Markets

Trading cryptocurrency has become increasingly popular ever since Bitcoin skyrocketed to $20,000 in 2017. However, what followed was a prolonged bear market, and the demand for trading services that allow users to capitalize on the declining price grew in demand.This lead to a surge in popularity of cryptocurrency derivative products, especially futures contracts which allow traders to open both long and short positions. As such, we saw an increasing number of exchanges adding these products...

At the time of writing, Ethereum was trading close to 1% at its current price of $ 185, a slight increase from its $ 182 low yesterday.The recent volatility of the cryptography markets has led ETH price action of large exchange rate chains like Ethereum to form a close correlation with that of Bitcoin, which means that the aggregated market has plunged into a phase of lateral trading overtime in last days.The situation remains tense and with a clear downward movement of Ethereum prices,...

XRP saw a small decline of around 1.42% over the past 24 hours and it currently trades at $0.2590. The cryptocurrency has seen a further drop of 10.63% over the past week and it fell below the support at $0.26. XRP remains the third-largest cryptocurrency with a market cap of $11.35 billion.Looking at the XRP/USD 1-Day Chart:Since our last analysis, XRP continued to go lower below the support at $0.2670 until reaching $0.2584.From above: The nearest level of resistance lies at $0.2811. Above...

Japanese multinational conglomerate holding company SoftBank has announced its decision to unite its search engine Yahoo Japan with a popular chatting app Line owned by Naver Corp. Within the agreement, Yahoo Japan and Line will merge and create a joint business to develop new opportunities for protecting themselves against competitors.According to the announcement, SoftBank and Naver will each hold 50% of a new holding company that will operate both Line and Z Holdings (Yahoo Japan’s...

It seems China finally decided to cut some ties to the world’s largest reserve currency – United States dollar, at least if it’s to believe the analysts’ prognoses.The biggest and most obvious reason is the ongoing trade war between the two countries said ANZ Research in their recent report. US delisting Chinese companies’ stocks from its market – surely hasn’t helped as well. That is why, ANZ predicts, Beijing decided to diversify its foreign exchange reserves into other currencies as...

After a poor drag down last week, the overall cryptocurrency market is showing signs of mild recovery today. While the crypto markets are eyeing a northward journey, Bitcoin still looks hesitant to take the lead.Last week, Bitcoin took a hit as the BTC price first slipped below $9000 and later even below its crucial support at $8700. Now, at press time, Bitcoin is trading at $8641.61 with a market cap of $156 billion. While Bitcoin has been showing a mild response to the market recovery, some...

Stellar lumen price failed to settle above the $0.0800 and $0.0820 resistances against the US Dollar.XLM price is currently declining and it is now trading well below the $0.0750 level.There is a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more downsides towards the key $0.0650 support area.Stellar lumen price is currently trimming gains against the US Dollar and bitcoin. XLM price could continue to...

Ripple price is currently declining and trading well below $0.2700 against the US dollar.The price is likely to continue lower and it may even test the $0.2420 support area.There is a major declining channel forming with resistance near $0.2635 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could only start a decent recovery once it settles above the $0.2760 resistance area.Ripple price is following a downtrend below the $0.2760 support against the US Dollar....

Privacy-centric Zclassic (ZCL) is skyrocketing after its founder Rhett Creighton decided to “put more ZCL in the hands of people.” Rhett Creighton offers 1,000 ZCL to his followers. | Source: TwitterIn the last 24 hours, ZCL jumped over 60% to hit a high of $0.45. The bullish momentum appears to be correlated with the increasing network activity this cryptocurrency has seen as more people join Creighton’s campaign. Zclassic is Trending Up Zclassic is a fork of Zcash (ZEC) that uses a...

China-based cryptocurrencies surge as bitcoin consolidates. If volume picks up, BTC could break above $9,700. One of the most prominent analysts in the industry shares his views on the pioneer cryptocurrency for this week. Following Chinese President Xi Jinping’s decision to embrace blockchain technology, many China-based cryptocurrencies have seen a significant spike in their market value. VeChain, for instance, has moved up a whopping 185% while NEO has skyrocketed nearly 100% since then....