Markets

It’s safe to say that the last few days have been nothing short of turbulent for Bitcoin. After trading in a close range for a few weeks with rather low volatility, the cryptocurrency last week recorded its largest daily price increase since 2011. In a span of about 24 hours, it surged by more than 40%, rising as high as $10,350.Predictably, a correction soon followed. Bitcoin shed about $1,000, as its price fell to around $9,400. Bitcoin’s dominance rate also increased notably. Prior to the...

TRON founder and BitTorrent CEO Justin Sun has announced a teaser to whet appetites in the TRON community about an announcement from him and the TRON foundation before October completely runs out. Taking to Twitter to post the teaser, Sun announced that TRON will enter into a partnership by next week, with a “hundred billion USD megacorporation.”#TRON will partner with a hundred billion USD megacorporation next week. It will not only benefit $TRX but all TRC10&20 tokens including $BTT...

Stellar lumen price is gaining bullish momentum and is trading nicely above $0.0650 against the US Dollar.XLM price is likely to rise further above the $0.0700 resistance in the near term.There is a major bullish trend line forming with support near $0.0655 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside unless there is a close below the $0.0620 support.Stellar lumen price is trading in an uptrend against the US Dollar and bitcoin. XLM price...

Ripple price climbed higher recently and settled above the $0.2900 resistance against the US dollar.The price is showing positive signs and it could rally further above $0.3100.There is a connecting resistance trend line forming with hurdle near $0.3110 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well bid above the $0.2880 and $0.2900 support levels in the near term.Ripple price is trading in an uptrend above $0.2880 against the US Dollar. XRP price...

The same core tenets of investing that govern prudent stock market trading also apply to the crypto market. Even expert stock pickers struggle to outperform the market, which is why index funds have become so popular. The crypto market could experience a similar transition toward index-based investing. Though crypto fundamentally transformed the way value is exchanged, the core tenets of investing remain the same. The crypto market is a very young version of the stock market in the...

After the events of last week, news from China keeps on coming. After China’s president, Xi Jinping, urged the country to increase its usage of blockchain technology, crypto prices have gone through the roof. The overall cryptocurrency market experienced a significant uptick initially, but that wasn’t enough for Chinese projects, as some have continued to surge by the hour.Chinese Crypto Projects to the MoonFriday was a day filled with optimism in the crypto market. The president of China...

Lesser-known cryptocurrency NEO surged more than 35% on Sunday. The sudden move launched the NEO price to nearly $12, even as the wider crypto market cooled off from its recent rally. Let’s examine the factors behind NEO’s breakneck recovery. In the wake of a historic cryptocurrency market resurgence, NEO has suddenly sprung to life, securing an impressive 35% single-day rally. What’s driving that rapid upswing? Bitcoin Jolts the Crypto Market Back to Life The crypto markets boomed...

So far, 2019 has been an excellent year for crypto enthusiasts. The collective crypto market cap increased by more than $120 billion, blockchain technology continues to proliferate, and Facebook’s plans for a digital currency bolstered the sector.This enthusiasm expresses itself in many ways, but it often comes together at the industry’s conferences, which bring together its many constituents. From developers and dreamers to financiers and fanatics, cryptocurrency and blockchain conferences...

After a weekend full of price action, there is no doubt that the Bulls got their control of the market once again.The recent week saw Bitcoin breaking down a mid-term triangle (can be seen on the following charts), producing a massive move to the downside, and finding support on a level that had seen by many as critical support. That was the 61.8% Golden Fibonacci, around the $7200 area.Bitcoin didn’t consolidate for much time, until a huge candle cleared the supply and sent Bitcoin all the...

Bitcoin’s epic surge has lifted the entire crypto market, with one notable exception: ripple (XRP) Ripple is barely treading water, while most of its peers are enjoying meteoric gains. Crypto analysts say there are three reasons XRP is struggling. It’s been quite a while since most cryptocurrencies posted tremendous gains. Major coins such as bitcoin, bitcoin cash, and bitcoin sv are up by over 15 percent. Other coins in the top ten were not far behind, with litecoin and ethereum...