Markets

Bitcoin’s price has been consolidating below the $28K level over the last few days, failing to continue its momentum toward the $30K resistance level. The price is currently testing a key area and should be closely monitored. Technical Analysis By Edris The Daily Chart The BTC price has been trapped between the 50-day and 200-day moving averages on the daily chart, with the former located around the $27K mark and the latter near the $28K level. It is currently retesting the...

In a bid to showcase how serious the Neutron project has become, more than 190 million ATOM tokens have been staked through the CosmWasm platform. Leading cryptocurrency exchange by Bitcoin balance and registered global users with KYC, Binance, has announced that Neutron (NTRN), a cross-chain smart-contracting platform, will be available for spot and margin trading with a seed tag. According to the announcement, the NTRN token spot trading will be available for select Binance users...

Beyond Binance’s own commitment, the IRI garnered an additional $100 million in contributions from 18 organizations by February 2023. A recent report from Bloomberg suggests that the $1 billion Industry Recovery Initiative (IRI), launched by Binance has fallen short of expectations, with only 2.7% of the committed funds deployed. The Industry Recovery Initiative was first announced by Binance in November 2022 as a beacon of hope for the industry following the collapse of the defunct FTX...

Treasury yields fell in the US as the war between Israel and Hamas rages on, with several thousand dead and wounded. Treasury yields fell in the US on Tuesday as investors consider the economic and geopolitical effects of the ongoing war between Israel and Palestinian militant movement Hamas. Early Tuesday morning, the 10-year Treasury fell over 12 basis points to 4.6571%. The 2-year Treasury yield also fell, hitting 4.9843% after losing nine basis points. Economists and investors are...

Following the earnings report, the shares of PepsiCo saw a price increase. Yesterday, PepsiCo stock closed the trading session at $161.36 per share. In the pre-market trade today, PepsiCo shares are 0.84% up, or at $162.71 per share. PepsiCo (NASDAQ: PEP) has released its earnings report for the third quarter of 2023. One of the world’s largest food and beverage companies has managed to beat Wall Street’s estimates, delivering better-than-expected results. Due to great performance in Q3,...

In 2024, the prices are expected to further go up. According to a Wall Street analyst Brandt Montour, the rise in ticket prices for 2024 sailings will be set 20% to 30% higher than 2019 levels. The 2023 cruise industry is booming, it has significantly surpassed pre-pandemic 2019 levels and broken sales records in a rapid comeback. Revenue in the cruise market is expected to reach as much as $25.14 billion this year. Amid a strong and increasing travel demand, cruise operators are raising...

Despite the selling pressure, Bitcoin has outperformed the broader crypto market with its market share crossing over 50%. Bitcoin and the broader cryptocurrency market have come under selling pressure amid rising geopolitical uncertainties and a recent war eruption between Israel and Palestine. The developments led to more than $100 million in bull call liquidations in futures positions. Also, the broader cryptocurrency market slid by a staggering 2%. Interestingly, in comparison to...

ADA price is trading in a bearish zone below the $0.258 support zone against the US Dollar. The price is now trading below $0.255 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.2560 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.258 resistance zone. Cardano price is struggling below $0.258 against the US Dollar, like Bitcoin. ADA price...

Ethereum price is struggling below the $1,640 resistance against the US Dollar. ETH price is now trading below $1,620 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,620. Ethereum price is declining below $1,620 against the US Dollar. ETH/USD remains at a risk of more downsides if it...

Upbit, a South Korean cryptocurrency exchange, faced over 159,000 hacking attempts during the first half of 2023, as reported by its operating company, Dunamu. This figure represents a significant surge, with a 117% rise compared to the same period in 2022 and an astounding 1,800% increase compared to the first half of 2020. Upbit is one of South Korea’s largest cryptocurrency exchanges, boasting an impressive 24-hour trading volume of approximately $1.2 billion, as reported...