Markets

Leading digital asset Bitcoin hit $30K for the first time in almost a year amid prevalent gains in crypto stocks. Crypto stocks are rising, with players Marathon Digital Holdings (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT) leading gains. The duo is trading up at 11% and 15%, respectively, with prominent coin Bitcoin (BTC) also changing hands at $30K. As it stands, BTC price is up by more than 80% so far this year. Besides MARA and RIOT, other smaller crypto stocks also experienced...

Solana price started a decent increase above the $22 resistance against the US Dollar. The price is now trading above $22 and the 55 simple moving average (4 hours). There was a break above a major contracting with resistance near $21.00 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $21.80 and $21.50 support levels to start another increase. Solana price is trading above $22 against the US Dollar, similar to Bitcoin. SOL...

Bitcoin price started a fresh increase above the $28,000 zone against the US Dollar. The price is now trading above $28,000 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $28,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $29,000 support zone. Bitcoin price is showing positive signs above $28,000 against the US Dollar. BTC...

Vishal Gupta, head of exchange and markets at crypto exchange giant Coinbase, has left the company. The executive’s departure comes shortly after Coinbase was issued a Wells notice by the US Securities and Exchange Commission (SEC). Another Crypto Exec Leaves Company In a tweet thread on Monday (April 10, 2023), Vishal Gupta announced that he was leaving Coinbase after serving as the firm’s head of exchange and markets for nearly three years, a position he took up in...

With Ethereum’s long-awaited Shapella upgrade just around the corner, it seems very few network users plan to put the protocol change to immediate use.  Data from IntoTheBlock shows that just 0.6% of Ethereum validators are planning to withdraw their stake after the hard fork.  As tweeted by the market intelligence provider on Tuesday, just 3,614 out of 562,717 Ethereum validators had chosen to withdraw their stake as of April 10.  Meanwhile, the upgrade rolls out at block...

XRP is one of the handful of crypto-assets that has outperformed Bitcoin in the latest market-wide rally. Traders are placing their bets on a potential victory for the blockchain firm Ripple’s multi-year legal battle against the US Securities and Exchange Commission (SEC), with a ruling expected in April. In the past two weeks alone, XRP was up by 40%. XRP’s Retail-Driven Rally According to the latest report by Kaiko, XRP trading activity has been heavily concentrated on...

Cihan Tuna Arslan is a world traveler, educator, and engineer, and at the heart of all his journeys has been cryptocurrency. Cihan Tuna Arslan on the Power of Crypto In a recent discussion, Arslan talked about his love for the space and said: Cryptocurrency is not money as it is known, but encrypted digital assets that are not dependent on any central authority and have a limited supply. This makes it a world-changing invention in creating a free and reliable money...

After a lengthy period of uncertainty, Bitcoin’s price has finally managed to break through a critical technical resistance level. This has led some investors to question whether the bear market has finally come to an end or if this recent rally is just a bull trap, a temporary rise in price. Technical Analysis By Shayan The Daily Chart Bitcoin has reached a significant and decisive resistance region of $30K, bringing back the bullish sentiment in the market. Now that the...

MicroStrategy’s massive bitcoin investment has finally generated some paper profits for the business intelligence giant after the asset spiked above $30,000 for the first time since June 2022. The firm started its accumulation spree in the summer of 2020, spending around $4.17 billion to purchase a stash of 140,000 BTC. At the moment of writing these lines, the investment is finally in the green, at least on paper. Finally in the Green Bitcoin’s recent price surge beyond the...

The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a...