Markets

As the valuation of cryptocurrencies wanes across the board, so do the revenues of platforms dealing with them. Although primarily a stock trading platform, Robinhood added crypto to its portfolio back in early 2022. At the time, over 1.2 million people were on the waiting list to get a piece of the digital asset pie. Unfortunately, the crypto market took a tumble shortly after – and the company’s revenues did too. Stocks Are Up, Crypto Is Down According to Robinhood’s...

Fidelity –  a $4.5 trillion asset manager– said this fall that some of its 401(k) retirement plans have begun adding Bitcoin to their investment menus. Similarly, San Francisco-based 401(k) provider ForUsAll said that 50 of its 550 clients started letting workers put their retirement savings in Bitcoin and Ethereum about eight weeks ago.  Here’s what market participants have to say about the emerging trend. Crypto for Retirement: Is it Popular? When Fidelity first announced...

Bitcoin’s short-term price action is still hanging in the balance, as it is currently consolidating in a key area. The next few days could determine whether the recent rally was really the beginning of a new bull market or just another bull trap. Technical Analysis By: Edris The Daily Chart On the daily timeframe, after breaking above the long-term bearish trendline and retesting both the trendline and $18K, the price has been trapped between two significant dynamic levels;...

[PRESS RELEASE – Please Read Disclaimer] Wafini, a community-driven DAO-powered decentralized NFT Marketplace project on Cardano, is set to release it’s initial first look of the Wafini Marketplace Demo in the coming weeks which will be followed up by Wafini’s beta launch on Cardano’s Mainnet. Wafini’s $WFI token Seed Sale saw a surge in demand as almost 30% of its allotted tokens has been scooped up by early participants, despite the bearish market sentiments, the Wafini...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

EOS price rallied and was able to clear the $1.12 resistance against the US Dollar. The price is now trading above $1.12 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.122 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $1.18 and $1.20 resistance levels. EOS price is rising above $1.12 against the US Dollar, similar to bitcoin. The price...

Litecoin started a strong increase above $55 against the US Dollar. LTC price is now trading above $55 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance at $56.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $65 resistance zone. Litecoin price is rising steadily above $60 against the US Dollar, similar to bitcoin. LTC price could...

The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting.   As usual, Bitcoin experienced volatility upon the announcement, immediately soaring by over $200. The announcement, which happened at 18:00 UST on Wednesday, marks a new policy rate of 3.75% Markets expected a 75-point rise prior to the meeting but had priced in a roughly 10% chance of a 50-point rise. ...

Kathleen Breitman – Chief Executive Officer of the blockchain platform Tezos – thinks the ongoing cryptocurrency bear market is nowhere near its end. However, she believes a “small minority” of useful crypto applications will survive the challenging times and “thrive” in the future. The End of the Crypto Winter not Close Despite the recent revival of the cryptocurrency market, Breitman argued that the sector is far from starting a new bull run. In her view, enthusiasm and...

Paul Tudor Jones – who at one point was a major bitcoin and crypto fanatic – says he’s beginning to back away from more bitcoin buys, and he recommends other people do the same until the market can clear itself up somewhat. Jones Calms His Love for BTC Right now, his sentiment is that bitcoin and other forms of crypto are proving too volatile to be taken as seriously as they were last year given their prices have taken serious dives over the last several months. In a...