Markets

The BTC fund flow towards exchanges has been gradually declining in recent weeks, while the number of tokens transferred has registered a sudden spike, revealed on-chain data. As such, CryptoQuant’s CEO indicated that larger players have become active again with numerous OTC deals. BTC OTC Deals On The Rise Apart from digital assets changing hands on cryptocurrency exchanges, over-the-counter (OTC) financial markets enable investors, typically such using more substantial...

British oil company BP rakes in profit in recent quarterly earnings as oil market recovers from pressure exerted by the pandemic.Oil Giant BP Increases Dividend in Q2 Report Earnings, Plans $1.4 Billion BuybackBP (LON: BP) announced its Q2 earnings to shareholders, with figures higher than expected. The oil and gas plant accrued a cash surplus of $2.4 billion in the first half of the year, owing mainly to a recovering oil market. Dividends rose by 4% to 5.46 cents per share from 5.25 cents...

GT will also open a global partner recruitment plan, looking for partners in integrated shopping platforms, clothing brands, travel, hotels, catering, virtual gifts, game assets, real estate purchases, medical services.According to an official announcement, Gate.io opened its doors on July 31 to announce the GT burn situation in the second quarter (Q2). The data shows that the second quarter of 2021 benefited from the influence of the blockchain industry’s big market ,the number of users and...

ADA price is struggling to clear the $1.40 resistance against the US Dollar. The price is now testing the $1.30 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.30 on the 4-hours chart (data feed via Bitfinex). The price could extend its decline, but the bulls might protect the $1.20 and $1.15 support levels. Cardano price is facing an uphill task near $1.40 against the US Dollar, similar to bitcoin. ADA...

Ethereum price extended its increase above the $2,500 resistance against the US Dollar. ETH price is now trading well above $2,400 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,520 on the 4-hours chart (data feed from Coinbase). The pair is consolidating gains and it might start a fresh increase above $2,600. Ethereum price is showing positive signs above $2,400 against the US Dollar. ETH/USD must stay above...

The American payments processor – PayPal – will reportedly expand its digital asset endeavors by building a designated cryptocurrency team in Ireland. The firm appears to be ready to broaden its scope to other countries, too. PayPal Advances in Ireland According to the local media Independent, PayPal is looking to assemble a new team highlighting the company’s ambitions to deeply embrace the digital asset market. The future employees will fill crypto-focused roles in...

Russia remains one of the most prospective and controversial markets for cryptocurrencies development. On the one hand, Russians show an active interest in bitcoin and other digital coins. On the other hand, the immaturity of the cryptocurrency regulations restrains the development of the market by making crypto businesses register legal entities under other jurisdictions. As a result, the budget is missing millions of rubles from these businesses’ taxes yearly. Will...

In recent months, the NFT market has witnessed significant growth in the number of investors getting on board, allowing artists and art enthusiasts to gain access to the global digital art market. Although non-fungible tokens are a relatively new asset class in the crypto space, they have continued to outlive the hype as millions of dollars are being poured into the market daily. OpenSea’s Trading Volume Hits Record High Over the last 48 hours, trade volume on OpenSea, the...

XRP/USD – XRP Struggles With 200-day MA Resistance Key Support Levels: $0.71, $0.667, $0.638.Key Resistance Levels: $0.781, $0.828, $0.89. This week’s 21.5% surge for XRP saw the coin climb above the 20-day MA around $0.6 to reach the current $0.74 level. It broke above a descending wedge formation over the past fortnight and started to surge inside an ascending price channel. The price channel allowed XRP to break the 50-day MA last week, but the coin is now struggling to...

After the false breakdown below $30k and the subsequent recovery, BTC continued higher, closing the week up 12.45%. Overall, price action has been bullish, as the cryptocurrency pushed above the 50-day MA and hit an intra-week high above the top of the trading range at $42.6k. Chart by TradingViewIt’s important to note that BTC has printed 10 consecutive green daily candles, is extremely overbought and overextended on the 4-hour and daily chart. With near-term overbought...