Markets

GameStop is getting more involved in the cryptocurrency and non-fungible token (NFT) spaces. According to many mainstream sources, the company has developed a team of approximately 20 individuals at the time of writing to establish a whole new market designed for selling virtual items, which may include in-game tokens and cosmetic skins. GameStop Is Getting More Involved in Crypto NFTs have become one of the biggest trends in the digital asset space. Now valued at...

The cryptocurrency space is no longer the wild wild west of finance. Less than a couple of years ago, institutions were wary of entering, mainly because many of the projects were in a proof-of-concept stage, while the broader outsider perception of crypto was that it was used mostly for illicit transactions. And while the industry has managed to disprove a lot of the above, there’s still a lot of fraud going on in the cryptocurrency space. That’s not exclusive, of course,...

According to a recent survey, the vast majority of JPMorgan customers do not expect bitcoin to reach $100,000 in the following 12 months. Still, more than 40% of the participants expect the asset to sit at around $60,000 by the year’s end. JPMorgan Clients Do Not Expect BTC at $100K This Year The largest cryptocurrency by market capitalization did not manage to climb to the often-touted milestone of $100,000 last year despite numerous predictions from experts and analysts. In...

ADA price started a fresh decline from the $1.35 resistance against the US Dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.165 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase if it manages to clear the $1.20 resistance zone. Cardano price is struggling below the $1.20 resistance against the US Dollar, unlike bitcoin. ADA price...

Ethereum price started a fresh decline from the $3,250 resistance against the US Dollar. ETH price is now trading well below $3,500 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $3,150 on the 4-hours chart (data feed from Coinbase). The pair could start a steady upward move if there is a move above the $3,200 level. Ethereum price is struggling below $3,200 against the US Dollar. ETH/USD remains at a risk of a...

The countdown to the official listing of DhabiCoin (DBC) has started on six exchanges, three of them already at launch. In nine months of the ICO phase, DhabiCoin accomplished a feat never seen before in the crypto-actives market, overcoming the market’s distrust and becoming one of the main bets for this year of 2022. Check out the main gains of the project, advances achieved and expectations for after launch. Take advantage of the fact that you still have time to...

2022 has not started off well for most cryptocurrency traders. At the time of writing, bitcoin – the world’s number one digital currency by market cap – as well as many of its altcoin cousins are experiencing bearish activity that has seen them endure some of their biggest price drops in months. Bitcoin and Other Assets Are Experiencing Heavy Dips Bitcoin, for example, is presently trading for around $43,000 per unit. This is about $25,000 less than the all-time high it...

For the first time since September, Bitcoin dipped below the $40K mark. From the bullish side, the dip was quickly bought, but on the other hand, Bitcoin is still shaky and still at risk of losing the coveted mark. Options Market Analysis By @N_E_D_A After a large options expiry event at the end of 2021, Max Pain jumped to $55K. These days, the selling pressure of the spot market pushed BTC to plunge and then temporarily lose the $40k as support (as of now). Bitcoin is now...

Stellar lumen price declined heavily below the $0.2800 support zone against the US Dollar. XLM price is now trading below $0.2800 and the 55 simple moving average (4-hours). There was a break above a declining channel with resistance near $0.2588 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2800. Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.8650 zone against the US dollar. The price is now trading below $0.8000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.7800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it stays below the $0.8000 resistance. Ripple price is struggling below $0.800 against the US Dollar, like bitcoin. XRP price...