Markets

Investors have reverted to tech stocks. Tech giants Apple and Amazon have seen a rise of over 15% in the past month, The S&P 500 reached a new record on Wednesday. The stock market index gained 0.34% to achieve an all-time high of 4,358.13. This has largely been attributed to investors’ returning to their usual tech stocks.Meanwhile, the Dow Jones Industrial Average climbed 104.42 points (0.30%) to 34,681.79 and the Nasdaq Composite relatively nominal (by comparison) 1.42 to reach...

Litecoin price failed to continue above the $150 resistance zone against the US Dollar. LTC price is now trading below $140 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $136 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $132 and $130 support levels in the near term. Litecoin price is slowly gaining pace below $140 against the US...

Coinbase is arguably one of the largest and most popular cryptocurrency exchanges in the western hemisphere. The company has become the first and only crypto exchange as of late to be listed publicly, and it is estimated that the firm has a valuation of approximately $70 billion or more. However, it looks like the company is experiencing some solid competition in the form of bitcoin payments firm Strike. Strike Is Bringing the Heat to Coinbase Over the years, Coinbase –...

Bitcoin price is consolidating in a range below the $35,000 resistance against the US Dollar. The price is now trading near the $34,250 zone and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $35,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a major increase if there is a clear break above the $35,000 resistance. Bitcoin price is recovering higher above...

Guests of the Pavilions Hotels & Resorts can now pay for their accommodation with over 40 cryptocurrencies, including BTC and ETH. The service will be available from today – July 7th. An Exotic Adventure in Exchange for Crypto According to a recent press release, The Pavilions Hotels & Resorts partnered up with the cryptocurrency trading platform Coindirect to provide its clients the option of digital asset payments. The hotel group guests can choose among more than...

Global Investment firm, Goldman Sachs, says Ethereum presently assumes the greatest ‘potential’ as a sought-after platform which can overtake Bitcoin. Leading Global Investment and Banking firm Goldman Sachs Group Inc (NYSE: GS) has expressed its adulation for the Ethereum Blockchain, indicating ETH has what it takes to beat Bitcoin as the commanding digital store of value.Following an exposition in the Business Insider, Goldman projects a much more impressive growth for Ethereum that could...

The fintech giant will list itself on London Stock Exchange in a Spotify style listing marking the first tech company to seek a direct listing in London.Fintech Wise, which is a UK-based tech company, will be going public this week on London Stock Exchange in a direct listing style that was usually opted by Spotify Technology SA (NYSE: SPOT) in the US a few years ago. The company has updated their prospectus stating the first trades will begin at 11:22 London time to initiate further...

Tron price started a decent increase above the $0.0600 zone against the US Dollar. TRX price is now trading well above $0.0620, but it is below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0670 on the 4-hours chart (data feed via Bitfinex). The pair is likely to start a decent increase above the $0.0680 and $0.0700 resistance levels. TRON price is now showing positive signs above $0.0600 against the US...

VDollar seeks to venture into the crypto industry at a time when global adoption is on the rise.VDollar Exchange Ltd is coming up under the market statement, “Mining is Trading”. The Colorado-registered crypto exchange allows users to trade cryptocurrencies. Simultaneously, 100% of transaction fees generated are placed into the USDT Reserve Pool belonging to all token holders. The on-chain address of the USDT Reserve Pool will be published for transparency and verification.According to...

Mashinsky says Bitcoin is best held as a store of value, while Ether’s primary use is yield farming.  Bitcoin, the world’s leading digital asset, has begun to lose its market dominance to Ethereum, this view was shared recently by the CEO of Celsius Network Alex Mashinsky during a recent interview with Kitco News.Per data from Coinmarketcap, Bitcoin’s market dominance stands at around 44% while that of Ethereum has risen to approximately 19%. ETH Is Already Flipping BTCAccording to...