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Virgin Galactic Stock Down 11% Yesterday as Cathie Wood’s Space Exploration ETF Sells Almost All of Its SPCE Shares

SPCE stock has now lost over 50% of its value since ARKX began trading back in the latter stages of March when it debuted on the market with a total stake of almost 672,000 shares of Virgin Galactic which was worth $20 million at that time.Virgin Galactic Holdings Inc (NYSE: SPCE) shares took a hit in Wednesday’s trading after news broke that Ark Invest’s space exploration ETF sold almost its entire remaining stake in the American Spaceflight company, on a day the stock market mostly saw red....

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Mark Yusko Sees BTC Reaching $250K By 2026

Granted bitcoin moves up towards gold’s market cap, Mark Yusko of Morgan Creek Capital Management fame believes that the world’s number one digital currency could shoot up to about $250,000 per unit within the next five years. Mark Yusko: $250,000 for BTC in This Decade In a recent interview, Yusko commented that many investors were not giving bitcoin its due and “underestimating” its ability to move about and serve a higher purpose in the world of finance. He says it is...

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‘Our Goal Is to Become the Next Generation Mobile Crypto Bank,’ Says CMO & Co-founder of Mineplex Banking

The cryptocurrency bank Mineplex is one of the first in the market to launch crypto processing services that has already gained popularity among not users not only from Europe but also from CIS countries. It is because the bank founders deeply examined the market needs and offered a solution that significantly simplifies the usage of cryptocurrencies even for those who are making the first steps in this arena. Convenient, user-friendly, and most importantly, secure...

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Crypto Market Cap Climbs above $2.5 Trillion Again as Ethereum Hits $500 Billion Capitalization

Ethereum has been one of the best-performing digital assets this year. The digital coin’s year-to-date gains are over 480% and despite its slight slide, its value is up by 65% over the last 30 days and 7.4% in the last 24 hours. The crypto coin market has now surpassed $2.5 trillion in total market cap as many digital coins continue to put up impressive performances this year. The total market cap of crypto assets over the last 48 hours has seen a rise of $228.13 billion and now stands at...

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US Stock Market Remains Volatile Along with Technology Shares Bouncing Back

After a sharp correction earlier on Tuesday, shares of Big Tech made a good recovery by the end of the trading session. The fears of inflation continue to hover over the market. On Tuesday, May 11, it was quite a volatile session for the US stock market with Nasdaq (INDEXNASDAQ: .IXIC) and Dow Jones (INDEXDJX: .DJI) staying under pressure. Earlier in the day, tech-heavy Nasdaq was under pressure amid rising concerns of inflation & high valuations. the selling, however, was visible...

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eBay Enters NFT Game: Allows Sale of NFTs on Its Platform

Jordan Sweetnam, Senior vice VP and General Manager for eBay’s North America Market, revealed that eBay will also add new capabilities that bring blockchain-driven collectables to the platform. E-commerce platform eBay on Tuesday allowed the sale of non-fungible tokens (NFTs). This comes after eBay CEO Jamie Iannone’s May 3 interview with CNBC revealing that the platform was considering adding crypto as a mode of payment. The move makes eBay the first e-commerce firm to delve into the...

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Tron (TRX) Price Analysis: Bulls Aim Fresh Rally Above $0.15

Tron price found support near $0.1200 and it is now correcting higher against the US Dollar. TRX price is now trading above the $0.1350 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1400 on the 4-hours chart (data feed via Bitfinex). The pair could extend its rally after there is a clear break above the $0.1500 barrier. TRON price is showing positive signs above $0.1350 against the US...

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Bitcoin Price Analysis: BTC Eyes Fresh Rally To $60K

Bitcoin price started a fresh increase after testing the $54,000 support against the US Dollar. The price is now trading above $55,000, and it is testing the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $54,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a fresh rally if it clears the $57,500 resistance zone in the near term. Bitcoin price is attempting an upside break...

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Balancer V2 is Live Promising Lower Fees and Improved Experience

The automatic market maker (AMM) running on top of Ethereum, Balancer, announced that Version 2 of its platform is already live. It promises lower gas costs, a redesigned interface, and an enhanced user experience. Balancer V2 Arrives Built on Ethereum, Balancer is a DeFi protocol enabling users to trade ether and ERC-20 tokens in a trustless, permissionless environment. By providing liquidity to a Balancer pool, they can also earn a portion of the trading fees paid to the...

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Cardano (ADA) Price Analysis: Uptrend Intact Above $1.5

ADA price started a fresh rally above the $1.500 resistance zone against the US Dollar. The price is now trading well above $1.500 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.500 on the 4-hours chart (data feed via Bitfinex). The price could correct further lower, but the bulls are likely to remain active near $1.550 and $1.500. Cardano price is correcting gains from well above $1.800 against the US...

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