Markets

Flori Marquez – Co-Founder of the cryptocurrency custodian BlockFi – expects FOMO to be the main factor, which will drive digital asset adoption in the next year. She concluded that the other two elements will be the talent shifting from traditional industries to the crypto sector and regulatory clarity. FOMO Will Be a ‘Huge Driver’ In a recent interview for Yahoo Finance, Flori Marquez – Co-Founder at BlockFi and Senior Vice President of Operations – opined that the digital...

Stellar lumen price is attempting a recovery from the $0.2500 zone against the US Dollar. XLM price is now trading above $0.2650 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.2600 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 bearish zone below $0.2800 against the US Dollar, similar to...

Ripple price started a fresh increase from the $0.78 support zone against the US dollar. The price is now trading above $0.90 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.8290 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if there is a clear break above the $0.920 resistance. Ripple price is gaining pace above $0.900 against the US Dollar,...

Following another sub-$46,000 dip, bitcoin has bounced off and currently sits above $47,000. The altcoins are also slightly in the green, with Terra outperforming the rest after a substantial double-digit surge. LUNA Surpasses DOT The altcoins have suffered quite a lot since the start of December, and especially since the massive crash two weeks ago. Ethereum went from nearly $4,700 to $3,500 in a day, and even though it has recovered a lot of ground since then, it still...

According to Reuters, the Russian central bank wants to ban investments in cryptocurrencies in the country. Following the bearish news, Bitcoin’s price fell to near $48.5k in the spot market. In the options market the last 48 hours, many options traders sold Calls and bought Puts to hedge for the near-term expiries. Multi expiry skew shows that traders seek downside protection. It seems that they are not optimistic about the rally in 2021: Technical Analysis On a daily...

Bitcoin hasn’t been doing all that well as of late. The world’s number one digital currency by market cap has seemingly dropped below $50,000 and has stayed there for the past two weeks or so, but while BTC has struggled in the past, the Bank of England has issued a statement explaining BTC has the potential to become “worthless” in the future. The Bank of England Expresses Crypto Concern In New Report In a recent report published by the financial institution, executives...

Bitcoin’s adverse price movements continued in the past 24 hours, and the asset fell to a two-week low of $45,500. Most altcoins also suffered, with the apparent exception of Avalanche, which has soared by nearly 10% on a daily scale. Bitcoin’s 14-Day Low It was just two days ago when the US Federal Reserve said it will leave the interest rates unchanged, which caused a substantial price surge for bitcoin. The cryptocurrency traded at $46,500 and skyrocketed to $49,500 in...

StreamLive is working on a blockchain-based streaming platform — a unique idea, initially unheard of. This streaming platform will help provide users with a faster and better streaming platform. The generation today, as many would say, has witnessed the smooth transition from traditional and old school media towards an innovative digital transformation. Millennials and Gen Z, have all taken part in pushing the digital era to its peak — for the market to reach technical...

In an official announcement, the company noted that it has confidentially submitted a Form S-1 with the United States Securities and Exchange Commission (SEC). Reddit Commences Plans to go Public Reddit did not disclose any further information about the proceedings but stated that it had started the paperwork with the SEC regarding its intended IPO next year. The company noted that it has refrained from sharing more details about its public offering due to regulatory...

Another seven days have passed and, unfortunately, they weren’t any better than the week before. Traditional and cryptocurrency markets are tumbling, despite the US Federal Reserve leaving rates unchanged and increasing the country’s debt ceiling by $2.5 trillion. Bitcoin was headed well into the green last weekend when the price surpassed $50,000 on Sunday. This gave the community some relief and also brought hope that it’s time for a recovery rally. Bears had a mind of...