Markets

According to reports, the Bitcoin network consumes approximately 115 terawatt-hours of energy every year, a figure higher than what most of the world’s countries use annually.Iris Energy Pty, a sustainable Bitcoin mining firm has jumped to the defense of BTC, stating that the biggest cryptocurrency will stand tall amid the recent environmental concerns with regards to its mining. Daniel Roberts, co-founder of Iris Energy Pty in an interview backed Bitcoin, stating that its environment and...

This article provides an incite into the expected market activity for the Memorial Day 2021. To those keeping track of the United States’ stock market, it is pertinent to get a view of the market activities per the hours opened today. In retrospect, the US markets are usually closed for any form of trading on national public holidays, and this year’s Memorial Day is not an exception.Memorial Day is a public holiday dedicated to celebrating Army officials who died while serving in the United...

Chia coin price went up as Sabrent unveiled new plotting options which will potentially improve hard disk resilience and help plotter better manage the damage attributed to XCH mining.American technology company, Sabrent has unveiled a new plotting option, the Plotripper Plotting SSD that will likely prevent any further slide in the Chia coin price and aid market acquiescence of the coin. The development comes at a time when concerns were at an all high as to the sustainability of the Chia...

Hsu described the cryptocurrency space as a fast-growing market with numerous innovations and added that a failure to begin acting now will only make policing harder in the future.Michael Hsu, the Acting Comptroller of the Currency, has asked US regulators to collaborate and establish a “regulatory perimeter” for digital assets and cryptocurrencies. Hsu, in an interview, revealed that US regulators plan to take a more active role in policies regarding digital assets and cryptocurrencies,...

Stellar lumen price struggled to clear the $0.5000 resistance zone against the US Dollar. XLM price is now trading below $0.4000 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $0.3740 on the 4-hours chart (data feed via Kraken). The pair is likely to extend its decline as long as it is below the $0.4000 pivot level. Stellar lumen price is facing hurdles near $0.4000 and $0.5000 against the US Dollar, similar to...

Ripple price is struggling to climb above the $0.95 and $1.05 resistance levels against the US dollar. The price is now trading well below $1.00 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near the $0.9240 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its decline as long as it is below the $1.05 resistance zone. Ripple price is trading in a bearish zone below $1.00...

Bitcoin is continuing to tank hard. After falling into the high $30,000 range (between $37K and $38K), the asset has dumped another $3,000 and is now trading for about $35,000 per unit. Thus, the currency has lost about $29,000 overall from its recent all-time high of $64,000, which was attained last April. Bitcoin Tanks Again It is estimated that the world’s number one digital currency by market cap has lost about ten percent of its overall value over the past 24 hours. This represents a...

Following yet another day of high volatility in which the bears had initial control, bitcoin has recovered roughly $3,000 of value from the current 7-day low recorded on Saturday. The altcoins followed suit with similar dips as the market cap had lost about $200 billion at one point. Just like the weekend before, this ongoing weekend is not disappointing in terms of volatility and price fluctuations. Bitcoin Recovers From Yet Another Dip It’s safe to say that the primary...

Andrew Dawood started out as a simple flight attendant, but his savvy investing has made him a millionaire, and he has things like bitcoin and GameStop shares to thank. Andrew Dawood Is Reaching for the Top Born in Egypt, Dawood relocated to Dubai in the United Arab Emirates with about $50,000 to his name. A solid amount for someone so young, but he was ready to make his move and turn that small fortune into a big fortune. Naturally, he turned his attention to bitcoin,...

Bitcoins on derivatives exchanges are at their highest level since May 19, signaling a volatile weekend ahead. Historically, derivatives exchanges like Binance Futures, BitFinex, and BitMEX are able to create massive price movements (a single entity or group of entities can create huge swings using a relatively low number of coins) thanks to the provision of massive amounts of leverage. These exchanges allow margin trading of even over 100X leverage. Bitcoin had already seen...