Markets

Christine A. Parlour is the Sylvan C. Coleman chair at UC Berkeley’s Haas School of Business. She has taught investing courses for years and has recently introduced crypto into some of her courses to help students better understand this risky yet growing industry. Christine Parlour Discusses the Crypto Market In a recent interview, Parlour offered some thoughts on the significance of crypto and how it can potentially change the world of finance. She says: Over time, as...

XRP is approaching a key support level after losing most of the gains from last week. Key Support levels: $0.75 Key Resistance level: $0.89, $1 XRP broke below the critical level at $0.89 on Tuesday when most of the crypto market took a downturn, as Bitcoin plunged below $50K. Now, the key level – $0.89 – has immediately turned into key resistance. On the other hand, the next support is lies at $0.75. As long the overall market sentiment remains bearish, XRP is likely to...

Non-Fungible Tokens (NFTs) are becoming an essential part of the digital landscape. They are unique and non-interchangeable crypto assets issued on the blockchain, and the most popular ones are on Ethereum and Solana. As of 2022, their market has grown from $350 million to roughly $15 billion in just one year. Quick Navigation Unlike standard tokens, NFTs are non-interchangeable. They serve as digital representations of items, such as artworks, images, videos, or anything...

Key Support levels: $26 Key Resistance level: $33 DOT had a fantastic rally last week when the price increased by 40%. However, this week, DOT’s rally ended when the resistance at $33 rejected the price from moving higher. Today, the correction continued, and DOT has fallen under $30. The current support is found at $26. Chart by TradingViewTechnical Indicators Trading Volume: Sustained volume both during the uptrend and the current downtrend. This shows that market...

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Bitcoin price started a fresh decline from well above $51,000 against the US Dollar. The price is now trading below $50,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $50,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could decline heavily if there is a clear move below the $47,100 support zone. Bitcoin price is trading below $50,000 against the US Dollar. BTC might...

After the price topped at $52K on Monday, Bitcoin had lost over $4000 in just a day. Is BTC entering a deeper correction, or where is the local bottom? Technical Analysis Short-Term Analysis Last week the bitcoin price broke above a mid-term descending trend line on the 4-hour timeframe. After completing a pullback, the price increased again and touched $52k resistance (Monday). However, the market did not have enough momentum to continue the rally (low volume), and the bears...

Michael Saylor – the CEO of MicroStrategy, the famed software company that has been one of bitcoin’s biggest institutional fans for more than a year – revealed that he has a huge personal bitcoin stash nearing $900 million. MicroStrategy and Michael Saylor Are the BTC Kings MicroStrategy first made headlines in August of 2020. The company purchased approximately $250 million in bitcoin, the world’s number one digital currency by market cap. This was at a time when BTC...

DeBank – a crypto wallet for tracking decentralized finance applications – recently closed a multi-million dollar funding round led by fintech venture capitalist firm Sequoia China. This brings the defi wallet’s valuation to over $200 million. Debank announced its newly acquired funds in a tweet on Tuesday. Other companies that contributed to the funding round include Dragonfly, Yuobi, and Hash Global. It also featured “strategic investments” from various popular crypto...

The CEO of FTX – Sam Bankman-Fried (SBF) – came out with a long Twitter thread to outline some of the hurdles in front of the cryptocurrency industry and how to potentially handle them in the following years. Before diving into some of the challenges, SBF outlined what the industry has already achieved. Namely, these include a solid userbase, smart contracts, numerous potential use cases, the beginning of scaling solutions, as well as “an enormous amount of attention.” Yet,...