Markets

INTERNET CITY, DUBAI, Dec. 20, 2021 – LBank Exchange, a global digital asset trading platform, will list Front Row (FRR) token on December 21, 2021. For all users of LBank Exchange, the FRR/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on December 21, 2021. The Non-Fungible Token (NFT) market has been growing exponentially in recent years, and numerous NFT platforms have emerged with various unique features. As a next-generation NFT...

Michael Saylor – the CEO of software giant MicroStrategy – has commented that bitcoin doesn’t need help from people like Warren Buffett to really be successful. Warren Buffett On Bitcoin… It Ain’t Good In the past, Buffett – the CEO of real estate company Berkshire Hathaway – has been rather dismissive of bitcoin, comparing it to a button on his shirt and even calling it “rat poison squared” at one point. No doubt the man has a serious hate for the world’s number one...

All markets are having a hard time during Monday’s trading session and Bitcoin is no exception. The cryptocurrency is down just shy of 2 percent in the past 24 hours while altcoins are mostly in red. Option Market Analysis The rising cases of the highly transmissible Omicron caused fear in all markets. Investors are worried about lockdowns which may have negative effects on the economy. In the options market, Short-dated implied volatility also increased accordingly to fear....

Key Support levels: $1.2, $1 Key Resistance level: $1.3, $1.5 ADA is currently retesting the support at $1.2, which has to hold. Otherwise, the next key support level will be found at $1. The resistance at $1.3 has not been tested for over a week, indicating a lot of weakness on the bull side. Pressure is mounting, and any slip lower can end up in a significant drop, particularly when there is a lot of fear in the market. Chart by TradingViewTechnical Indicators Trading...

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...