Markets

Catherine Wood, CEO of Ark Management, predicts that “Elon will come back and be part of [the Bitcoin] ecosystem”.Bitcoin (BTC) reached its all-time high in value of $64,804.72 in April 2021. However, few could have foreseen a -17.8% downward spiral in value just over the past week. BTC saw an accumulated loss of over $500 billion in market capitalization, accelerated by the statement coming from Tesla CEO Elon Musk regarding the suspension of BTC as payments for car purchases, owing to...

It appears that Chinese authorities are doubling down on their reiterations of the previous crackdown on cryptocurrencies. The latest stark warning comes from the State Council of China. According to a report issued today, the Financial Stability and Development Committee of the State Council of China held a meeting, pointing out that “the financial system resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, increased...

Microsoft’s deal with Hanshow is its latest attempt to grab a piece of the booming retail industry.MSFT stock has slightly appreciated after Microsoft’s China arm entered into a strategic partnership with Hanshow, a Chinese retail tech company to collaborate on cloud-based software for store operators worldwide. Microsoft Corp‘s (NASDAQ: MSFT) announcement on Thursday saw its stock close at $246.48 at 4:00 EDT after opening at $243.96. At the time of writing in the pre-market, MSFT stock is...

After establishing itself as a futuristic internet infrastructure, Dfinity’s ICP project has attracted a huge global community.After closing yesterday trading at $222.14, representing a change of over 34% during the day, Dfinity’s ICP price was down over 11% at the time of reporting and trading around $170 according to Binance-backed Coinmarketcap.ICP has been dubbed the next big innovation after Bitcoin and Ethereum in the entire blockchain industry. This is ostensible because the project is...

Although bitcoin’s price may have tumbled by 40% since its peak, the asset’s popularity and engagements are actually booming. According to recent on-chain data, the number of tweets involving the primary cryptocurrency has spiked to a new all-time high amid and following the latest market crash. Bitcoin Twitter Engagements Through the Roof Jack Dorsey’s social media giant is arguably the most preferred platform for crypto fans, investors, and proponents to engage with each...

This is an excellent year for the cryptocurrency domain. We started strong with a huge rise in value for Bitcoin, then we got into the NFT fever. By the end of this spring, we already had a lot of crypto projects to choose from. Now that you finally joined the crypto area, you may find yourself in a difficult situation – what crypto should you choose for staking? There are a lot of options on the market right now, so it’s not an easy decision.To help you make the right choice, we gathered...

[PRESS RELEASE – Road Town, BYI, 21st May 2021] OpenOcean, the world’s first DeFi & CeFi full aggregator, is expanding its coverage of global markets by providing support for some of the largest languages by the number of speakers and crypto users. OpenOcean users speaking Chinese, Japanese, Spanish, and Russian will be able to enjoy not only the best price with a low fee while swapping on OpenOcean, but also website localization and native support staff for the...

The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a price not seen since January, while the rest of the market followed. Bitcoin Bitcoin is down another 18.5% this week as it trades near $40,900. The cryptocurrency is now down by a total of around 35% from the $64,895 all-time high set in April. BTC saw an extremely volatile week in which prices dropped as low as $30,000 on Wednesday – hitting levels not...

Governments wanting or being able to stop cryptocurrencies is “unrealistic at this point,” noted the former Chairman of the Smithsonian Institution – David Rubenstein. Furthermore, he outlined digital assets’ significant role in the financial industry and predicted that they are not going away. Governments Can’t Stop Crypto With the spectacular growth of the crypto market in the past year or so, numerous experts have broached concerns about a potential ban from world...

ADA/USD – ADA Battling To Stay Above 20-day MA Key Support Levels: $1.66, $1.45, $1.40.Key Resistance Levels: $1.80, $2.00, $2.20. ADA set a new ATH price last weekend as it surged into resistance at $2.52 (1.414 Fib Extension). Unfortunately, it could not continue past this level and ended up rolling over at the start of the week to hit $2.00 by Tuesday. On Wednesday, the BTC market crash called every cryptocurrency to capitulate. During this time, ADA slipped beneath the...