Markets

After a few days of sideways trading, bitcoin fell hard by losing almost $5,000 of value in less than a day. The rest of the market followed suit as Ethereum slumped by $400 to an eight-day low. Bitcoin Dumped to Lowest Level Since May 24th The past few weeks have been somewhat unusual for the primary cryptocurrency. During the previous weekend, BTC dumped beneath $33,500, but it used the workweek to regain all losses. It failed at breaching $40,000, dropped by a few thousand...

ADA price started a fresh decline after it failed to surpass $2.0 against the US Dollar. The price is now trading well below the $1.65 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1.68 on the 4-hours chart (data feed via Bitfinex). The price is declining and it could even slide further below $1.40 in the coming sessions. Cardano price is struggling to hold gains above $1.50 against the US Dollar,...

Bitpanda BEST Token gibt es wieder bereits ab circa 1 Euro. Luft nach oben? Welche Coin kann mittelfristig mehr zulegen, als Bitcoin? Dies ist eine oft gestellte Frage. Viele der sogenannten Bitcoin-Alternativen sind keine gute Wahl. Die meisten davon liefern kein Profit und bergen erst noch ein hohes Risiko. Was bis anhin immer gut lief, sind die Token der Bitcoin-Börsen. Wer hätte gedacht, das die Binance Coin, welche oft so um die 15...

Bitcoin fell by a sharp 10% today as it lost over $5000 over the past 48 hours. The primary cryptocurrency was trading inside a symmetrical triangle pattern since the market capitulation took place in mid-May when BTC fell by 50% from a high of $59,600 to a low of $30,000 in just nine days. Since then, BTC traded inside the consolidation phase for a total of eighteen days until it broke the lower boundary of the triangle yesterday. This can be clearly seen on the following...

Ethereum price failed to surpass $3,000 and started a fresh decline against the US Dollar. ETH price is now trading below $2,600 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $2,780 on the 4-hours chart (data feed from Coinbase). The pair is likely to continue lower towards $2,300 or even $2,000 in the near term. Ethereum price is slowly moving lower below $2,500 against the US Dollar. ETH/USD could extend...

According to MicroStrategy, the bonds will be completely and categorically secured on a senior basis by the company.Enterprise analytics company MicroStrategy (listed as MSTR on Nasdaq) announced on Monday, June 7, 2021, its intention to make available senior secured notes amounting to about $400 million to institutions and buyers who qualify legally via a private offering.The company claimed that the private offering would depend on market conditions. As such, the announcement does not come...

Despite calling them volatile and energy-intensive to use as a means of payment, the Indian tech executive Nandan Nilekani advised the local government to accept cryptocurrencies as an asset class. He opined that the move would boost the country’s economy. Crypto Like a Commodity In a recent interview for the Financial Times, the Indian billionaire Nandan Nilekani – co-founder and chair of Infosys – appealed to the local authorities to embrace cryptocurrencies as an asset...

Seeking to pioneer a change in how various aspects of the crypto market works, Hybrix incorporates a ton of unique features that will see it take over the market.The crypto market albeit worth over $2 trillion can be said to be at its take-off stage. With over 6600 cryptocurrencies actively trading on the market as reported by CoinGecko, there are limitless opportunities for the unprecedented growth of this market.Whilst achievable, a ton of problems plague this market. First, it is almost...

According to the BOE model, large-scale digital currency introduction could shift the direction of the current retail financial sector.The Bank of England (BOE) has publicized its view on the widespread use of digital currency in the financial sector. According to the BOE, deposits received by retail banks could be populated by digital currencies if governments throw in their weight and begin offering them.The BOE created a model of the banking sector to measure possible changes and effects...

Earlier, retail investors have favored meme stocks like GameStop and AMC, however, now NVIDIA (NVDA) and Plug Power (PLUG) are on the radar of analysts.American technology multinational corporation NVIDIA Corporation (NASDAQ: NVDA), and Plug Power Inc (NASDAQ: PLUG), a New York-based firm engaged in the development of hydrogen fuel cell systems have been picked by two analysts as a high risk, high reward stocks. In an interview with CNBC’s “Trading Nation,” Danielle Shay, the Director of...