Markets

The cryptocurrency market continues to decline as Bitcoin’s price dipped below $57K, while Ethereum reached as low as $3,950 on Binance. This left around $120 million liquidated in just an hour. The bitcoin price is now down 5% in the past 24 hours and 12% in the past week as it dipped below $57K moments ago. This is the lowest BTC has been trading at since October 28th. Chart by TradingViewIn the meantime, Ethereum’s price also took a beating as it dipped below $4K and...

Aladdin Exchange has made it easier for the general public to dive into crypto trading by introducing demo trading. Coming soon on its platform, Aladdin’s Demo Trading, a user can enjoy a free demo account without making a deposit, providing a risk-free trading experience. Aladdin’s Demo Trading will act as a training ground for new traders. It will simulate the market environment with the goal to replicate ‘real’ trading as closely as possible. It will also give users...

Grayscale’s parent company has announced that it has increased its credit facility by $600 million through a debt capital raise. The company plans to utilize the funds in order to enhance its investments in its wholly-owned subsidiaries. Digital Currency Group (DCG) announced the news earlier on November 18th, indicating that Elbridge served as administrative agent of the credit facility. The event also saw the participation of a syndicate of institutional lenders and funds...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 The market is thirsty for discounts, and XRP was not spared. After the drop from $1.2, the cryptocurrency found good support at $1. However, the bears do not seem satisfied, and they are attempting another push lower at the time of this writing. Should they be successful, the bulls have another line of defense at $0.96. Chart by TradingViewTechnical Indicators Trading Volume: The volume has remained considerable since...

EOS price started a downside correction from the $5.50 resistance against the US Dollar. The price is now trading below $4.50 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $4.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could move down further if there is a downside break below the $4.10 support. EOS price is showing bearish signs below $4.50 against the US Dollar, similar to...

Litecoin price started a fresh decline from the $280 resistance against the US Dollar. LTC price is now trading below $250 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $255 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could extend losses if there is a break below the $220 support zone. Litecoin price is moving lower and trading below $240 against the US Dollar, similar to...

DeFi trading platform Injective Protocol is launching its mainnet after rolling out a $120 million incentive program for traders, market makers, and DeFi projects, the protocol announced this Tuesday. First DeFi Cross-Chain Derivatives Markets As per the press release, Injective Protocol is set to launch the world’s first DeFi derivatives markets using the IBC Oracle, the popular Cosmos-based third-party service that will provide access to external, off-chain data. For now,...

The cryptocurrency market has been fighting a dangerous typhoon recently. Bitcoin (BTC) decreased considerably on Nov. 15 and followed it up with an even sharper fall on Nov 16. BTC has been moving downwards since reaching an all-time high price of $69,000 on Nov 10. According to sources, this is the second-largest liquidation event in history with the price of BTC plummeting from its 24-hour high of $66,359.45 to $60,588.18. Meanwhile, the second most valued asset...

[PRESS RELEASE – Please Read Disclaimer] Application for issuing and authentication of documents has already been recognized by partners at home and abroad, with upcoming expansion into the market of the Arabian gulf. Croatian startup Blockademia, an innovative solution that aims to end falsified documents, closed the private sale with 2.25 million euros of raised funds. Blockademia dApp, built on Cardano blockchain technology, allows issuing and authentication of documents...

Changpeng Zhao (CZ), the CEO of the world’s biggest cryptocurrency exchange, Binance, has revealed that he has a personal stash of bitcoin in his investment portfolio. CZ Bought Bitcoin in 2014 Speaking in a recent interview with the Associated Press, CZ noted that although a significant percentage of his net worth is made up of his Binance Coin (BNB) holdings, he still has some BTC that he purchased a few years after Bitcoin’s launch. The Binance boss admitted that he had...