Markets

Bitcoin price started a fresh increase above the $38,000 resistance against the US Dollar. The price is now trading above the $38,000 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could correct lower, but it is likely to remain well bid near $38,500 and $38,000. Bitcoin price is trading in a bullish zone above...

The American billionaire Tim Draper predicted that bitcoin’s value would reach $250,000 by the end of 2022. He further opined that the primary cryptocurrency would be the core of all financial activities for the next 20-30 years. BTC Is The Future Tim Draper – an American venture capital investor – shared with CNBC his bullish view on BTC’s future value. He forecasted that despite the volatility in the crypto market, the primary digital asset would hit $250,000 by the end of...

Bitcoin price remains volatile with the swing in any direction possible but Draper is confident the overall trend will be bullish in the foreseeable future.Two billionaires with a vested interest in cryptocurrency and decentralized finance have expressed optimism about bullish trends continuing in the future. Tim Draper, a venture capitalist with a substantial but undisclosed amount of Bitcoin, has chosen to stay by his predictions that BTC will reach a price of $250,000 at the end of 2022....

Richard Bernstein, an institutional investor Hall of Famer, sounded a note of caution to investors to beware of dealing with Bitcoin. He finds it ”wild” how the primary cryptocurrency was still very popular in a bear market, while assets like oil have been disregarded in a bull market. The Rush to Own BTC Has Become Dangerous In a recent interview with CNBC, the CEO and CIO of Richard Bernstein Advisors spoke about the increased popularity of Bitcoin and altcoins. He opined...

Amazon streaming hours on Prime Video are up 70% year-over-year and therefore, Luna is expected to positively impact sales.Amazon.com Inc (NASDAQ: AMZN) will make Luna, its game streaming service, available to its Amazon Prime subscribers on Amazon Prime Day (June 21 and 22). This has opened up grounds for added sources of revenue and increased stock valuation for the company.Last September, 37 analysts offered a 12-month share price target of $3,732.29 on average, with forecasted lows and...

Given that bitcoin has endured such a sharp drop, is now the time to buy? This is a question that several renowned financial analysts – including Michael Binger, president of Gradient Investments and Gina Sanchez, CEO of Chantico Global – have been trying to answer. Bitcoin Still Remains Quite Vulnerable to Price Swings Bitcoin initially rose to a new all-time high of approximately $64,000 per unit in mid-April. However, from there, the world’s number one digital...

The Stellar Development Foundation is more focused on building its protocol than the market conditions, said the organization’s Senior Director of Enterprise Ecosystems, Lisa Nestor. In an exclusive interview with CryptoPotato, Nestor also spoke about Stellar’s latest developments. Stellar USDC Accessible Savings Products The blockchain-based network for currencies and payments recently announced a significant milestone achieved by partnering with the payment processor –...

[PRESS RELEASE – Singapore, Singapore, 15th June 2021] After the successful STAK token sale, Lemonade to hold its first IDO launch, DePo on June 17, 2021Lemonade, a DeFi token launchpad governed by the Jigstack DAO, is excited to announce the IDO of DePo. The DePo whitelist process starts June 17, 2021, whereas the public sale final date will be disclosed in the coming days. DePo streamlines the crypto experience for users. It aims to be the first multi-market aggregator in...

[Featured Content] The sector of decentralized finance (DeFi) is undoubtedly one of the hottest topics in the past couple of years. And it can’t be any other way, given the explosive growth of the field. The current value locked in various DeFi protocols exceeds $60 billion. While this may not seem like a tremendous number given the sky-high valuations in the overall crypto market in 2021, the DeFi TVL was less than a billion just a year ago. This highlights the tremendous...

[Featured Content] Blockster, a network for cryptocurrency enthusiasts, will soon be launching with its own native token (BXR) used for advertising and staking on the platform. It’s been over a decade since cryptocurrencies were born, and crypto enthusiasts will stop at nothing to increase their return on investments as the sector grows. However, despite the rapid pace that blockchain is impacting several business sectors, social media is lagging behind. Blockster is...