Markets

The bitcoin price has shown impressive strength lately, outperforming global stock markets, despite a risk-off environment and a rising U.S. dollar. On Friday, BTC retested the local highs at $48.1k and managed to make a solid 4-hour close above resistance, leading to a robust daily close at $49.3k. Aggregate spot exchanges volume came in at $7.56 billion, above the 14-day average and the volume on risk-off days. For the past week, 4-hour bearish divergence and realized...

Bitcoin initiated another impressive leg up in the past 24 hours resulting in breaking above $49,000 for the first time since mid-May. The alternative coins have joined the ride with notable gains, including an 8% surge from BNB and 10% increases from Polkadot and Solana. Bitcoin Neared $50K It was just two days ago, on August 19th, when the situation in the bitcoin landscape seemed rather negative. The asset had lost several thousand dollars of value in hours and had fallen...

Swisscom is joining Chainlink, the world’s largest oracle network, as part of a pilot initiative. The Chainlink network provides important data for what are known as decentralised financial applications (DeFi), through which transactions worth several billion US dollars are now processed daily, such as on Aave and Uniswap. The rapid growth of this market is giving rise to new types of value chains and business models that could also gain relevance for the Swiss financial...

[Featured Content] With the explosion of non-fungible tokens (NFTs), thousands of investors are trooping into the space to participate in the emerging market. While some fear that the NFT craze might die soon as it has already surpassed the ICO peak of 2017, a new project called Cell Land has popped up, with a promise to engrave the names of its users in the history of NFTs and cryptocurrency forever, using sophisticated technology. What is Cell Land? Cell Land is a fully...

This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin managed to push towards $48K last Friday, but the week was filled with choppy price action and a somewhat expected downturn. By Thursday, BTC’s price was in the low $44,000’s, and that’s when the bulls stepped in. On that day, the price shot up and tested $47K – a level that got left behind in the...

Ethereum has been booming as of late, not just in price, but in attention. Many financial firms claim that the day will come when Ethereum outdoes bitcoin in stature, and now the CEO of Point Pay Andrew Svyatov says that Ethereum is a more democratic form of crypto that all companies and firms should be investing in. Ethereum Is Growing in Reputation Over the past several months, we have seen a multitude of companies invest heavy funds into bitcoin, the world’s largest...

Leading crypto exchange Binance has recently increased its customer verification requirements amid mounting pressure from global financial regulators. All Binance Users Must Verify their Accounts In an official announcement on Friday, Binance said that all new users must complete “Intermediate Verification” procedures to gain access to services such as cryptocurrency deposits, trades, and withdrawals, with immediate effect. According to the exchange’s procedures, the...

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Bitcoin cash price started a decent increase above the $650 resistance against the US Dollar. The price is now trading above the $620 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $635 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $650 and $680 resistance levels. Bitcoin cash price is gaining pace above the $600 zone against the US...

Singapore has become a big crypto haven in recent years, largely due to an alleged spike in coronavirus cases. Thanks to the pandemic, many citizens and residents of the country got scared about their financial situations and sought ways to keep themselves safe and wealthy during times of strife. Many People in Singapore Are Investing in Ethereum One of the ways to do this was by diversifying their portfolios, which means more crypto investments. However, rather than...