Markets

Bitcoin cash price started a decent increase above the $600 resistance against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $610 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $625 and $650 resistance levels. Bitcoin cash price is gaining pace above the $600 zone against the US...

Polkadot has quickly become one of the most popular and, by far, among the biggest cryptocurrency blockchains throughout the entire industry. It appears that the hype surrounding Polkadot is only growing stronger, so we’ve taken the liberty to compile a comprehensive walk-through, guiding those who are less aware of the project and what it is all about. Photo by Alina Grubnyak on UnsplashWhat is Polkadot In Simple Words? Polkadot is Ethereum Co-founder Gavin Wood’s bet...

AMC movie theaters are allowing people to pay for movie tickets and concession items (such as popcorn and other goodies) with bitcoin by the end of the year. AMC Will Now Accept BTC The movie theater chain made the announcement in a press release earlier in the week. Moviegoers will now be able to see their favorite films and catch up on the latest movie franchises by paying with the world’s number one digital currency by market cap. This brings bitcoin closer to its primary goal of being...

The Monetary Authority of Singapore (MAS) has enabled DBS Vickers – the brokerage brand of DBS Bank – to offer trading services for digital payment tokens. The initiative would meet the clients’ growing appetite for dealing with cryptocurrencies. Crypto Opportunities for DBS’ Clients According to a recent report, the securities and derivatives brokerage firm – DBS Vickers – received a green light from the Monetary Authority of Singapore to offer virtual asset services to its...

Tom Lee of Fundstrat fame is sticking to a bold prediction regarding bitcoin – the world’s number one digital currency by market cap – that he made earlier in the year. In a recent interview, he stated that he still sees bitcoin hitting $100,000 per unit by the end of 2021. Tom Lee – BTC Could Reach $100K Before 2022 Tom Lee is no stranger to making bitcoin price predictions. For the most part, they have been a little outlandish – either because there is a lack of time...

The Indian professor Aswath Damodaran opined that bitcoin is the equivalent of gold for young investors. According to him, millennials do not find the precious metal that tempting as their parents and grandparents and prefer to allocate their money in the primary cryptocurrency. BTC Is What Gold Was 50-100 Years Ago In a recent interview for CNBC, the professor of finance at the Stern School of Business at New York University – Aswath Damodaran – shared his thoughts on the...

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EOS started a fresh increase above the $4.20 resistance against the US Dollar. The price is now trading above the $4.50 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $4.60 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $5.10 and $5.25 resistance levels in the near term. EOS price is showing positive signs above $4.60 against the...

Litecoin price started a decent increase above the $150 resistance zone against the US Dollar. LTC price is now trading above $160 and the 55 simple moving average (4-hours). There was a break above a bullish continuation pattern with resistance near $167 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to extend gains above the $180 and $185 resistance levels in the near term. Litecoin price is holding gains above $165 against the...

Bitcoin is edging towards recovery after nearly three months of heavy drops. The world’s number one digital currency by market cap has been undergoing one of its biggest valuation changes, having surged all the way to a whopping $64,000 per unit back in April of this year. However, about a month later, the currency began experiencing mega dips that ultimately saw it trading for less than $30,000 for a brief period. Bitcoin Has Begun Its Climb to the Top Again Bitcoin...