Markets

Bitcoin has spiked like there’s no tomorrow. After several weeks of dealing with bearish activity, the world’s number one digital currency by market cap has surged all the way to the mid-$38,000 range. The jump appears to have something to do with Amazon, the biggest retailer in the world, and its potential decision to begin its own cryptocurrency and accept bitcoin as a payment method before the year is out. Amazon Suggests It Will Accept BTC Amazon is arguably the...

Bitcoin’s recent 55% drop from all-time highs may have done technical damage to the charts, but analysis strongly suggest BTC is still in a bull market. According to on-chain analyst “Gaah Cordeiro”, BTC is still in a bull market as shown by the MVRV Onchain metric. What is MVRV? MVRV stands for Market Value to Realized Value. The metric divides BTC’s Market Value by its Realized Value. This creates a ratio that can show if the cryptocurrency is overvalued or undervalued. A...

[PR – Gibraltar, UK, 28th July, 2021] Meme.com, which combines CoinMarketCap-like features in the meme world, is opening their platform for users around the world after raising $6 million earlier in the spring. Aiming to combine the cultural power of memes with crypto-economics, the Meme.com launch will allow people to buy and sell any Meme Tokens for the first time. When built out, Meme.com gives the opportunity to create, buy and sell Meme Tokens based on the perceived...

Visa reported revenue of $6.1 billion in Q3 2021 against an estimate of $5.86 billion according to a consensus by FactSet.Visa Inc (NYSE: V) stock traded around $247, 1.57% down during Wednesday’s pre-market. The downshift comes at a time when publicly traded companies are reporting the quarter that ended on June 30. Notably, Visa reported a blowout Q3 2021 earnings that beat analysts’ expectations.According to news outlet MarketWatch, Visa reported a net income of $2.6 billion, up from $2.37...

Even though Bitcoin’s trading volume is still higher than Ether’s, the year-on-year growth for the latter is breaking all records.Ether, the world’s second-largest cryptocurrency, has hammered Bitcoin in terms of trading volume growth. The new report elaborates on the growth of Ethereum trading in the first six months of the year.According to a review report shared by Coinbase Institutional H1 2021, the first six months have been very agile for the crypto market, with quite a few peaks in...

Chinese crackdown on tech and education companies put pressure on Asian indices. On the other hand, the US tech giants continue to post stellar returns in the second-quarter earnings season. During the early morning trading on Wednesday, the US stock futures showed mixed signals with major averages pulling back from record high levels. The futures for the Dow Jones Industrial Average (DJIA) is showing a minor dip.On the other hand, the futures for S&P 500 and Nasdaq 100 are trading in...

In the IPO filing, Stronghold noted that with the fundraising, it will purchase an additional 27,300 crypto miners to expand its operations and increase its hash rate.Amid the recent crackdown by China on Bitcoin miners, the US is emerging as the next big market. Stronghold Digital Mining, the Pennsylvania-based Bitcoin miner is now willing to raise $100 million through an initial public offering (IPO).The company filed its S1-form on Tuesday, July 27, with the US Securities and Exchange...

It is a non-custodial app which means customers can fully control and manage their Dash holdings without paying any exchange fee to a third party.DashDirect, the new consumer-focused retail app by Dash, will bring ground-breaking results as it would mean direct adoption of cryptocurrency by retail merchants.Cryptocurrencies would stop being a playground for the few as newer blockchain-based payment products enter the market. Dash, the open-source cryptocurrency, has made a fresh foray and...

Tron price started a fresh increase above the $0.0580 resistance against the US Dollar. TRX price is now trading well above $0.0580 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0585 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue higher above the $0.0620 and $0.0640 resistance levels. TRON price is trading in a positive zone above $0.0600 against the US Dollar, similar to...

Bitcoin price started a fresh increase above the $35,000 resistance against the US Dollar. The price is now trading well above the $35,000 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $37,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair might correct lower, but the bulls are likely to remain active near $37,000. Bitcoin price is slowly gaining bullish momentum above $38,000...