Markets

This week saw a serious correction in the total cryptocurrency market. This has resulted in Bitcoin falling below the $1 trillion market cap level. The price corrected by more than 20% at one point as it lost around $13,000 from the recent all-time high before correcting to where it currently trades at around $48K.In all fairness, Bitcoin’s downturn followed that of the entire legacy market. As we reported earlier, NASDAQ saw the biggest slump since October last year as government bond yields...

It’s certainly been a crazy week for bitcoin. The currency – which was trading for about $56,000 per unit during the early portion of the week – later fell to about $47,000, thereby losing roughly $9,000 from its price. Since then, it has spiked back to $49,000 at the time of writing, gaining $2,000. However, it still isn’t anywhere near where it was previously, and data suggests that many investors and traders as of late have been selling their coins for a profit and...

This week saw a serious correction throughout the entire cryptocurrency market. Bitcoin lost, at one point, about $13,000 of its value as it went through one of the most serious declines since the start of the current bull run. With this said, we take a look at the following cryptocurrencies.BitcoinBitcoin has seen a turbulent week in which the price dropped to the current $48,000 level. The cryptocurrency was trending higher last week to set a new ATH price above $58,000.However, on Sunday,...

Cardano (ADA) is once again in the spotlight as its price fails to follow the current downtrend in the cryptocurrency market. In fact, ADA is currently up on almost all time frames, and it has managed to once again claim the third spot in terms of market capitalization.However, Anthony Sassano, one of Ethereum’s well-known proponents and investors, is of the opinion that it doesn’t have the fundamentals to be valued at 25% of Ethereum’s total capitalization.Cardano (ADA) Bulls Don’t...

[PRESS RELEASE – Please Read Disclaimer]Crypto exchange Nominex has officially launched its own utility DeFi token. NMX is the world’s first exchange token to offer utilitarian staking. With NMX you can:Receive 100% discount on all trading commissionsWithdraw crypto for free up to 3 times a dayAdd assets to liquidity for 72 years, receiving rewardsGet access to 10 types of referral bonuses for the affiliate programEarn your share of the NMX personal staking poolEarn your share of staking on...

Analysts of JPMorgan highlighted the evaporating liquid supply as multi-billion dollar institutions and corporations are buying substantial quantities at a fast rate.JPMorgan Chase & Co (NYSE: JPM) strategists have suggested that investors should consider moving 1% of their portfolio into Bitcoin to serve as a hedge against fluctuations in traditional asset classes including stocks, bonds, and commodities.Many people over the years including the majority of Wall Street saw Bitcoin as a...

According to the detail provided, founder and Chief Executive Officer Brian Armstrong reportedly earned $60 million in the 2020 fiscal year.Details shared by American cryptocurrency exchange Coinbase in its S-1 filing with the Securities and Exchange Commission (SEC) is evident the company is set to the public markets. The cryptocurrency industry is just a bit more than a decade old but many players in the space are making waves, per revenue and income accruals.One of the high points of the...

Although Zoom stock is now experiencing hard times, it still holds a Zacks #1 Rank, which is a Strong Buy. Besides, Robert W. Baird analyst William Power is also maintaining a Buy rating on Zoom Video Communications. On Wednesday, he set a price target of $550.00 for Zoom shares.Online conferencing giant Zoom Video Communications Inc (NASDAQ: ZM) is going through a bad patch. Zoom stock has been down for a week already, falling for the seventh day in a row. On Thursday, Zoom stock ended the...

The past few days have been rather tough in the cryptocurrency market. The total capitalization has dropped by around $360 billion since February 20th as the major coins take a beating.Bitcoin’s price declined by about $13,000 since its all-time high, and in the past 24 hours alone, it lost around 15% of its dollar value.With this in mind, we take a look at three possible reasons for this crash in BTC’s price.Healthy Correction, Profit TakingRight off the bat, it’s worth noting that the...

Bitcoin cash price rallied sharply above $700 before correcting lower against the US Dollar. The price is now trading well below $600 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $660 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down towards $415 and $400 before it could start a fresh increase. Bitcoin cash price is consolidating losses after a sharp...