Markets

It looks like retail customers are coming back to the world of bitcoin, according to one analyst. Bitcoin Is Once Again the Object of Affection for Retailers Caroline Bowler – the CEO of Australian cryptocurrency exchange BTC Markets – explained in a recent interview that bitcoin has been suffering as of late, and that the circumstances surrounding it have ultimately brought retailers back into play. She says that the currency has remained above a key technical point, which suggests bullish...

The Elrond network is ready to launch the Maiar Decentralised Exchange (DEX), which recently begun the Chaos testing phase, opening the doors for the Elrond community to test, validate and improve the network’s resiliency and robustness. Already 1.72 Million Staked into Maiar Maiar has seen 1.72 million EGLD staked, and over 59,000 people have joined. Elrond also announced its partnership with DEXTools to bring Maiar DEX into the DEXTool terminal, allowing traders to access...

It’s been a wild ride over the past seven days, but this time bulls had the upper hand, bringing the total cryptocurrency market cap above $2 trillion once again. Let’s start with Bitcoin. It’s up almost 14% throughout the week, currently testing the important 200-MA resistance at around $46.7K, once again. It failed to breach it a couple of days ago, which sent the market into a short-term correction. However, bulls prevented any serious losses, and after less than a day of...

The bearish divergence appearing on the BTC 4-hour chart for the past week managed to form a local top at $46.7k. BTC fell to a near-term low at $43.8k, finding support just above a key downtrend. Chart by TradingViewAs we reported earlier, the recent dip below the 200-day moving average puts BTC in a tight spot as it is important to see a strong weekly close above that level. Making a weekly close above it, alongside the 21-week moving average, will flash a very bullish...

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...