Markets

Bitcoin price started a fresh increase from the $30,000 support zone against the US Dollar. The price is now trading above the $35,000 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $35,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is correcting gains, but it is likely to remain stable above $35,000 and $34,000 in the near term. Bitcoin price is recovering higher...

Bitcoin has been trapped in the doldrums as of late, but the currency is still on the radar of several institutional investors such as Ricardo Salinas Pliego, a Mexican billionaire who is working with his bank to become the first Mexican financial institution to accept the world’s number one digital currency by market cap. Mexican Billionaire Pliego Plays the BTC Horn Over the weekend, Pliego tweeted the following: Me and my bank are working to be the first bank in...

21Shares AG, the Swiss-based issuer of cryptocurrency-oriented Exchange-Traded Products, continues with launching such ETPs in Europe. The latest will track the performance of Solana (SOL) and will go live on June 30th on the Swiss stock exchange. SOL ETP Coming to SIX Exchange The company, aiming to close the gap between institutional investors and regulated cryptocurrency products, announced its latest ETP in a press release shared with CryptoPotato. It will track the...

The global Crypto.com enters the F1 market to extend its support to the F1 “sprint” series. F1 will also exhibit the brand’s name on the race tracks as global sponsors to support the growing development.Following the announcement of Crypto.com partnering with Circle, another news of the same crypto domain has surfaced where crypto.com has declared their support to Formula 1 races and has promised to extend their sponsorship to F1 inaugural “sprint” series.The announcement has come ahead of...

The two companies will work together to expand their market footprint by sharing client and infrastructure resources. This acquisition gives the Deutsche Börse Group 2/3rd controlling stake in the Swiss FinTech firm. Germany’s popular Deutsche Börse Group announces the acquisition of a majority stake in Swiss FinTech firm Crypto Finance AG. The FINMA-regulated Swiss firm provides investment, custody, and trading of digital assets to institutional and professional clients.This acquisition will...

ADA price started a fresh increase after it found support near $1.00 against the US Dollar. The price is now trading above $1.30 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $1.30 on the 4-hours chart (data feed via Bitfinex). The price is consolidating above the trend line and it could rally above the $1.35 resistance zone. Cardano price is trading in a positive zone above $1.30 against the US...

The popularity of crypto assets has skyrocketed this bull season with multiple tokens reaching new all-time highs and millions of new users joining the crypto ecosystem amid growing popularity. The crypto ecosystem offers multiple earning opportunities through various use cases and one of the most popular ones is Decentralized Finance or DeFi. DeFi has emerged as one of the most prominent use cases and its market cap has gone from a few billion to over $100 billion in...

Amid Bitcoin market volatility, Morgan Stanley acquires 28,000 GBTC shares getting exposure to the world’s largest crypto. The Wall Street bank has produced strong results and doubled its dividend for the third quarter.As per the recent SEC filing, banking giant Morgan Stanley (NYSE: MS) purchased 28,000 shares of the Grayscale Bitcoin Trust (GBTC). The recent purchase comes through the bank’s Europe Opportunity Fund.The recent purchase comes when Bitcoin has been showing a sideways movement...

On Monday, Facebook hit another eye-popping milestone. The social media company vaulted above $1 trillion in market capitalization for the first time. From its debut market cap of $104 billion in May 2012, this is a far cry. It is a feat that has only been achieved by four other US companies: Amazon.com Inc (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), and Alphabet Inc (NASDAQ: GOOGL).The singular most important factor which raised the stock price was the...

On Monday, June 26, the US stock market indices continued their uptrend for the second day. Tech-influenced Nasdaq Composite (INDEXNASDAQ: .IXIC) surged by 0.98 % to close at an all-time high of 14,500.51 whereas S&P 500 also ticked up to 0.23% for its third-straight record close. The Dow Jones Industrial Average (INDEXDJX: .DJI) came under intense pressure by energy and transport stocks diving by 150.57 points to 34,283.27 and wiping off its previous gains in the process. Let’s dive...