Markets

[Featured Content] The cryptocurrency market is no longer one that can be isolated. Bitcoin is no longer a niche asset with so many institutions and recognized investors jumping on board and seeking exposure. Retail investors are here, and, at this point, it’s safe to assume that they’re here to stay. With daily trading volumes across major exchanges exceeding $200 billion regularly, the interest in cryptocurrency trading is real, and there’s no longer any doubt about it....

Hoffman hopes that Chia going public and keeping XCH as a separate token will hedge investors from wild price swings.Chia (XCH) coin price at writing time was exchanging hands at around $406.74, up 6.6%. It has also had a 24-hour low of $380.93 and a high of $425.48. Gene Hoffman, COO, and President at Chia Network said that his network takes volatility and regulation very positively.He went on to liken the crypto market events to those of the late ’90s when there was high volatility in...

There are several ways of earning money on cryptocurrencies in the digital assets market. Unfortunately, not all of them deserve attention.Amid the coronavirus crisis in 2020 and its consequences that continue its influence in 2021, many people consider additional sources of income. Among other things, the special attention was drawn to cryptocurrencies and opportunities to make profits on them.One of the most popular ways to make profits on digital assets happens to be staking. Let’s compare...

With recent consolidation and the fresh announcement from Elon Musk, Bitcoin on-chain indicator has turned bullish setting it up on a north trajectory to $85,000. The world’s largest cryptocurrency Bitcoin (BTC) is 12% up as of writing this article aiming at a move above $40,000. At press time, BTC is trading at a price of $39,535 with a market cap of $740 billion. This recent price rally in Bitcoin (BTC) comes as Tesla chief Elon Musk said that the company will resume Bitcoin transactions...

Stellar lumen price extended its decline below the $0.4000 support against the US Dollar. XLM price is now trading below $0.3600 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a steady increase if there is a break above the $0.3600 barrier. Stellar lumen price is facing hurdles near $0.3600 and $0.3800 against the US Dollar,...

Ripple price is trading above the key $0.8000 support zone against the US dollar. The price is now struggling to clear $0.9000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.8600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase unless there is a clear downside break below $0.8000. Ripple price is trading in a bearish zone below $1.00 against the...

Digital currency research firm Coin Metrics has released a new report claiming that bitcoin is beginning to lag when compared with the likes of competing altcoins such as Ethereum and Dogecoin. Coin Metrics: Altcoins Are Taking Over While bitcoin is still the world’s number one digital currency by market cap (it is currently trading for about $35,000 per unit), the asset has experienced some serious dips over the past month, while by contrast, Dogecoin and Ethereum have...

ETH/USD – Market Falls Beneath 100-day MA Key Support Levels: $2330, $2250, $2200. Key Resistance Levels: $2470, $2600, $2720. ETH failed to break the 50-day MA around $2890 at the start of June and, unlike bitcoin, ETH has been consistently dropping since. On Friday, ETH slipped beneath support at $2470 (.382 Fib) and slumped below the 100-day MA to find support around $2330 (.5 Fib). On the short-term charts, an ascending trend line provides support for the ETH/USD market....

After yesterday’s price declines, bitcoin has calmed around the $35,000 price line. Most alternative coins are also somewhat stagnant on a 24-hour scale, aside from Polygon (MATIC). The asset has spiked by double-digits to $1.4. Minor Recoveries Among Alts: Polygon 15% Up The weekend didn’t start all that well for the altcoins market. The biggest altcoin, Ethereum, had already retraced from $2,600 to $2,500 before it went even further south to $2,250. Since then, ETH found...

Kevin O’Leary – aka Mr. Wonderful on the television show “Shark Tank” believes that bitcoin could eventually overpower the stock market. Kevin O’Leary: Sustainability Will Make a Big Difference His sentiment comes from the sudden shift that many bitcoin miners are making. Initially, bitcoin was the subject of much concern and disgust amongst environmentalists, who claimed that the extraction process behind bitcoin was contributing to severe atmospheric destruction....