Markets

Bitcoin price started a steady recovery from the $31,120 zone against the US Dollar. The price is now testing the $40,000 resistance zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $36,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to clear the $40,000 resistance and continue higher in the near term. Bitcoin price is attempting an upside break above...

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s intentions to crack down on mining and trading with the primary digital asset. As such, it comes as no surprise that another major...

Square added a hidden code on its system that indicates the company seeks to venture into checking and savings accounts.Square Inc (NYSE: SQ) stock closed Monday trading at $210.95, up 5.47% from the day’s opening price. During today’s pre-market session, SQ stock had added approximately 1% and was trading around $212.98 at the time of reporting. The spike in the last two days was triggered by a report that Square is planning on adding both checking and savings accounts in the near...

It is not surprising that such a complex and multilevel field as trading is under the constant influence of trend-formulating factors. They include both financially significant events and trends that characterize internal processes in the markets. This article will help you better understand the most important groups of factors that influence trading on a daily basis. Factor 1. Worldwide market tendencies. There are many trading exchanges in the world, each of which...

The current gains in the Nasdaq may help the index snap off the 2% loss it has accumulated thus far in May. The United States stock market has shown impressive upticks as the economy reopening has marked new promises for firms across the board. The Dow Jones Industrial Average (INDEXDJX: .DJI) grew 0.54%, adding 186.14 points to 34,393.98. The S&P 500 (INDEXSP: .INX) added 41.19 points atop a 0.99% growth to 4,197.05. The gains are demonstrated by the tech-heavy Nasdaq Composite...

ADA price started a fresh increase after it tested the $1.10 support zone against the US Dollar. The price is still trading well below $1.75 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.48 on the 4-hours chart (data feed via Bitfinex). The price could correct further lower, but the bulls are likely to remain active near $1.400 and $1.350. Cardano price is facing a major barrier near the $1.700...

Ethereum price declined below $2,000 before starting an upside correction against the US Dollar. ETH price is still below $3,500 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,000 on the 4-hours chart (data feed from Coinbase). The pair must clear the main $3,000 resistance to start a fresh increase in the near term. Ethereum price started an upside correction from the $1,750 zone against the US Dollar....

Bitcoin has seen its harshest days recently. The world’s number one digital currency by market cap lost approximately 35 percent of its overall value and has dropped from the mid-$50,000 range, which is where it was in late April and early May, to about $36,000 per unit at press time. Many analysts and financial institutions are beginning to write the currency off as dead or dying, but according to two separate individuals, things are about to become much steadier....

Krool Toys explained that the game is available through an online platform, but only select NFT holders will get the chance to win physical gifts.New York-based multidisciplinary creative studio Krool Toys has unveiled a new video game that depicts market activities around Elon Musk and Dogecoin. According to the firm through a press release, the game referred to as Dogémon is an adaptation of the popular Gameboy video game Pokémon.Notably, Krool Toys partnered with Rarible to actualize the...