Markets

Bitcoin has tanked hard. There is no point in denying this. The world’s number one digital currency by market cap was already in a sorry position having spent the last few weeks trading in the mid to high $30,000 range, though now at the time of writing, things have taken a turn for the worse and the digital currency is trapped in the high $20,000 range. Despite all this, there are still many individuals – such as Mark Cuban and Mike Novogratz – that stick by the asset....

With BTC’s price going through a severe correction this week, reaching a near six-month low, the question arisen within the community if we have officially entered a bear market. Dumping to more than 50% south from its peak, which came just two months ago, certainly has some arguing that the bears are indeed in control. To find out more expert views on the matter, though, CryptoPotato reached out to some of the most prominent names in the industry. Those include the host of...

After what has arguably been one of the strongest runs in years, bitcoin – the world’s number one digital currency by market cap – has taken a serious turn for the worse and fallen below the $30,000 mark. At the time of writing, the currency is trading for approximately $29,500. Bitcoin Falls Below $30K Between April of 2020 and April of 2021, the digital currency marked a new point in trading. Bitcoin started out trading in the $6,000 range after briefly falling below...

Sources said the Bullish SPAC merger agreement could be reached as soon as a few weeks from now.Bullish, a cryptocurrency exchange platform, is in talks about going public via a SPAC merger with Far Peak Acquisition Corp (NYSE: FPAC). The deal could value Bullish at up to $12 billion according to anonymous sources. However, this figure will be largely dependent on Bitcoin’s price at the time of the launch.Sources also said the Bullish SPAC merger agreement could be reached as soon as a few...

The Tink acquisition will give Visa big leverage in expanding its footprint in the rapidly evolving open banking market of Europe. The entire acquisition deal will happen in cash.On Thursday, June 24, payments giant Visa Inc (NYSE: V) announced the acquisition of Sweden-based FinTech firm Tink valued at 1.8 billion Euros. This will be a major step for Visa to expand its footprint in the fastly evolving financial technology market.Using a single API, Tinks lets its customers get access to...

Besides this predictive Bitcoin tool, Hedgeye also has a quantitative Bitcoin dashboard called the “Bitcoin Trend Tracker.”Hedgeye analyst Josh Steiner has developed a model in which he drew on the fundamental analysis of the Stock-to-Flow model of Bitcoin (BTC) in comparison with other factors, to project a $1 million price for Bitcoin before the end of this decade. Hedgeye Risk Management is an investment research and financial media company based in Stamford, Connecticut, and specializes...

In the recent past, ContextLogic (WISH) stock has been referred to by market watchers and analysts as the next short-squeeze target.ContextLogic Inc (NASDAQ: WISH) is the company that’s linked with Wish Mobile, a popular shopping app. The good thing is that the company is not only meme-based but it also addresses emerging and current needs of the e-commerce market. The company confesses that performance, particularly logistics revenue, has been growing impressively. The revenue growth has...

At the beginning of the year, as the rest of the world was enjoying a crypto boom that begun in 2020, things had slowed down for Japanese cryptocurrency investors.Coinbase has been given the go-ahead to operate crypto activities in Japan. The digital assets company has been allowed to indulge in 5 cryptos including Bitcoin, Ether, Litecoin, Bitcoin Cash, and Stellar Lumen. The highest Japanese regulator for financial services also called the Financial Services Agency (FSA) said that Coinbase...

EOS seems to be forming a decent support base above the $2.00 level against the US Dollar. The price is still trading well below $4.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to remain in a bearish zone unless there is a clear break above $4.00 and $4.20. EOS price is struggling to recover above $3.80 against the...

Litecoin price started an upside correction from the $105 support against the US Dollar. LTC price is still trading well below $140 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear $135 and $140 to start a fresh increase in the near term. Litecoin price is struggling to gain pace above $130 against the US Dollar, unlike...