Markets

Litecoin price started a strong increase above the $300 resistance against the US Dollar. LTC price is now trading well above the $300 level and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $300 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is correcting gains, but dips are likely to remain well bid above $300. Litecoin price is gaining pace above the $300 zone against the US Dollar,...

Ethereum—the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin—has struck gold over the weekend and has seemingly hit a new all-time high exceeding $3,000 per unit. Ethereum is Trading for More Than $3K Ethereum is arguably one of the biggest and most popular coins around. While it may not have the market value of bitcoin or the size and scope of its predecessor, it is still a very important coin for many reasons, the biggest...

There are many drivers which supported the recent bullish run of cryptocurrencies. Many indicators which we got used to indicated the bullish run mid April, however we owe today’s bullish continuation to none other than Mrs Yellen – the US Treasury Secretary.Although there are obvious leaders in selecting the altcoins to buy based on their market activities, like Doge, ETC, ETH, I’d like to concentrate on these three alts that yet to show greater gains.TrilliumAlien Worlds is a metaverse,...

Robby Gutmann, CEO of NYDIG, said that banks have shown great interest to incorporate Bitcoin as an asset.In one of the latest and largest institutional moves towards the cryptocurrency market, NYDIG has announced a strategic partnership with Fidelity National Information Services (FIS) Inc (NYSE: FIS) to bring Bitcoin (BTC) to over 300 million United States banks in the coming months.“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin...

Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A...

Shares of Safello Group are expected to start trading on Nasdaq First North Growth Market under the ticket SFL on May 12, 2021.Safello Group, the Swedish cryptocurrency broker, has announced that its initial public offering (IPO) has recorded an oversubscription of 1,240%. The company’s initial offering of new shares worth 40.5 million Swedish kronor (almost $4.8 million) was met with subscription bids of up to 502 million kronor ($59 million) worth of shares.Safello Group also announced...

April turned out to be a record-breaking month for several cryptocurrencies, but also for the world’s leading digital asset exchange – Binance. The company reported its highest futures trading volume ever of more than $2 trillion. Binance Futures Trading Volume Over $2T The Malta-based crypto exchange giant published its April results yesterday, highlighting the record-breaking numbers in terms of trading volume for its futures platform. The statement said Binance Futures...

Tron price struggled to clear the $0.1365 resistance and corrected lower against the US Dollar. TRX price is now trading below the $0.1260 support and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.1250 on the 4-hours chart (data feed via Bitfinex). The pair could extend its decline if it fails to recover above $0.1265 and $0.1300. TRON price is showing a few bearish signs below $0.1300 against the US Dollar,...

Bitcoin price started a fresh increase after testing the $47,500 support against the US Dollar. The price is now trading above $52,000, but it is struggling near the 55 simple moving average (4-hours). There was a break below a major rising channel with support near $55,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a fresh decline if it fails to clear the $56,000 resistance zone in the near term. Bitcoin price is...

A brief panic episode following a statement by Janet Yellen caused the markets to close the day with red candles all over the place. In a videoconference with The Atlantic, Janet Yellen, the U.S. Treasury Secretary, signaled that Joe Biden’s administration may be aiming to raise interest rates as a way to save the economy after the imbalance caused by measures to combat the Coronavirus pandemic. A *Not So* Good Idea When asked about what actions would be on the table to...