Markets

After shocking the crypto-verse with what is possibly the most ambitious lawsuit in the history of the U.S. crypto industry (accusing Ripple of issuing unregistered securities for more than $1.3 Billion), today the country’s regulators issued a major statement regarding how they foresee the future of stablecoins and, spoiler alert, the landscape looks heavily regulated.On December 23, 2020, The President’s Working Group on Financial Markets released a statement on critical regulatory issues...

Bitcoin just keeps surging and surging, and with no end in sight, many analysts have become major fans over the last few weeks and months. Some are even claiming that the asset is going to reach new highs that many people never though possible. One of these individuals is Garrick Hileman, the head of research at Blockchain.com.Garrick Hileman Is Convinced of Bitcoin’s ProwessAt the time of writing, bitcoin’s market cap is at around $440 billion, though Hileman is convinced that a $1 trillion...

Bitcoin bulls need to make sure the daily price closes above $23,850 today, or else a double top will form on the BTC/USD chart (see below).Double tops are bearish reversal setups that tend to result in strong downtrends. They form when an asset fails to breach the same resistance level twice in a short period of time. The second rejection signals to the market that bullish momentum has run out and that a shift in trend is about to occur.There’s also an obvious RSI divergence (yellow line)...

Gold protected tokens like GoldFinX appears to be the best investment source for institutional and retail investors since they can be easily traced back to find its custodial asset backing its worth.The current market perception for cryptocurrencies has been shifting recently, in a seemingly ever more positive direction, even with the global economy suffering massive blows from the prevailing pandemic. Facebook‘s Libra and JPMorgan‘s JPM coin are anticipated to launch in 2021; Bitcoin and...

Apple (APPL) saw a 1.2% gain on December 21, just an hour after the company announced their car plans. Its share further went up by 2.75% on that day and rose to 4.8% on December 22, trading at a $131.88 close.Apple Inc (NASDAQ: AAPL) stock is the latest flaming commodity on the stock market as news broke about its plan to produce a self-driving car which according to them should be available by 2024. Apple (AAPL) rose as much as 4.7% on Tuesday following reports that the tech giant was...

Those who were looking forward to an altcoin season would certainly have to wait longer as Bitcoin’s dominance continues to surge. Meanwhile, the majority of cryptocurrencies are bleeding heavily against BTC.Bitcoin Tops $24,000 in a Massively Volatile DayThe volatility on the cryptocurrency market continues as most coins see tumultuous performance throughout the past few days.Bitcoin is no exception. Today’s candle is indicative of it. The price reached a low of around $22,800 on Bitstamp,...

[PRESS RELEASE – Please Read Disclaimer]If there is one good thing we should get out of this 2020, it is that ironically thanks to the COVID-19 pandemic, digital adoption grew to levels never seen in previous years, and much of it passes through the crypto ecosystem.As part of the strategy to spread knowledge about the ecosystem, CoinMarketCap has deployed its product “Learn Crypto, Earn Crypto“, under the slogan of “acquire crypto assets in a fun and low risk way“.In this opportunity, the...

Tron price is approaching the main $0.0275 support zone against the US Dollar.TRX price is now trading with below the 55 simple moving average (4-hours), with a bearish angle.There was a break below a major bullish trend line with support near $0.0305 on the 4-hours chart (data feed via Bitfinex).The pair could start a fresh increase as long as the price is above the $0.0275 support.TRON price is moving lower and approaching the key $0.0275 support against the US Dollar, while bitcoin is well...

A few days after the price dip beneath $22,000, bitcoin has recovered most losses and even took another swing at $24,000 earlier today. Most altcoins have remained relatively steady, apart from XRP. The recently announced charges from the SEC have plummeted the token’s value.Bitcoin Eyes $24KBitcoin has been on a wild ride in the past several days. It began by painting a new all-time high of about $24,300, but the subsequent rejection drove the asset down by more than $2,000 in hours.BTC...

Bitcoin price started a fresh upward move from the $22,300 support zone against the US Dollar.The price is now trading well above $23,000 and the 55 simple moving average (4-hours).There is a key rising channel forming with support near $22,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it clears the $24,000 and $24,200 resistance levels.Bitcoin price is currently showing bullish signs above $23,000 against the US Dollar. BTC...