Markets

According to the BTC MVRV-Z score, a metric that has a strong relation with the asset’s price, the cryptocurrency has increased to its highest level in about three years. However, the last time the MVRV-Z reached a similar position, bitcoin exploded by 10x in the next six months.BTC MVRV-Z score Suggests Further Increases?The analytics firm Glassnode describes the MVRV-Z score as a metric that compares market value and realized value to assess when an asset is overvalued or...

Riot Blockchain reported that the mining revenue had increased by 21% to $6.7 million for the first nine months of 2020.Riot Blockchain Inc (NASDAQ: RIOT) stock soared approximately 11.71% on Tuesday to close the day trading at $18.41. Meanwhile, they had obliterated part of the gains during Wednesday’s pre-market as they were trading around $18.16, down approximately 1.36%.Riot Blockchain stock experienced an astronomical rally last year, whereby they are up approximately 1135.57% in the...

[PRESS RELEASE – Please Read Disclaimer]Over the last few years, the peer-to-peer online gaming market has grown considerably, with players worldwide choosing to play against one another, rather than against the house. To capture a part of this rising demand, BIG2.WIN has launched a P2P version of the popular Big 2 game, well known in China as 大老二 and 鋤大弟.An Introduction to Big 2Big 2 is well-known as an incredibly entertaining game, especially when played amongst friends. On BIG2.WIN, the...

Tron price spiked above $0.3100, but it failed to accelerate higher against the US Dollar.TRX price is now trading above the $0.0280 support and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.0310 on the 4-hours chart (data feed via Bitfinex).The pair could either start a fresh increase towards $0.3100 or it might decline to $0.0250.TRON price is showing positive signs above $0.0280 and $0.0265 against the US Dollar, while bitcoin is...

As bitcoin jumped to a fresh all-time high of nearly $36,000 earlier today, most alternative coins have followed suit. Consequently, the total market cap has reached another ATH and has neared $1 trillion, while BTC’s dominance eyes 70% once again.Exploding Alts Lead To ATH In The Market CapJust a few days ago, the cryptocurrency market plummeted in value with massive double-digit price drops from most alternative coins. However, the situation has changed completely 48 hours later.Ethereum...

Bitcoin price remained in a strong uptrend above $28,000 and $30,000 against the US Dollar.The price is now trading well above $34,000 and the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $31,300 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 $35,500 and $38,800 resistance levels.Bitcoin price is currently gaining momentum above $34,000 against the US Dollar. BTC...

Bitcoin witnessed a solid 8% price spike today, including a $2000 rally over the past few hours alone. While today’s low lies below $30K, the current high reached $34,300 (according to Bitstamp). Incredible.As can be seen on the 1-hour chart below, once Bitcoin breached the marked descending trend-line, the missile had launched. One 4-hour greenish candle spiked BTC from $32K straight to $34.3.The total crypto market cap surpassed $900 billion, the market is closing down on $1 trillion for...

The popular blockchain project Stellar has signed a Memorandum of Understanding and Cooperation with the Ministry of Digital Transformation of Ukraine to explore and develop virtual currencies and a CBDC. The native cryptocurrency has reacted with a massive surge by almost 40% a day after the announcement.Stellar And Ukraine To Work On Digital Assets And CBDCThe Stellar Development Foundation (SDF) announced the signing of the contract yesterday. The Memorandum will enable Stellar to work...

Cryptocurrency market is once again heading north as the US Dollar Index plummets. The US Dollar index lost 0.32% today and nears the lowest level of last year’s December 31.By the time writing of this article the US Dollar index is at 89.568. As markets opened on January 4, there was a huge sell-off at the cryptocurrency market mainly caused by the hike of the S&P Volatility Index, panic in the market caused a drastic drop in prices of some cryptocurrencies, yet most of altcoins such as...

The strategists at JPMorgan Chase believe that the current adoption and investment rate that Bitcoin has can potentially drive the coin’s price to a consensus high levels of $50,000-$100,000.Analysts from American multinational investment bank and financial services company JPMorgan Chase & Co (NYSE: JPM) have given an ambitious price forecast for Bitcoin (BTC) but the target is billed for the long term. Per a Bloomberg report, the analysts, led by Nikolaos Panigirtzoglou said that the...