Markets

US investor, fund manager, and philanthropist Bill Miller believes that the global economic situation could drive large corporations to allocate more funds into bitcoin. The former Chairman and CIO of Legg Mason Capital Management said that the BTC adoption curve is very yearly, although the asset’s market cap has surpassed some prominent names.Rat Poison But For Cash; Miller SaysThe 71-year-old investor is among the most well-recognized and respected hedge fund managers, known for managing a...

UnitedHealth and Change Healthcare were in the health industry during the height of the coronavirus pandemic and experienced a double-digit gain in 2020.In a deal worth approximately $13 billion, UnitedHealth Group Inc (NYSE: UNH) has agreed to purchase health technology company Change Healthcare Inc (NASDAQ: CHNG). According to the transaction details, UnitedHealth will pay $25.75 per share in cash. Apparently, this is 41% up from Tuesday’s CHNG stock close at $18.24. Consequently, CHNG...

Raoul Pal previously said that Bitcoin is slowly eating the world as observed with the banking system. Renowned economist and investment strategist Raoul Pal highlighted some of the future market outlook during a YouTube interview entitled ‘Financial Manager interview #006’. According to Pal, former Goldman Sachs strategist, who has majorly invested in the crypto market, Bitcoin is well poised to hit $1 million in the next five years.Apparently, Pal noted that the value is not outrageous as...

XLM/USD – Epic 100% Surge Shocks Market As XLM Hits 31-Month HighKey Support Levels: $0.3, $0.289, $0.257.Key Resistance Levels: $0.373, $0.4, $0.418.XLM was pretty quiet during December. The coin was trading beneath a falling trend line for the entire month as it dropped into the $0.12 region. XLM would rebound from $0.12 at the start of 2021 and eventually break the falling trend line to reach $0.2 yesterday.Today, XLM continued higher from $0.2 and exploded by over 100% to reach as high as...

The ambitious projection of the price target issued on Tesla stock by Morgan Stanley is based on the trust in the company’s innovative technology.Morgan Stanley (NYSE: MS) analyst Adam Jonas has revised his price target for Tesla Inc (NASDAQ: TSLA) from the earlier $540 to a record high of $810 per share. According to TeslaRati, Morgan Stanley maintained its “Overweight” rating on the already highly valued Tesla stock while giving the electric car maker a bull case estimate of $1,232.At the...

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...