Markets

The bears had the upper hand in today’s trading session as markets are red across the board. Bitcoin’s price dipped to $55,600, causing a serious number of liquidated long positions. Bitcoin’s price took a turn for the worst today and declined from an intraday high of around $58,600 to a low of $55,600, losing $3,000 from its dollar value. At the time of this writing, the price hovers indecisively around $56,000. BTC/USD. Source: TradingViewThe entire cryptocurrency market...

A Twitter user, however, countered Allaire’s opinion on USDC and PayPal.The CEO and co-founder of Circle Jeremy Allaire is confident in the USD Coin (USDC) and believes that the coin is about to exceed PayPal Holdings Inc (NASDAQ: PYPL). According to Allaire, Circle’s USDC is on the way to surpass the payments giant in the value of transacted dollars. At the time of writing, USDC is ranked 14th on CoinMarketCap and is up 0.05% to $1.00. With a market cap of over $10 million, the stablecoin...

[PRESS RELEASE – Please Read Disclaimer] With the recent launch of CryptX Terminal, the company’s newest crypto product, Bolkvadze spoke about the advantages of using automated trading strategies, especially now when the market is fluctuating from moment to moment. “More than ever, it’s essential to be able to follow price trends and quickly execute trades at any time of day or night.” He also noted that the Arbitrage bot has been the most popular tool from the outset....

It is expected that the anticipated entry into the Indian market as well as its proposed self-driving taxis are a good sign that may help justify the current Tesla stock price.Craig Irwin, a senior research analyst at Roth Capital Partners has weighed in on the massive valuation of American electric vehicle maker Tesla Inc (NASDAQ: TSLA) and its stock price, noting the company’s stock is overvalued and should be worth only $150. As reported by CNBC, Irwin said that Tesla is a “minor player”...

[Featured Content] Decentralized exchanges and automated market makers have taken a central stage in DeFi and the entire cryptocurrency industry, in general. Looking at DeFi Pulse data, Uniswap is currently the third-largest protocol based on total value locked in it, eyeing a whopping $6 billion. Sushiswap is also in the top 10, and it boasts over $4 billion in TV. This says that the market is ripe for solutions of this kind as investors look for additional means of...

Tron price started a fresh rally from the $0.0800 support zone against the US Dollar. TRX price is now trading above the $0.1000 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.1050 on the 4-hours chart (data feed via Bitfinex). The pair is likely to resume higher if it clears the $0.1300 and $0.1420 resistance levels in the near term. TRON price is trading in a positive zone above $0.1000 against the US...

Bitcoin might have a long tenure on the market, but that doesn’t mean it’s a stranger to novelty. The first cryptocurrency is known for frequently making changes to better its user experience, and for the most part, these changes have proven to be a positive step forward. It’s to be expected that while some of these changes don’t do too well, others soar and become an instant trend on the Bitcoin scene. Thankfully, Bitcoin’s given us plenty of wonderful trends in recent...

Bitcoin price failed to clear the $60,000 resistance and corrected lower against the US Dollar. The price is now trading below the $58,500 support and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $58,650 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a strong rally if there is a clear break above the $58,650 and $58,800 resistance levels. Bitcoin price is trading in a...

The cryptocurrency market is on fire. The market capitalization has surged past $2 trillion for the first time in its history. Interestingly enough, this was led mostly by alternative coins, or altcoins, surging in value. Bitcoin, on the other hand, failed to break above $60K on multiple occasions over the past month, giving serious merits to the notion that altcoin season 2021 is brewing. In January this year, CryptoPotato reported that Secrets of Crypto, which is one of the...

Metis can drastically decrease the wait time between layer-two and layer-one network communications.As the most widely adopted decentralized smart contract platform, Ethereum is a dApp powerhouse, but it has become a victim of its own success. Metis is launching a layer-two solution on top of the Ethereum network to mitigate these problems, eliminating high transaction fees and slow transaction times with a more efficient alternative. Metis has released the details behind its Metis Rollup and...