Markets

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...

Fred Wilson is the co-founder of Union Square Ventures. As a successful investor, he has put his money into many leading companies such as Tumblr, Etsy, Twitter and Zynga, and he was one of the first people to see the platforms as things other investors should take seriously. Fred Wilson Knows What He’s Doing This attitude has made him quite wealthy over the years. It is also an attitude that caused him to invest in Coinbase long before it was the high-ranking company it...

Larva Labs is looking to build a marketplace where owners of Meebits can easily trade their assets with one another, mimicking the market being designed to support CryptoPunks.The brain behind the iconic CryptoPunks Non-Fungible Token (NFT) project, Larva Labs are pushing forth a new game-changing innovation Dubbed Meebits. As detailed in a blog post published by Larva Labs on Monday, the team noted that Meebits is a graduation from the 2D 8-bit-pixelated characters CryptoPunks were made of...

Kevin O’Leary – aka Mr. Wonderful from the popular television program “Shark Tank” – has a lot of respect for both bitcoin and Ethereum. He thinks they are both remarkable developments in the world of finance. It is just that he respects bitcoin a little more. Kevin O’Leary: Bitcoin Will Always Be King In a recent interview, O’Leary commented that Ethereum – no matter how popular it is or how big and strong it becomes – will always be “number two” following bitcoin....

There are no boring days in the cryptocurrency market. In a couple of hourly candles, the entire market turned red and lost over $100 billion of its capitalization. The total liquidations in the past 24 hours are worth almost $2 billion, according to data from Bybt. The largest single liquidation order happened on Huobi. It was an ETH position with a dollar value of a whopping $74.5 million. A little less than 196K traders were liquidated. Leading the way in the past hour is...

The new iPhone model will reportedly come with an 8-inch foldable OLED display, which will function like an iPhone and can open up to a tablet.A Foldable iPhone with a wider screen than the iPad mini is likely to hit the market according to a top Apple analyst. TFI Securities analyst Ming-Chi Kuo predicted on Monday, stating that Apple Inc. is more than likely going to launch a foldable iPhone in 2023 based on an industry survey. Ming-Chi Kuo added that he believes the company will target up...

The head of Binance, Changpeng Zhao, recently gave his comments on the two largest cryptocurrencies – BTC and ETH. According to him, people nowadays need alternative coins for the new type of transactions, which may drive the price of ether up. CZ also predicted that many central bank digital currencies would be very different than public coins. Ethereum’s Rally As Ethereum’s price continues to be the hottest topic in the past couple of days within the entire cryptocurrency...

ADA price started a fresh increase above the $1.250 resistance zone against the US Dollar. The price is now trading close the $1.280 support and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support at $1.350 on the 4-hours chart (data feed via Bitfinex). The price could correct lower, but the bulls are likely to remain active near $1.170 and $1.150. Cardano price is showing signs of a downside correction from $1.420...

Ethereum price started a fresh rally above the $3,000 resistance against the US Dollar. ETH price is currently trading well above $3,000 and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $3,140 on the 4-hours chart (data feed from Coinbase). The pair is correcting gains, but it is likely to find bids near the $3,150 and $3,000 levels. Ethereum price is gaining pace above the $3,000 level against the US Dollar....