Markets

Bitcoin cash price failed to stay above $1,000 and declined heavily against the US Dollar. The price is now trading well below the $850 support level and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $910 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $650 and $600 support levels in the near term. Bitcoin cash price is gaining pace below...

In an announcement on April 23, Coinbase Pro stated that it had enabled trading for the Tether stablecoin. The move is huge news as previously the leading exchange would only support its own native stablecoin, USDC. The announcement added that support for USDT will generally be available in Coinbase’s supported jurisdictions, with the exception of New York State. The only version of USDT available will be the Ethereum ERC-20 standard. Trading will begin on or after 6 PM...

Today was a difficult day for the markets in general, with most assets and investments registering red numbers amid a general panic episode. The primary reason seems to be the rumor that U.S. President Joe Biden —who seems interested in thigtening the crypto regulations in the US— may be ready to submit a proposal to the Congress to increase the capital gains taxes. Rumor has it that the rate would nearly double what investors currently have to pay. The story – which first...

Bitcoin has taken a turn for the worse. Following news of Coinbase going public on the Nasdaq last week, the world’s number one digital currency by market cap rose to nearly $64,000 per unit, though at press time, it has knocked roughly $8,000 off its price. Bitcoin Has Taken a Nasty Fall At first glance, this looks like a standard correction. We have all seen instances like this in the past. When bitcoin spikes to new highs rather suddenly, it becomes obvious over a few...

Bitcoin has been doing extremely well as of late. Not too long ago, the world’s number one digital currency by market cap reached a new all-time high of approximately $63,000 per unit, though according to some – such as Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team – we have only hit the tip of the iceberg, and the price of bitcoin is going to get much bigger. Mark Cuban: BTC Will Be a Much Bigger Asset BTC has struck new heights over the past...

Ethereum has hit a new ATH. Ethereum price is now up over 1400% in the past year.  Ethereum (ETH) market price was up nearly 8% today and hit its all-time new high around $2,593.00. As a result, Ethereum’s total market capitalization jumped to around $298.1 billion, with its 24% traded volume on average at around $55.75 billion.The second most valuable digital asset by market capitalization and also DeFi leading ecosystem saw its volatility spike during the day. According to market data...

XRP/USD – Bulls Battle To Stay Above .382 Fib & 20-days MA Key Support Levels: $1.29, $1.25, $1.12.Key Resistance Levels: $1.40, $1.50, $1.77. XRP might be down 28% this week, but it seems the bulls have found solid support at $1.29, provided by a .382 Fib. XRP has closed each daily candle above this support for the past four days, and it is now further bolstered by the 20-days MA. On Sunday, bitcoin suffered a significant price drop which caused the entire market to head...

With the hotness of the cryptocurrency market, more and more people want to make a pot of gold on it. Many messy trading platforms have gradually appeared in the market, but they do not have a good regulatory agency to control and supervise them. Recently, Bexplus, an exchange that has been established for three years, has officially obtained the MSB license under the guidance of the U.S. regulator FinCEN (a financial crime enforcement agency under the U.S. Department of...

Currently, it is not clear what the UK’s Financial Conduct Authority will see fit for the new Binance tradable stock tokens services. The UK’s Financial Conduct Authority speaking to the Financial Times noted that it is working with cryptocurrency exchange Binance to understand its latest services that entail Tradable Stock Tokens. Reportedly, the regulator wants to understand the regulations that may apply to it and also how the firm markets the new feature.Speaking to the FT, the...

Hyundai Motor Company is planning to mass-produce Electric Vehicles (EV) by developing solid-state batteries to implement this plan. Hyundai Motor Company (KRX: 005380) is enjoying a form of its life after recording a Q1 profit that is close to its all-time high in four years. Their net profit surged from 463 billion last year to 1.5 billion won in the first quarter of this year after surging by 175.4%. After releasing their quarterly report, their shares recorded a 2% surge in the stock...