Markets

Bitcoin is doing extremely well as of late. The world’s number one cryptocurrency by market cap has once again surged into the $56,000 range and it looks like the asset is again about to hit its all-time high of $57,000. Bitcoin Mining May Be Doing Some Damage However, with this growth comes a few consequences, and one of those consequences is the carbon footprint that allegedly comes with the extraction of new BTC and crypto mining. As BTC’s price expands, we’re going...

On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets.Nevertheless, it’s safe to say that the cryptocurrency market has come a long way since then. In fact, this was the absolute bottom in the cycle, and it has been up only ever since. Now, 365 days later, Bitcoin’s price is trading at...

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

The world’s leading crypto exchange, Binance, is purportedly being investigated by the US Commodity Futures Trading Commission for allowing residents to trade derivatives without the necessary registration. Although Binance CEO CZ called the development “FUD,” the crypto market reacted with a sudden price drop. Citing people familiar with the matter, Bloomberg reported the CFTC had begun an investigation aiming to determine if Binance has violated any US rules. More specifically, the...

It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world.While the heavily-regulated stock markets activated circuit breakers to ease the pain, no such options were available for the unregulated crypto market. As such, in a day when the S&P...

Generally, the crypto market has been surging over the past months, resulting in an increase in several digital assets.The price of Bitcoin rebounded this week, causing a rise in altcoins like Ether (ETH) and Binance native token BNB. Notably, several factors have been influencing the continuous spike in BTC price. Following Tesla Inc (NASDAQ: TSLA) announcing its $1.5 billion investment in BTC, the digital asset jumped and stirred reactions from the crypto community, who are expecting the...

In a bid to offer more incentives to its investors, traders, and global supporters, the Binance exchange has launched a revised version of staking reward for BNB holders.Binance Coin (BNB), the native digital currency of the Binance cryptocurrency exchange, is rebalancing after being caught up in the volatility that has embroiled the market in the past week. Since the digital coin dropped after journeying to its all-time high (ATH) price of $342.88 on February 19th, it has been an arduous...

In recent times, Chinese authorities have upped their game and are beginning to pay more attention to the activities of internet companies in the country.Reports have emerged that authorities in China have fined 12 companies within its jurisdiction for carrying out activities that violate the anti-monopoly laws of the Asian country. According to the authorities, the, mostly technological, companies broke the anti-monopoly rules and they have each been fined 500,000 yuan which is approximately...

American investors Stanley Druckenmiller and Bill Ackman are set for a huge payday after a record-breaking Coupang IPO. The company debut at $35 on Thursday, surpassing its initial target.South Korean e-commerce giant Coupang raised $4.6 billion in its IPO on Thursday. Coupang further surpassed expectations of selling at $32-$34 a share by opening at $35 and closing the day as high as $41 (CPNG). At the time of press, its shares have pushed higher and are trading for $49.After selling 130...

ETH/USD – Market Falls Into Lower Boundary of Ascending Price ChannelKey Support Levels: $1755, $1700, $1667.Key Resistance Levels: $1876, $1900, $1960.Ethereum started the week on a bullish note after rebounding above $1500 over the weekend. The cryptocurrency went on to form a short-term ascending price channel as it continued to push upward to reach the resistance at $1875 (1.414 Fib Extension).It could not close a daily candle above the resistance and ended up rolling over on Wednesday....