Markets

Bitcoin has managed to hit a high at nearly $56,000 today but has since retraced a bit and it now hovers above $54,000. However, BTC’s dominance suffers as some altcoins, including Binance Coin, have surged in the past 24 hours, and the metric is just slightly above 60%.Bitcoin’s Stays Above $54KEver since the primary cryptocurrency dipped to $47,000 on March 6th, the bulls took control and pushed the asset north. In the following days, BTC firstly reclaimed the coveted $50,000 before heading...

Bitcoin price started a fresh increase above the $52,000 resistance zone against the US Dollar. The price is now trading well above $52,000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $51,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue higher above the $55,000 and $56,000 levels in the near term. Bitcoin price started a fresh rally from $43,000 against the...

Two of the largest cryptocurrency exchanges in the world – Binance and Coinbase – appear to be duking it out over cryptocurrency. The Coinbase Premium Has Got Some People Worried Binance is based in Asia, while Coinbase is in North America. The two territories are arguably fighting over the status of bitcoin and where it goes in the future, and analysts are warning about which platform to work with depending on what the asset’s price will be. Industry heads are...

To say that Bitcoin steals the spotlight of stocks and most other assets would be an understatement. The biggest cryptocurrency by market cap reached its all-time high price of $58,012 and valued at $1 trillion in February. Although its price tumbled to $43,000, following the footsteps of the stock market, Bitcoin has gained over 1200% from its in the past years. Still, market sentiments are divided on whether Bitcoin is a scam or the very tool to transform our payment...

The cryptocurrency market started the week on a good note with Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization breaking past the $50,000 psychological level, a great rebellion from the bear forces that has kept it down for days.The market has received renewed energy, and the appropriate palliatives to chart a new course evident in the current price movements today. At the time of writing and according to the price feeds obtained from CEX.IO, Bitcoin is trading at...

Parity Technologies aims at developing and releasing a generic asset parachain to serve as one of the first common-good chains on Polkadot. Dubbed Statemint, it would provide functionality for deploying various asset types, such as tokenized artwork or even central bank digital currencies (CBDCs).Statemin to Come on PolkadotThe press release shared with CryptoPotato explained that the on-chain governance networks of Polkadot and Kusama can currently grant parachain slots by public referendum...

Investors see Bitcoin as a potential inflation hedge as trillions of dollars were pushed into financial institutions by central banks across the globe in an attempt to restore a coronavirus-affected economy.According to reports, the Wall Street firm Goldman Sachs took back its 2018 launched cryptocurrency trading desk and gave it a fresh start. Until the beginning of this year, when Bitcoin was experiencing a booming market that placed it at the top of the list, the famous Wall Street company...

Coinbase’s decision to go public is also an indication of the growing adoption and acceptance of cryptos by the mainstream.It is no longer news that Coinbase is going public through a direct listing on Nasdaq. Reports have now emerged that the leading crypto exchange company is now valued around $90 billion after its shares sold for $350 per unit during a Private Market auction hosted by Nasdaq last week.According to the report, the crypto exchange was first valued at around $77 billion in...

Virgin Galactic stock is currently at $27.81 in the pre-market trading, increasing 4.82% over its previous close of $26.53.American spaceflight company Virgin Galactic Holdings Inc (NYSE: SPCE) has lost more than 21% in its stock in the last five days. The spaceflight company has been declining since it delivered a non-profitable earnings result for the fourth quarter.On the 25th of February, Virgin Galactic reported an adjusted EBITDA loss of $59.5 million. The decline is an addition to the...

Although one-year Tesla stock figures look good, 5-day, 1-month, and year-to-date movements are currently taking the heat, despite Bitcoin purchases.Tesla Inc (NASDAQ: TSLA) Is experiencing a considerable market downturn as the company’s stock has not maintained achieved increases from Bitcoin investments. The Elon Musk-led electric car maker has recently been trading in red, somewhat depleting gains from heavy crypto investments. Specifically, the Tesla market cap has lost $277 billion in a...