Markets

Ripple price is slowly moving higher towards the $0.4800 and $0.5000 resistance levels against the US dollar. The price is now stable above the $0.4450 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue higher once it clears the $0.4800 and $0.5000 resistance levels. Ripple price is showing a few...

Historically, stimulus checks have been pumping the cryptocurrency market. Let us see if we see another round of bullish marathons this time. Today’s picks are AAVE, LINK and ETH.There was a theory that whenever the US Stimulus bill was accepted, the cryptocurrency market will skyrocket and the signing of the Bill by President Biden will establish a new bullish cycle. Yesterday, March 6, the Senate approved the $1.9 trillion bill, on Tuesday the House Democrats are expected to pass the bill...

Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market.This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth of Bitcoin.Although a large Hong Kong-listed firm publicly buying Bitcoin is undoubtedly noteworthy in and of itself, it’s interesting to note Meitu founder Cai Wensheng’s...

The market for non-fungible tokens, more popular for their abbreviation, NFTs, is booming. It’s no secret that interest in it is growing, having many to believe that it’s in a state of a bubble.Now, data shows that retail interest in NFTs has surpassed that for ICOs back in the peak of initial coin offerings in early 2018.NFT Craze Surpassing ICO MadnessThose who’ve been here long enough are aware of how crazy the market was back in the second half of 2017 and early 2018. Major...

After flirting with the coveted $50,000 price tag, BTC has initiated a leg up that has spiked the price above it. Will this flit be longer than the last ones? only time will tell.Meanwhile, most altcoins have also followed their leader on its way north. Ethereum, the second-largest crypto, has neared $1,700 just two days after bottoming at $1440. The total market cap has added $100 billion in a day.Bitcoin Takes Down $50K (Once Again)Ever since BTC retraced by $7,000 from the $52,500 price...

While the COVID-19 pandemic has slowed down markets worldwide, especially the US stock market, several investors and traders went after alternative assets and options that could provide them a better store of value.The United States Senate approved by a 50-49 party-line vote a $1.9 trillion coronavirus stimulus check, a plan already announced by Joe Biden at the beginning of January. This COVID-19 package relief includes the third round of stimulus checks that will be passed to president...

The morale among bitcoin hodlers remained high during the market correction. Most of those who acquired tokens this year were unwilling to let go of them, even if Bitcoin had its worst registered price drop..A chart shared by blockchain analytics firm Glassnode revealed that most of those who bought bitcoin in 2021 have not sold them. If a strong hodl spirit in the middle of a volatile market seems odd, The SOPR (Spent Output Profit Ratio) metric could offer an explanation.HODL,...

Institutional adoption of bitcoin is increasing tenfold, and exchanges are playing a crucial part in garnering these institutions the digital assets they’re so desperate for. Changpeng Zhao – the CEO of Binance, arguably the largest and most popular crypto trading platform in the world – has stated that he’s seeing huge bursts of institutional interest in his company, and that large buys are becoming much more common. Binance Is Seeing Its Clientele Grow Binance came...

A team of analysts with the firm D.A. Davidson suggests that the new Coinbase public listing is going to be an “Amazon” moment for the world of crypto. Coinbase Is Going to Set a “Crypto Precedent” For the most part, the Coinbase listing is a big deal for the digital asset space. The industry has longed for mainstream status and legitimacy for quite some time, but the fact remains that the space has been wrought with fraud and crime, and the volatility of most mainstream...

Silicon valley billionaire bitcoin advocate and Twitter chief Jack Dorsey has finally joined the NFT craze. It was long coming, but Dorsey has made his grand entrance to the scene. He digitized his very first tweet and has auctioned it on Valuables, a platform that allows individuals to tokenize and sell their tweets.At the time of this writing, Justin Sun has bid $2 million for the piece.“Virtually” Anything is Possible With NFTsDigital asset enthusiasts have broken the bank for real estate...