Markets

Binance is the world’s largest cryptocurrency exchange by means of daily trading volumes. In the few short years since its launch, the venue went on to become a leading company in the industry. In fact, launching coins up for trade on the exchange has created the so-called “Binance Effect.” In short, when a cryptocurrency is selected and launched for trading on the platform, its price usually undergoes a substantial surge. Now, the CEO of Binance, Changpeng Zhao, has hinted...

Bitcoin went on a roller-coaster ride in the past 24 hours from a new yearly high of nearly $14,000 to dipping below $13,000. Most altcoins mimicked their leader, and the total market cap has dropped by $15 billion. Bitcoin’s Wild 24H Ride As CryptoPotato reported yesterday morning, everything seemed to be going in BTC’s way. The cryptocurrency was surging and peaked at another 2020 high. In fact, with a price of $13,865, it came inches away from breaking last year’s record...

EOS traded to a weekly high at $2.755 before starting a downside correction against the US Dollar.The price is currently trading above $2.620 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $2.688 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could resume its rise if it clears the $2.700 and $2.720 resistance levels in the near term.EOS price is holding important supports above $2.600 against the US...

Litecoin price traded to a new monthly high at $60.92 before correcting lower against the US Dollar.LTC price is currently trading above the $55.00 support level and the 55 simple moving average (4-hours).There was a break below a major ascending channel with support near $56.15 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it stays above the $55.00 support in the near term.Litecoin price is correcting gains from the $61.00 zone...

Bitcoin bulls are trying to regain lost ground after failing to break the high set back on June 26, 2019, at $13,880. This would’ve been the highest price Bitcoin has reached in over 490 days, however, heavy selling pressure and a weakening uptrend caused prices to tank over 7% in under 12 hours. Right now, the leading crypto is back inside a rising channel pattern and stuck under the median line resistance (white dashed middle line on the following chart). Over $17 billion...

Apple Inc has doubled down on its efforts to develop its own search engine similar to that of Alphabet Inc.According to the report by CNBC, the move came amidst the launch of an investigation by the Department of Justice (DOJ) in a bid to investigate the reported sum of money Google pays to Apple for making the former’s search engine the default in all of the latter’s devices.The United States regulators and official meant business not just to ensure that the top tech firms in the U.S....

Well, it looks like bitcoin has taken a fall in the past 24 hours, but why?Bitcoin Dips in the Past DayJust a day ago, the world’s number one cryptocurrency by market cap had crossed the $13,000 line for the first time in over a year. The asset had shot up to approximately $13,100 and many were celebrating that things were really turning around for the coin, which had had a rather dismal September.The price expansion came following news that PayPal – arguably the largest digital payments...

The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases. According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards. It will be available in nearly 30 countries, including the US, the UK, and across Europe. It will be connected to customers’ Coinbase accounts, and they can spend the...

Former hedge fund manager and CEO of Real Vision, Raoul Pal, believes that the real impact of the COVID-19 pandemic is about to reach the financial markets. By outlining several upcoming cornerstones among traditional financial assets, he highlighted Bitcoin as the “life raft” in this situation. Raoul Pal: Everything Has Changed In a recent Twitter thread, the Wall Street veteran outlined the rapidly growing COVID-19 cases worldwide. The total number of infected has neared 45...

There’s never a boring day in the cryptocurrency field. Yesterday, the entire community was ecstatic as Bitcoin’s price made a run for the 2019 highs. Unfortunately, it came inches away from it and started to retrace. Today, the total cryptocurrency market capitalization is down about $15 billion since its most recent peak hours ago. Bitcoin Price Down $700 in Hours Crypto bulls would have to wait another day as the most recent surge has been halted. Bitcoin’s price lost...