Markets

Despite the fact that governments have been kept out of Bitcoin since its inception– they can still influence prices. For many investors, Bitcoin and similar cryptocurrencies signify a highly speculative asset that can not only provide exceptional ROI, but also allow the opportunity for investors of any level to hone their skills at trading. Trading opportunities continue to grow, as DeFi continues to pave the way for institutional interest, while retail and new investor friendly exchanges...

With the burgeoning cryptocurrency market, there is a lot investors have to study before they choose which one to put their hard-earned money into. Bitcoin being a pioneer in cryptocurrency is a popular choice. However, there are three Bitcoin factions in the market today. Businesses and individual investors need to know about these three and how they fared during the pandemic in order to make a smart decision. How Bitcoin Split into Three   In 2017, the Bitcoin...

After several consecutive days of price drops, bitcoin initiated an impressive leg up yesterday and even touched the coveted $50,000 tag. Most alternative coins have also reacted positively, including ETH overcoming $1,500, LINK nearing $30, and BNB reaching $250.It’s worth noting traditional financial markets are also recovering. Yesterday, the S&P 500 is up by more than 2%, the NASDAQ Composite – by more than 3%, and the NASDAQ 100 by almost 3%.Bitcoin Taps $50K AgainEver since BTC...

Ethereum price corrected lower towards the $1,300 zone before recovering higher against the US Dollar. ETH price is currently trading well above $1,500 and the 55 simple moving average (4-hours). There was a break a key bearish trend line with resistance near $1,480 on the 4-hours chart (data feed from Coinbase). The pair is likely to continue higher if it clears the $1,650 and $1,700 resistance levels in the near term. Ethereum price is recovering from $1,300 against...

Bitcoin has been a major focal point of discussion as of late. The world’s number one digital currency by market cap experienced a record bull run during the month of February, but during the final days of the month, the currency came crashing down and experienced a $10,000 dip. The asset fell from roughly $56,000 per unit to about $46,000, which is what it remains at still. The Latest Bitcoin Slip Hasn’t Caused Many People to Turn Despite this mega drop, the currency...

Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) monthly price movements.Tesla Joins the Bitcoin Craze Pushing Prices to New All-Time HighsBitcoin kicked off February on a good posture. After enduring a month-long consolidation period that began on January 8th, BTC was able to slice through the $35,000 resistance barrier and resume its uptrend.By February 6th, the pioneer cryptocurrency had risen nearly 24%...

Question: Can you buy cryptocurrency on one exchange and sell it on a different exchange? Answer: Yes.Question: Why would you want to do this, and what is it called?Answer: It’s call Arbitrage, and cryptocurrency investors do it to make money.Just like any other asset, cryptocurrencies are worth what someone else is willing to pay for them. And as it happens, Bitcoin is worth more in certain areas of the world, as well as between different exchanges. This means there is a profit margin that...

Citi says that another cryptocurrency might be able to usurp Bitcoin from its current high position citing the fact that altcoins have witnessed their market cap grow by almost 4 times in 2020.Citi Bank has released a new report that indicates that Bitcoin is at a “tipping point” of its evolution due to the increased investments in the asset by leading institutions and the ongoing regulatory works being put in place by the authorities. According to the report, the digital could evolve to...

Rakuten users will be able to shop using Bitcoin, Ethereum, and Bitcoin Cash.Japanese e-commerce and online retailing company Rakuten Inc (TOKYO: 4755) has added crypto services to its payment platform. According to an announcement through its official webpage, Rakuten users will be able to shop using Bitcoin, Ethereum, and Bitcoin Cash.The move by Rakuten to adopt cryptocurrencies in its platform is a major plus for the entire crypto market. The firm is reported to have over 95 million...

The big point that the COVID-19 world saw was the cancellation of all sporting events. This led to the punters feeling sad at the lack of any gaming market.March 2020 was when more and more countries fell prey to COVID-19. It was only a matter of days when the disease took the form of a pandemic. All the countries started shutting down their businesses. This led to the business falling and only an uncertain future ahead for many. Online gaming fluctuated from one sector, not seeing much of a...