Markets

After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces BTC has performed quite decisively lately. The asset jumped to a new year-to-date high on Friday of just shy $16,000. Although it...

Litecoin price started a downside correction after testing the $65.00 resistance against the US Dollar.LTC price is currently testing the $58.00 support and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $60.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to resume its rise if it clears the $60.00 resistance level in the near term.Litecoin price is correcting gains and trading near $58.00 against...

Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins to carry out its climate change management policies. Ripple’s head said firms that are hodlers of the...

This new partnership between GDA Capital and Elitium is expected to provide great new working opportunities.On November 10, reports emerged that the GDA Group’s capital markets arm, Global Digital Assets (GDA Capital), and Elitium (EUM) had agreed on a strategic partnership. This new alliance will enable the two firms to work on many joint initiatives, expand their global networks, and speak at many top industry events. Moreover, the partnership will help in the creation of extensive...

The HKEX CEO believes the ongoing swing in the global markets may continue well beyond January when the United States President-Elect Joe Biden will officially assume office.The outgoing Chief Executive Officer (CEO) of the Hong Kong Stock Exchange (HKEX) Charles Li has revealed that he was disappointed by the authorities to move to suspend Ant Group’s scheduled public listing. The public listing which was scheduled to take place simultaneously on both the Hong Kong Stock Exchange and the...

China Construction Bank clarified that it doesn’t work with Bitcoin or any other cryptocurrency. However, it will accept bond deposits made in Bitcoin.One of the world’s largest bank by market capitalization, China Construction Bank Corp (HKG: 939), has partnered with a Hong Kong-based fintech to issue blockchain-powered offshore bonds that are tradable in Bitcoin. According to the news outlet Cointelegraph, China Construction Bank plans to raise up to $3 billion in the project. Moreover, it...

The stocks of such companies as Xiaomi, Tencent, and Meituan Dianping recorded a fall of 5.73%, 5.38%, and 7.47% respectively. A recent report has revealed a drastic fall of market caps of five Tech giants in China over regulatory issues. The likes of Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Xiaomi Corporation (OTC: XIACF), JD.com Inc (NASDAQ: JD), and Meituan Dianping (MPNGF: OTC) had their fair share of the fall. The regulatory move by the Chinese regulators...

Although the increased volatility indicates a possible rise in Bitcoin market price, the fear and greed index pushed above 90 on the scale of 0-100 last week.Bitcoin volatility has increased in the past few months but more in the last month. According to the Bitcoin weekly report done by Arcane Research, Bitcoin spot volume increased more than 270% over the past month. Ostensibly, this is the highest level recorded in 2020, which coincided with Bitcoin price hitting a new yearly all-time...

Tron price started a downside correction after trading as high as $0.0267 against the US Dollar.TRX price is currently just above $0.0250 and the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance at $0.0252 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a strong increase if there is a clear break above $0.0252 and $0.0255.TRON price is currently consolidating above a key support against the US Dollar, similar to bitcoin...

Bitcoin is following the plan like “clockwork” after the third halving, said the creator of the popular stock-to-flow model. He also reaffirmed his belief that the S2FX model is correct, and BTC will trade between $100,000 and $288,000 per coin by the end of 2021. BTC Moving Like Clockwork The stock-to-flow model and its variations are among the most popular BTC price prediction tools within the cryptocurrency community. It was created by an analyst going by the Twitter...