Markets

During the past 24 hours, Bitcoin tanked to $15,100, but it has recovered since then and trades around $15,400. Most high and mid-cap altcoins have outlined substantial gains and have reduced BTC’s dominance to below 64%. Bitcoin Price Slides But Recovers After peaking at nearly $16,000 last week, Bitcoin has struggled with maintaining such a high price tag. It dropped below $14,300 a few days after, but managed to initiate a false breakout towards $15,800 when news broke...

Bitcoin price started a strong increase above the $14,000 and $15,000 resistance levels against the US Dollar.The price is now trading well above the $15,000 support and the 55 SMA (H4).There is a key bullish trend line forming with support near $15,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but there are high chances of more upsides towards $16K.Bitcoin price is showing bullish signs above the $15,000 zone against the US...

The milestone comes as TVL across all DeFi protocols hits a record high of $13 billion according to Defi Pulse. So far this month, over $2 billion has been added to DeFi protocols in terms of dollar value crypto collateral, but some of that may be attributed to the increase in Ethereum prices. In terms of ETH, there is now 8.5 million, or 7.5% of the total supply, locked in DeFi and 3.3 million ETH on Uniswap alone. Uniswap, The King of DeFi Uniswap remains at the top of the...

Bitcoin is currently resting along the support of what appears to be an early ascending triangle. Although this pattern is typically a bullish continuation formation, there are 3 concerning factors that suggest BTC prices are about to tumble. (1) There’s substantial divergence on the 4-hour RSI that indicates the current trend is particularly weak (yellow line on indicator). (2) Prices are now pushing sideways after yesterday’s failed attempt to close above the former close...

Stablecoins have seen their utility climb dramatically in recent months, partially thanks to the explosion of innovation in the decentralized finance (DeFi) industry.In the last year, the market capitalization and daily trading volume for most major stablecoins have skyrocketed as demand for price-stable crypto assets increased dramatically at this time.Stablecoins are now used by several million cryptocurrency holders, and account for almost 40% of all cryptocurrency trading volume, while...

The expectation of market watchers is that vaccine development would herald a recovery of the global economy.Airline and casino stocks reacted to the news of a potential vaccine for coronavirus on Tuesday. Asia-Pacific markets are the first to feel the impact of the possible development of a vaccine for the pandemic that has affected the industries and had a massive impact on the global economy.On the other hand, stock of companies related to “sit-at-home” have not fared as well with the...

[PRESS RELEASE – Please Read Disclaimer Below] Dr. Richard Satur, CEO of VIC Rewards, and Gyanendra Khadka, CEO of XcelTrip, are partnering to raise stakes initially from ASEAN, Indian and Korean Wellness and Vitality digital space; before they take on the global Medical-Tourism marketplace. XcelTrip with over 2.4 million hotels and 450+ flights worldwide, is already an impressive online travel OTA platform. VIC Rewards, on the other hand, is also building its huge presence...

All tech companies like Zoom Video, Amazon, Netflix, and Shopify entered major correction on Monday as Pfizer and BioNTech announced that its COVID-19 vaccine candidate has delivered a 90% efficacy rate.On Monday, November 9, the positive news of Pfizer‘s COVID-19 vaccine candidate rocked the US stock markets and especially stay-at-home stocks. The Dow Jones Industrial Average (INDEXDJX: .DJI) jumped over 1000 points in the early trading session.The stock movement, however, was quite...

The ‘One More Thing’ event is to be held virtually from the Apple Park at 11:30 pm (IST) via the dedicated Apple Events mini-site.Apple Inc (NASDAQ: AAPL) shares closed Monday’s trading session at $116.32, 2% down. The drop had further continued during Tuesday’s premarket as they were approximately 1.39% down. The downfall comes at a time when Apple is expected to unveil a new line-up of Silicon-powered Mac notebooks and computers during the November 10 ‘One More Thing’ event.Apple has its...

Just at the time when the COVID-19 economic uncertainty has sucked capital out of the UK’s FinTech landscape, the threats of no-deal Brexit can make the situation even more worse for them.FinTech startups in the UK have accelerated their working on contingency plans in case of no-deal Brexit. The European Union and Britain are yet to come to mutual agreements for a trade deal before December 31, 2020.So far, the UK continues to get access to the European market as part of the transition...