Markets

According to Stack Fund co-founder and CEO Matthew Dibb, the stock market is suffering at the time of writing, and so long as it continues to suffer, bitcoin will suffer as well.Matthew Dibb: BTC Will Suffer So Long as Stocks DoAt this point, there is no reason to deny that bitcoin and the stock market share a special correlation of sorts. Whenever the stock market goes up, bitcoin tends to follow and vice versa. This also works in reverse. If stocks move down, bitcoin will typically edge...

At the time of writing, as the market opened, Virgin Galactic (SPCE) shares are 19.26% up, trading at $19.60.The shares of Virgin Galactic Holdings Inc (NYSE: SPCE) has risen in the pre-market following a boosted share price call by the Bank of America Corp (NYSE: BAC). Per reports from CNBC, Virgin Galactic (SPCE) shares received a buy rating, not only from Bank of America analysts led by Ron Epstein but by the likes of Morgan Stanley (NYSE: MS), Vertical Research Partners, Cowen Inc...

According to Elon Musk, within the next seven years, he expects Tesla to produce over 20 million new vehicles per year. As he said, five years would also be enough, but under the conditions given, reaching this figure is “possible, but unlikely.”Tesla Inc (NASDAQ: TSLA) CEO has highly ambitious plans for the leading electric vehicles maker. Today, early in the morning, Elon Musk wrote that Tesla would produce as many as 20 million cars a year before 2030. Notably, the figure is 50 times more...

17,000 BTC is equivalent to $182 million based on the current price of Bitcoin, which is now still below $11,000.Since Grayscale Investments established its Bitcoin Trust in 2013, the company has systematically increased its holdings of the digital currency. In the past 7 days, the Grayscale Bitcoin Trust acquired another 17,000 BTC which was added to the company’s assets under management (AUM). This brings the firms total bitcoin holdings to 45,000. This is equivalent to $4.7 billion by...

DeFi project Uniswap has reached a milestone of $2 billion in total value locked (TVL). The news is encouraging, considering that earlier in the month it launched its token UNI.At the time of writing, data from DeFi Pulse showed Uniswap total value locked (TVL) stood at $2.03 billion. The trend shows how the decentralized finance (DeFi) market is continuously growing at a fast rate. Meanwhile, the TVL across all DeFi protocols is nearing to an all-time high, now at $11 billion. TVL is a term...

Bitfinex will provide perpetual contracts to traders 24 hours a day seven days a week, unlike equity exchanges that are open for business five days a week.Cryptocurrency exchange Bitfinex with stablecoin project Tether (USDT), will now enable its customers to track Europe 50 (EUROPE50IXF0: USTF0) and Germany 30 (GERMANY30IXF0: USTF0) through perpetual contracts.“This is the first time that an exchange from the digital asset space has launched a product that bridges the gap with traditional...

It’s a major victory for Uber since it gets an entry into one of its biggest markets in Europe. Uber has offered assurance that it has brought major structural changes in terms of passenger safety.On Monday, September 28, ride-hailing giant Uber Technologies Inc (NYSE: UBER) won the legal fight to continue operating in London. Tan Ikram, the deputy senior district judge overturned the ban by the city’s transport regulator – TfL. The judge gave his decision expressing “sufficient confidence”...

T1Markets is a Cyprus based regulated online CFD trading platform operated by General Capital Brokers Ltd. The three-year-old platform operating since 2017 with CySEC license (No. 333/17) offers more than 300 CFD products in forex, cryptocurrencies, commodities, stocks, indices and precious metals.The T1Markets online CFDs trading platform is designed to be user-friendly and packs a lot of features for the convenience of its trading community. Available for both new as well as seasoned...

Stellar lumen price is currently correcting higher from the $0.0668 low against the US Dollar.XLM price is currently trading above the $0.0720 resistance and the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $0.0740 on the 4-hours chart (data feed via Kraken).The pair could accelerate higher once it clears the $0.0760 and $0.0800 resistance levels.Stellar lumen price is showing recovery signs above $0.0720 against the US Dollar,...

Ripple price is recovering nicely above the $0.2400 and $0.2420 resistance levels against the US dollar.The price is now trading nicely above $0.2420 and the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $0.2435 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could continue to rise above the $0.2450 and $0.2500 resistance levels in the near term.Ripple price is showing positive signs above the $0.2400...