Markets

Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital Management will act as the sub-advisor. Founded in 1965, CI Global Asset Management is an asset manager with over $180 billion in AUM as of January 2021....

Although Ethereum’s price has tumbled by a few hundred dollars since its peak in February, whales have continued to accumulate large portions of the second-largest digital asset. Recent data revealed that large ETH investors own nearly 70% of the total supply – the highest level since late 2017.ETH Whales At a 3-Year HighThe price of ETH has been on a roller-coaster since the start of the year. The asset entered 2021 at $720 before the bull run took it above the previous all-time high at...

The cryptocurrency market continues to flourish, and everyone wants to get a piece of it. As people continue to buy into the digital currency space, SecuX is creating products that allow them to safeguard their crypto assets and use them as a mode of payment whenever necessary. A Taiwanese Blockchain Security Company, SecuX Technology Inc is an emerging state-of-the-art cryptocurrency hardware wallet and payment solutions provider. Around since 2018, SecuX’s products...

Stellar lumen price is likely forming a base above the $0.3800 support zone against the US Dollar. XLM price is now consolidating near $0.4100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4120 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase as long as it is above the $0.3800 support zone. Stellar lumen price is showing a few positive signs above $0.3800 against...

Ripple price is slowly moving higher towards the $0.4800 and $0.5000 resistance levels against the US dollar. The price is now stable above the $0.4450 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue higher once it clears the $0.4800 and $0.5000 resistance levels. Ripple price is showing a few...

Historically, stimulus checks have been pumping the cryptocurrency market. Let us see if we see another round of bullish marathons this time. Today’s picks are AAVE, LINK and ETH.There was a theory that whenever the US Stimulus bill was accepted, the cryptocurrency market will skyrocket and the signing of the Bill by President Biden will establish a new bullish cycle. Yesterday, March 6, the Senate approved the $1.9 trillion bill, on Tuesday the House Democrats are expected to pass the bill...

Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market.This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth of Bitcoin.Although a large Hong Kong-listed firm publicly buying Bitcoin is undoubtedly noteworthy in and of itself, it’s interesting to note Meitu founder Cai Wensheng’s...

The market for non-fungible tokens, more popular for their abbreviation, NFTs, is booming. It’s no secret that interest in it is growing, having many to believe that it’s in a state of a bubble.Now, data shows that retail interest in NFTs has surpassed that for ICOs back in the peak of initial coin offerings in early 2018.NFT Craze Surpassing ICO MadnessThose who’ve been here long enough are aware of how crazy the market was back in the second half of 2017 and early 2018. Major...

After flirting with the coveted $50,000 price tag, BTC has initiated a leg up that has spiked the price above it. Will this flit be longer than the last ones? only time will tell.Meanwhile, most altcoins have also followed their leader on its way north. Ethereum, the second-largest crypto, has neared $1,700 just two days after bottoming at $1440. The total market cap has added $100 billion in a day.Bitcoin Takes Down $50K (Once Again)Ever since BTC retraced by $7,000 from the $52,500 price...

While the COVID-19 pandemic has slowed down markets worldwide, especially the US stock market, several investors and traders went after alternative assets and options that could provide them a better store of value.The United States Senate approved by a 50-49 party-line vote a $1.9 trillion coronavirus stimulus check, a plan already announced by Joe Biden at the beginning of January. This COVID-19 package relief includes the third round of stimulus checks that will be passed to president...