Markets

ETH/USD – Bulls Turn Parabolic Above Ascending Price ChannelKey Support Levels: $1500, $1425, $1392.Key Resistance Levels: $1576, $1600, $1646.Ethereum finally penetrated resistance at $1390 yesterday, the roof of a symmetrical triangle pattern. The coin had been knocking on the resistance on numerous occasions over the past week and finally managed to close a daily candle above it as it reached above $1500 yesterday.Today, Ethereum continued with the bullish momentum as it set a new ATH...

The Coinbase outflows to custodial wallets, considered by CryptoQuant as an adequate price prediction tool, have caught the latest price increase that drove BTC from $32,000 to $37,000 in a few days.The CEO of the analytics company attributed this to institutional demand and said that such purchases are among the most notable bullish signals.Coinbase Outflows: Game Changer?Ki Young Ju, the CEO of CryptoQuant, has repeatedly highlighted the importance of Coinbase BTC outflows. He explained...

Alphabet (GOOGL) stock enjoyed a profitable 2020 as they jumped approximately 32.77% during the year.Alphabet Inc (NASDAQ: GOOGL) stock jumped approximately 7.91% during the pre-market session to trade around $2,061. Notably, Alphabet stock had closed Tuesday trading at $1,919.12, up 1.38%.The spike in Alphabet stock in the past two days is largely attributed to the record profits reported during its Q4 earnings results on Tuesday. Notably, Alphabet recorded revenue of $46.43 billion...

The world’s leading cryptocurrency exchange by trading volume, Binance, has launched a beta version of a contactless and borderless crypto payments product by the name of Binance Pay. The exchange will enable its users to send and receive crypto payments worldwide, similarly to PayPal.The Crypto PayPal?Presented earlier today by the company’s CEO, Changpeng Zhao, Binance will launch its latest product – the Binance Pay. Currently, in a beta stage.“Binance Pay is a basket product that we plan...

Guggenheim Partners’ CIO Scott Minerd sees the cryptocurrency industry as a growing and valuable part of the global economy. He doubled-down on his long-term bullish BTC prediction but said that investors need to be wary of the speculative price increase from October 2020 to early January 2021.Minerd On BTC’s Price DevelopmentsThe executive at the Wall Street behemoth has been openly discussing BTC’s price movements and making projections ever since Guggenheim filed documents with the SEC to...

Tron price is holding the key $0.0324 and $0.0310 support levels against the US Dollar.TRX price is now facing hurdles near $0.0350, but it is well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.0330 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong increase if it clears the $0.0350 resistance zone in the near term.TRON price is showing signs of a fresh break above $0.0350 against the US Dollar, while...

Although bitcoin has already existed for over a decade and grown to be one of the largest assets by market capitalization, new data reaffirms the narrative that it’s still early in its adoption phase. However, it expands fast as the number of users on the BTC network 12 years after its launch coincides with what the Internet used to be… in 1997.Bitcoin Vs. The Internet: Userbase EditionThe vast global network that connects computers worldwide, known as the Internet, is among the most notable...

Bitcoin price is slowly rising and it is trading above the $34,000 and $35,000 resistance levels against the US Dollar.The price is now just above the $36,000 level and well above the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $37,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to surge above $37,000 as long as there is no break below the $34,650 support.Bitcoin price is showing a few bullish...

The billionaire investor, Shark Tank personality, and Dallas Mavericks NBA team owner, Mark Cuban; took a few hours to share his knowledge in an AMA with members of the r/WallStreetBets subreddit. He touched on several topics, mostly relating to the collapse of the stock pumping movement and the blockchain industry’s potential.Mark Cuban may have several decades of Wall Street experience, but judging him for what he said on the AMA, he is currently standing on the side of the retail traders....

Coinbase – one of the largest cryptocurrency exchanges in the United States – can’t seem to handle it whenever there’s a major crypto rally. The exchange always seems to undergo technical problems and sometimes even experiences temporary shutdowns. As traders witnessed late last week, the recent bitcoin surge was no exception.Coinbase Loses Power… AgainCoinbase put out a message early Friday morning announcing that the company was experiencing technical problems that forced executives to...