Markets

Nio, Li Auto and Xpeng have all announced an increase in their delivery rate for 2020.Leading Chinese electric car company Nio Inc (NYSE: NIO) has made one of the strongest starts to the year in its history as the company has recorded over 7,200 deliveries in the first month of the year alone. This is an increase of 352% in its yearly growth. Not only that, the stocks of the company has been performing very well too as Nomura gives the car a buy rating while Morgan Stanley pushed the...

Litecoin, the 5th altcoin based on the total market cap, has been quiet recently in terms of new updates and partnerships. Litecoin brands themselves as the Silver of the crypto-assets, whereas Bitcoin is Gold.Litecoins price action for the past quarter, since the October’s MimbleWhimble update. The price is strictly bound to the crypto-market’s sentiment and Bitcoin’s price action. By the time of writing of this article, LTC/USD is traded at $133.50 and is currently traded below the moving...

Wall Street analysts continue to monitor the situation in the oil and gas industry. Shell stock received an average of Over rating from 33 ratings. Royal Dutch Shell Plc (AMS: RDSA) stock continued with its five-day dip as of January 29 at 17.36 GMT +1. Notably, Shell stock was trading around €15.32 after dropping approximately 1.93%. The Netherlands-based global energy company was significantly affected by the coronavirus market downturns. At the time of writing, the stock is trading at...

Stellar lumen price is facing a few important hurdles near $0.3400 and $0.3500 against the US Dollar.XLM price is holding gains above the $0.3000 support and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.3460 on the 4-hours chart (data feed via Kraken).The pair could start a strong upward move if there is a clear break above the $0.3400 and $0.3500 resistance levels.Stellar lumen price is showing positive signs above $0.30000...

After a sharp drop that led BTC for another retest of $32,000, the asset has recovered and climbed back up to nearly $34,000, as of now. However, its dominance continues to decrease as some alternative coins have outperformed their leader, including XRP surging above $0.60.Bitcoin Eyes $34,000The primary cryptocurrency went through a roller-coaster on Friday after Tesla’s CEO Elon Musk updated his Twitter profile to include “Bitcoin” as the only description.The asset responded with an...

Ripple price started a strong increase after forming a base above $0.2500 against the US dollar.The price is now trading well above the $0.5000 resistance and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $0.5050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair traded as high as $0.5806 and it is likely to continue higher.Ripple price is trading in a positive zone above $0.5000 against the US...

Tether has dominated stablecoin markets for the past three years as the treasury has kept churning them out with a record level of almost 27 billion in USDT circulating now.The latest figures from CoinMetrics, however, indicate that its market share has dropped below 75% for the first time ever. More stablecoin options are good for the industry in general as reliance on one centralized provider for dollar-pegged assets is never a good idea.$USDT market dominance in stablecoins is below 75%...

Everyone who owns bonds in MicroStrategy is likely seeing their portfolios expand as of late.MicroStrategy Is Rewarding Risk-Taking ShareholdersThe company was amongst the first major institutional players to pledge support for bitcoin, the world’s leading digital currency by market cap. MicroStrategy ultimately bought more than half a billion dollars-worth of BTC between the months of August and December of last year, and this set up a long stride of additional institutional players –...

The largest US-based crypto exchange Coinbase has classified bitcoin and several altcoins as institutional assets following the developments in 2020. In its yearly report, the company has confirmed the growing institutional interest, the maturing market, and, somewhat surprisingly, the expanding appetite from corporations towards ETH.2020 Established Bitcoin As An Institutional AssetThe challenging last year saw the emergence of Bitcoin as an asset fit to serve the needs of institutional...

The largest US-based cryptocurrency exchange Coinbase plans to go for a Direct Public Listing (DPO) of its Class A common stock. The firm expects the Form S-1 filed with the US Securities and Exchange Commission to become effective after the Commission completes its review.Coinbase Aims For Direct Public ListingCryptoPotato reported in December that the San Francisco, California-based had submitted a draft registration with the SEC to go public with an initial public offering (IPO). Early...