Markets

The start of 2021 has seen a revival of Bitcoin – the major cryptocurrency that acts as a tug for the rest of the crypto market. And though the surge in its price marks an important milestone in its history, a major question remains about the viability of the rest of the market and the phenomenon of DeFi that has led to the popularization of cryptocurrencies as means of payment in 2020.There is no doubt that cryptocurrencies are shrouded in more doubt than opportunity as most participants in...

Bitcoin price is struggling to clear the $34,000 and $35,000 resistance levels against the US Dollar.The price is now trading well below $34,000 and the 55 simple moving average (4-hours).There are two major bearish trend lines forming with resistance near $34,000 and $34,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline sharply if it fails to stay above the $30,000 support zone.Bitcoin price is showing a few bearish signs below $35,000 against the...

Bitcoin has taken a bit of a stumble as of late. The world’s number one digital currency by market cap – which spent most of early January trading for over $40,000 (its highest point yet) – has dropped to about $33,000 at press time. The move has quite a few analysts and industry experts worried, but according to Michael Saylor – the CEO of MicroStrategy – next month could be rather big for the asset.Michael Saylor Will Push a BTC AgendaMicroStrategy has made quite a name for itself over the...

Bitcoin has been in somewhat of a slump over the past few days as the price doesn’t seem to be able to kick-off and reclaim the previous highs.One possible reason for this could be the fact that bitcoin miners have been realizing profits since the price hit its all-time high at $42,000, according to the CEO of cryptocurrency analytics company CryptoQuant. Data also shows that there are many investors sitting on the sidelines, waiting for a clearer market direction.Bitcoin in a Slump as Price...

GameStop shares have managed to scoop 470%, 265%, and 116.31% in the past three months, one month, and five days respectively.GameStop Corp Cl A (NYSE: GME) stock has been the talk of the market for the past few days, particularly for the astronomical price rally. The continued difference between short-sellers and social media-based investors, WallStreetBets from Reddit, has fueled the rally that saw GameStop stocks attain a new all-time high.GameStop stocks closed yesterday trading at...

Virgin Galactic stock has climbed more than 106% over the past year. These days, the stock is also in the green.American spaceflight company Virgin Galactic Holdings Inc (NYSE: SPCE) continues to record increases in its stock. On the 25th of January, Virgin Galactic surged 13% before a correction where the company lost the gains. On the same day, the stock recorded both loses and gains, showing investors uncertainties around the spaceflight company.A report by The Motley Fool highlighted the...

Bitcoin outpaced other digital assets as it saw 97% of the total inflows, notwithstanding the fact that it dominates the Assets Under Management (AUM) by 83%.Bitcoin is building on its reputation as the world’s largest cryptocurrency by market capitalization as a new report has shown more impressive data about the coin. The report, a publication from crypto asset management firm CoinShares, dubbed the ‘Digital Assets Funds Flow Weekly’, revealed that the Bitcoin average daily trading volume...

ADA price found support near $0.2780 and recovered above $0.3200 against the US Dollar.The price is now facing hurdles near $0.3500 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).The price is likely to start a fresh increase if it clears the key $0.3600 resistance zone.Cardano price is holding gains above $0.3200 against the US Dollar, while bitcoin is declining. ADA price is...

Ethereum price traded to a new all-time high at $1,478 before correcting lower against the US Dollar.ETH price is currently testing the $1,330 support and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $1,200 on the 4-hours chart (data feed from Coinbase).The pair could eye a fresh increase above the $1,400 and $1,450 resistance levels.Ethereum price is trading in a bullish zone above $1,200 against the US Dollar. ETH/USD is likely to make...

After the news about the deal with Latch, TSIA stock has skyrocketed in the pre-market.Latch, maker of the popular software-as-a-service (SaaS) platform LatchOS has announced that it would now be merging with an acquisition company started by the renowned real estate developer and investment manager Tishman Speyer, TS Innovation Acquisitions Corp (NASDAQ: TSIA). TSIA is a publicly-traded company that focuses on special purpose acquisition. The merger would lead to Latch becoming a publicly...