Markets

Many analysts believe the risk coming in for Bitcoin raises a caution to investors.Bitcoin with an incredible run recently saw its market cap skyrocketing to whooping $1 trillion, a new record for the crypto market. Bitcoin’s market record gained the cryptocurrency even more popularity and attention in the community with investors pounding on it. Bitcoin over the weekend went on a great run hitting a new all-time high. Explicitly, the top cryptocurrency on Sunday surged past $58,000 to over...

ETH/USD – Market Rolls OverKey Support Levels: $1760, $1681, $1600.Key Resistance Levels: $1875, $1960, $2000.Ethereum suffered a steep 10% price drop today as it plummets into the $1760 level. The cryptocurrency has been trading within an ascending price channel for the entire period of 2021.ETH had pushed higher over the weekend as it managed to break resistance at $2000 and reach the upper boundary of the price channel. Unfrotenutaly, the bulls could not close a daily candle above...

The trio of Nvidia, Mattel and Domino’s Pizza are receiving a special focus for the week.The US exchanges are set off for a new historic week with many events set to steer the price of some stocks. The core market indices have a mixed performance today, marked by a drop of 0.19% to 3,906.71 in the S&P 500 (INDEXSP: .INX).The Nasdaq Composite (INDEXNASDAQ: .IXIC) saw a slight gain of 0.066% to 13,874.46 after Friday’s trading session and the Dow Jones Industrial Average (INDEXDJX: .DJI) is...

The cryptocurrency market went through a correction today as the total capitalization saw about $90 billion wiped off in a matter of hours. This happened as Bitcoin lost around $5000 of its value while the majority of the altcoins followed through with sizeable losses on their own.The cryptocurrency market was due to a correction, according to many analysts, and it appears that one may have just taken place.Bitcoin lost around $5,000 of its value in a matter of hours, bringing the entire...

CLVA minting began on February 1st, and within the first two weeks, over 1 million dollars worth of CLVA tokens have been minted.One of the unique things that blockchain technology has achieved is innovating the archaic financial system. It has offered a unique architecture to build financial products that provide new features and brought about decentralized finance.Decentralized finance has taken this a notch further by offering a way to provide permissionless services via smart contracts....

Twitter participated in ShareChat’s Series D round back in 2019, leading the 100 million financing round.Twitter Inc (NYSE: TWTR) recently tried to purchase ShareChat, an Indian social media startup according to reports. The social media giant held talks, offering $1.1 billion for ShareChat in a bid to expand its reach in the world’s second-largest internet market. Reports suggest that Twitter expressed its desire to make Moj, ShareChat’s short-form video app, a popular app and a direct rival...

Ripple has registered its business in Wyoming under the name Ripple Markets WY LLC.Ripple, which has not posted much exciting news this year, has recently given the community good news by opening a new company in Wyoming. As per the Wyoming Secretary of State records, the blockchain-based payment company Ripple significantly planned the Wyoming business’s opening as part of their strategy to spread their wings across local communities.Looking at the Wyoming Secretary of State records, the new...

Last Friday, Coinbase sold its recent batch of 127,000 shares at $373 putting the company’s valuation above $100 billion. As per the latest report from Axios Capital, Coinbase valuation stood above $100 billion ahead of its direct listing. As per the publication, the most recent batch of Coinbase shares attracted a price of $373 per share.This happens just four days after Coinbase attracted valuations of $77 billion with its share trading at $300 per piece. So, as it happened, Coinbase...

Stellar lumen price failed to settle above $0.5500 and corrected lower against the US Dollar.XLM price is now trading well below $0.5200 and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $0.5000 on the 4-hours chart (data feed via Kraken).The pair could continue to move down towards the $0.4400 and $0.4200 support levels.Stellar lumen price is correcting gains below $0.5000 against the US Dollar, while bitcoin remains strong. XLM...

Ripple price failed to extend gains above the $0.5800 resistance level against the US dollar.The price is now trading well below the $0.5500 zone and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.5550 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue lower towards the main $0.4650 support zone in the near term.Ripple price is struggling to settle above $0.5200 against the US Dollar. XRP...