Markets

Bitcoin has been doing extremely well as of late. At the time of writing, the world’s number one digital currency by market cap has shot beyond the $56,000 mark, and it looks like the currency isn’t set to slow its momentum anytime soon.Bitcoin Is Continuing to ExplodeRecently, bitcoin moved beyond a $1 trillion market cap, making it more comparable to gold. This is more than double the $500 billion it was at during the early portions of 2021. It has also shot up in price by more than five...

ETH/USD – Market Falls Of Out Rising Pirce ChannelKey Support Levels: $1465, $1425, $1358.Key Resistance Levels: $1600, $1681, $1700.Yesterday, Ethereum dropped to $1550 but quickly recovered by the end of the day to close the daily candle just beneath $1800. Today, the market tumbled again and declined by another 10% to reach the current $1550 level.Ethereum had slipped further earlier in the day, reaching a low of $1358 before recovering to its current rate. The support here was provided by...

While Spotify’s market expansion drive is ambitious and will help push the company to maintain a better global streaming audience, the platform has other tech behemoths offering similar services to compete with.Swedish audio streaming and media services provider Spotify Technology SA (NYSE: SPOT) is planning a global expansion to new markets. The company’s plans were made known on Tuesday at a live streaming event that featured Justin Bieber, Prince Harry, and Meghan Markle.Spotify was...

Bitcoin plunged. It lost somewhere around $13k, or 25% in the past couple of days. It’s not alone. The entire crypto market is bleeding.Data from CoinMarketCap shows that the capitalization lost around $365 billion since Sunday. For reference, last year, on this date, the total market cap of all cryptocurrencies was $283 billion. There’s no sugarcoating it – the crash is substantial, and it might not be over yet.Cryptocurrency Market Cap. Source: CoinMarketCapBut what led to it? Well, there’s...

Fast 20 Prozent hat der BTC in den letzten Stunden verloren. Ein massiver Selloff, der den Kurs sogar wieder unter 50.000 US-Dollar drückte. Große den Markt beeinflussende politische Meldungen blieben allerdings in den letzten Tagen aus, so dass sich die Frage stellt, was die Ursache dieses Selloffs ist. Bitcoin News: Bitcoin Selloff mal wieder von Whales verursachtOffenbar waren es mal wieder Whales, die einen Selloff auslösten. Allein auf der Winklevoss-Börse Gemini wurden Aktivitäten einer...

The heavy correction in Bitcoin’s price continues for a second day with another sharp 17% price plummet only today, and a total of 25% since hitting the current all-time high of $58K just two days ago.The recent drop is largely attributed to the fact that there was a cascade of long liquidations, causing a snowball effect within the market and driving it even lower. As of now, today’s low lies at $44,845, according to Bitstamp.Looking at the bigger picture, Bitcoin has now dropped beneath the...

[PRESS RELEASE – Please Read Disclaimer]Nimbus, a DAO-governed platform that offers over 10 reward streams based on IPO participation and other tools in one spot, has announced its NBU token listing on Uniswap, on the 24th of February 2021, 12 PM GMT.This event might draw even more attention than the recent NBU launch. At the launch, the NBU market cap reached roughly $35 million in just two days, as daily transactions peaked at $430,000, and the locked liquidity hit as high as...

ADA price extended its rally and it even surged above the $1.00 resistance against the US Dollar.The price is trading nicely above the $0.9500 support and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.9550 on the 4-hours chart (data feed via Bitfinex).The price is likely to continue higher above the $1.05 unless there is a close below $0.9500.Cardano price is trading in a strong uptrend above $0.9500 against the US Dollar, similar to...

Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC).MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook, the company said:“In addition, the Company is not planning for any benefit from Ripple market development fees in the first quarter. Due to the...

Ethereum price traded to a new all-time high at $2,043 before correcting lower against the US Dollar.ETH price is currently trading well below $1,750 and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $1,840 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue lower towards the $1,640 and $1,600 levels in the near term.Ethereum price is correcting gains from well above $2,000 against the US Dollar. ETH/USD...