Markets

This past year has been a huge test for financial platforms.The first two quarters crashed the markets, as “coronavirus” and “lockdown” became the defining terms around the world. The reaction of financial assets was entirely predictable: oil plummeted to historic lows, including going negative on some exchanges, the dollar strengthened significantly relative to every other currency, and by the close of the first quarter some analysts were already predicting Bitcoin’s downfall. Nevertheless,...

ADA price rallied towards the $0.3500 level before correcting lower against the US Dollar.The price is now facing hurdles near $0.3000, but trading above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2200 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher once it clears the $0.3000 resistance zone in the near term.Cardano price is recovering losses from the $0.2200 support zone against the US Dollar,...

The cryptocurrency trading volumes on PayPal have skyrocketed to a new all-time high yesterday, shattering the previous record. Having also in mind the growing Google searches for bitcoin, Ethereum, and other digital assets, the question remains if retail investors have finally arrived.PayPal Crypto Trading Volume ATHEver since the world’s largest online payment processor announced last year that it will enable cryptocurrency trading on its platform, the community wondered how long it will...

After the severe crash that drove BTC to about $30,000, the cryptocurrency has recovered some losses and reclaimed $36,000. Most alternative coins have also bounced off yesterday’s lows as the market cap looks to reconquer the $1 trillion level.Bitcoin Back Above $36KFollowing the highly positive first ten days of the new year, BTC headed for its worst 24-hour correction since the mid-March 2020 liquidity crisis.The primary cryptocurrency sat near its all-time high of $42,000 before the bears...

Ethereum price declined heavily after trading to a new yearly high at $1,350 against the US Dollar.ETH price is currently trading well above $1,000 and the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $920 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher if it clears the $1,125 and $1,130 resistance levels in the coming sessions.Ethereum price is recovering nicely from the $920 zone against the US...

It’s quite easy to get caught up in the bitcoin hype. After all, the currency is the face of the digital asset market and presently serves as the largest cryptocurrency by market cap. With its recent jump to roughly $40,000 per unit and the establishment of a new all-time high, it’s hard not to keep our focus and attention on it, but we can’t turn our backs on Ethereum or any of the world’s other high-ranking digital assets, many of which are putting bitcoin’s sudden surges to shame.Ethereum...

An interview by Alyona KarpinskayaInterviewing: Norbert GoffaQ: Currently, everybody is talking about the skyrocketing price of Bitcoin. Did you expect that Bitcoin would reach its all-time high by the end of 2020?A: Frankly, I did not. I expected it to strengthen more by the end of the year, but nobody figured that it would happen at this pace. We analyze the forecasts a lot about the possible change in Bitcoin’s price with our team, but this pace was really surprising. For my part, I...

One of the big problems with bitcoin in the past has been its volatility and the fact that it’s so vulnerable to price swings. At the time of writing, the volatility it’s known for has been presenting a lot of advantages for traders of the world’s number one cryptocurrency by market cap, but one brokerage firm in the United Kingdom – Marex Spectron Group Ltd. – is still looking for a way to ensure people can make money on crypto while avoiding this volatility.Marex Releases New Bitcoin...

The leading cryptocurrency exchange Binance has teamed up with an Israeli blockchain company called Orbs to be the first core sponsors of a DeFi-related program. Dubbed DeFiOrg accelerator, it aims to enhance the research, development, and community engagement in the decentralized finance field.Binance And Orbs Sponsor DeFi AcceleratorThe Malta-based digital asset exchange announced its most recent endeavor in a press release shared with CryptoPotato. It described the accelerator as a program...

Despite the current performance of Tesla, analysts, including those bullish on the stock, are projecting a moderate price target.The shares of electric vehicle manufacturing company Tesla Inc (NASDAQ: TSLA) is down in the pre-market today stirring speculations that the shares of the most valuable automotive company in the world may be well on their way to close today’s trading session with a loss, ending the 12-day winning streak it has enjoyed. According to MarketWatch, the shares of Tesla...