Markets

The last days were not very successful for the FAANG stocks, however, Google and Netflix enjoyed some gains.The global stock markets have continued on its upward trend as Wall Street was able to close the previous week with a new high. During this period stocks on Nasdaq, S&P 500 and Dow Jones recorded gains ranging from 1% to almost 2%. Nasdaq recorded the highest with a move up the with 1.73%. However, despite the gains recorded by these stocks, the big-five technological company stocks...

The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation.Institutional Interest as the Long-Awaited Sign for Crypto RegulationsUS Securities and Exchange Commission (SEC) commissioner Hester Peirce has said that there is a need for precise cryptocurrency regulation. According to a recent news report, the...

[Featured Content]At this point, it’s undeniable that the cryptocurrency market is becoming a factor to be considered as digital currencies, in general, boom in value.This has also caused the interest in them to spike tremendously over the past few months, as more and more people are looking for means to buy, sell, and hold cryptocurrencies. This is clearly supported by data from Google Trends. As CryptoPotato reported earlier, retail interest is soaring as ‘buy crypto’ Google searches...

Hester Peirce wants more precise cryptocurrency regulations amidst crypto adoption by big companies.In a declaration, the US SEC Commissioner Hester Peirce spoke about the urgent need for more precise cryptocurrency regulations as big companies such as Mastercard and Tesla continuously seek to adopt more digital assets.The Commissioner at the US SEC, Hester Peirce made the declaration in an interview where she applauded this new generation of investors in financial markets. However, Hester...

Economies all over the world are beginning to recover. Asia seems to be leading the world. For Japan’s Nikkei 225 in particular, reaching a major milestone, topping 30,000, a first in over 3 decades.For the first time since 1990, Japan’s Nikkei 225 climbed above 30,000. On Monday, after a 1.9% rise, Nikkei closed at 30,084.15. This close dates back to late 1989, just before the Japanese market crash. Then, the market rose as high as $38,000 before losing more than half in three years.On the...

Over 260 million Rolls-Royce preferred shares exchanged hands on Friday.Rolls-Royce Holding PLC (OTCMKTS: RLLCF) preferred shares closed Friday trading at $0.0169, up 191.38%. Despite being shuttered by the pandemic, Rolls-Royce is well poised to rise beyond its pre-covid levels. As a result, investors and analysts continue to hype around Rolls-Royce preferred stocks, as observed at the end of last week.Notably, over 260 million preferred Rolls-Royce shares exchanged hands on Friday. To put...

Stellar lumen price started a fresh decline from the $0.6060 high against the US Dollar.XLM price is approaching the $0.4500 support and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $0.44020 on the 4-hours chart (data feed via Kraken).The pair could start a fresh increase as long as it is above the trend line and $0.4200.Stellar lumen price is correcting gains from the $0.6060 yearly high against the US Dollar, similar to bitcoin. XLM...

This Monday, in the EU morning trading session, the cryptocurrency market is going through a pullback. Bitcoin got rejected at $50K as it was unable to break this level, resulting in a drop that saw around $70 billion wiped off the total cryptocurrency market capitalization at the time of this writing.Bitcoin Price Fails at $50K.Hopes were high yesterday that the price for Bitcoin would finally break the coveted $50,000 mark. The cryptocurrency came very close to breaching it. It charted a...

Ripple price started a fresh increase above the 0.5000 and $0.5500 resistance levels against the US dollar.The price is now trading well above the $0.5000 zone and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $0.5400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to remain well bid above the $0.5200 and $0.5000 support levels in the near term.Ripple price is trading in a positive zone above $0.5000...

Bitcoin is reminding of itself. The cryptocurrency saw an impressive increase of more than $2,000 in the past 12 hours. This allowed it to set a new all-time high above $49,000. It also had the BTC dominance index increase as altcoins chart mild drops.Bitcoin Price Eyes $50KThe past few days saw Bitcoin’s price being rather indecisive as the cryptocurrency was unable to follow through on its break to $49,000 and tumbled over.Since February 12th, BTC was trading in a range between $46K and...