Markets

With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset.Bitcoin Surpasses Tesla For The 7th SpotElon Musk’s Tesla shocked the world after it filed Form 10-K with the US SEC, in which the founded in 2003 clean energy giant said it had purchased $1.5...

ADA price started a strong increase above the $0.6000 resistance level against the US Dollar.The price even cleared the $0.7000 level and settled above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.6550 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher above $0.7200 as long as it is above the $0.6500 support.Cardano price is holding gains above $0.6500 against the US Dollar, while bitcoin is surging....

Ethereum price is showing a lot of positive signs above the $1,500 and $1,650 resistance levels against the US Dollar.ETH price is currently trading well above $1,700 and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $1,480 on the 4-hours chart (data feed from Coinbase).The pair seems to be eyeing an upside break above $1,800 and $1,850 in the near term.Ethereum price is about to break higher above $1,800 against the US Dollar. ETH/USD is...

BTC is becoming a popular feature on the balance sheets of publicly-listed American companies, with many firms committing a significant portion of their equivalent cash balance to the largest cryptocurrency by market capitalization.Apple Should Buy Bitcoin and Create Exchange PlatformAccording to a client note quoted by Bloomberg, RBC Capital Markets, RBC Capital Markets has urged the iPhone maker to create a Bitcoin exchange platform and also acquire some of the popular cryptocurrency. As...

Ethereum – the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin – has shot up like no other currency this week. The asset has lost much of the attention thanks to bitcoin once again rising beyond the $37,000 mark in the past few days, but it has still set a new precedent and has traders talking about what’s to become of the world’s primary altcoin.Ethereum Is Growing Like No Other CoinEthereum initially began in 2015, which makes it considerably...

It appears that the IEO season is coming back as the newest project that saw its listing on the Binance Launchpad charted massive gains of about 1800% upon being launched.Binance IEO SafePal (SFP) Goes ParabolicInvestors in the latest Initial Exchange Offering (IEO) that took place on the Binance Launchpad platform saw handsome gains of up to 1800%.SafePal (SFP) saw its listing price at $0.10 and skyrocketed up to $1.9 in the first moments after its listing. While it can be argued that it’s...

Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.In an SEC filing on Monday, Tesla Inc (NASDAQ: TSLA) announced that it invested $1.5 billion in Bitcoin (BTC). The mega-tech and automobile company also revealed that it intends to accept Bitcoin as a form of payment in the near future.“As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest...

Today is yet another tumultuous day in the cryptocurrency market. The massive volatility, propelled by the fact that Elon Musk’s Tesla revealed a purchase of $1.5 billion in BTC, caused over $1.34 billion liquidated both long and short positions, though bulls had the upper hand.Things happen quickly in the cryptocurrency market. Bitcoin was trading rather calmly earlier today, making progress towards the $40,000 level after failing to sustain it during the weekend.However, everything changed...

Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance.CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated $1.5 billion in Bitcoin in January 2021, per a Form 10-K filed with the Securities and Exchange Commission...

Reddit’s huge bet might have been viewed as too risky but the company’s popular logo that was visible at the bottom of the ad made all the difference.Social media giant Reddit Inc blew up its entire marketing budget on a five-second WallStreetBets-inspired super bowl live ad on Sunday. Reportedly, Reddit spent close to $1 million on the ad that was challenging for anyone to read it all during the game.However, the company noted it was worth it by all means as the message reached the intended...