Markets

The Alphabet union group has pointed out that each registered member will contribute 1% of their annual compensation to the union. Alphabet Inc (NASDAQ: GOOGL) stocks were trading around $1,759.49, up 0.39% during Monday’s pre-market session. Alphabet shares managed to jump over 28% last year, thanks to the coronavirus pandemic. Having successfully delivered to its shareholders last year, the company successfully migrated to a remote working system to control the spread amongst its workers....

Reports suggest that what seemed to be a redesigned version of the Tesla Model S may also be a prototype of the looming Model S Plaid.Tesla Inc (NASDAQ: TSLA) has started the year with a tricky costume as a redesigned version of its Tesla Model S was spotted in California. The new version of its Model S wasn’t supposed to hit the streets for a while after the company pumped its break on its vehicle production lines. 2020 was a somewhat bittersweet ride for Tesla stock. The stock opened at...

Since the opening of today’s candle, Bitcoin went on a rollercoaster, dropping around $5,500 and recovering some of it already. On its way down, BTC filled the latest CME gap at about $29,000 and jumped back above $30,000 immediately after.This raises speculations within the crypto community if this was a necessary correction triggered by the CME gap and if it’s already over.CME Gap At $29K FilledThe Chicago Mercantile Exchange allows institutional investors to trade bitcoin on its regulated...

With 7000 units delivered in December 2020, Nio recorded a fair growth in five straight months.The Chinese automobile market has over the last few years recorded positive numbers in reflection of the introduction of looser restrictions of license plates, subsidies, and the building out of charging infrastructures. All major Chinese startups including Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV) and Li Auto Inc (NASDAQ: LI) listed in New York experienced a surge in 2020 according to...

Reports revealed that the new Galaxy S21 smartphones would come with improved performance, upgraded cameras, and better designs.Samsung Electronics Co Ltd (KRX: 005930) has officially announced that its new Samsung Galaxy S21 series will launch on the 14th of January. Along with the three new S21 phones, reports revealed that Samsung is also launching Galaxy Buds Pro and SmartTag Bluetooth tracker.Before Samsung’s official announcement on Galaxy 21 launch, Reuters had revealed that the...

Bitcoin enters sharp correction after gaining more than 70% in a month’s time. The social media interest in Bitcoin has reached a new all-time high.Massive volatile and heavy selling sweeps Bitcoin (BTC) as the world’s largest cryptocurrency tanks 15% a day after hitting its all-time high of $34,000 on Sunday, January 3. At press time, Bitcoin is trading at $28,973 levels with its market cap dropping below $600 billion. All these Bitcoin movements have provoked a surge in social media...

It’s perhaps safe to say that the past two hours have been some of the craziest on the cryptocurrency market for the past few years.The total cryptocurrency market cap surged to more than $900 billion, only to lose around $70 billion in an instant.ETH Lost Almost $300 In Two HoursThere’s no doubt that the center of attention over the past couple of days is Ethereum. ETH went on a rampage yesterday, claiming major resistance levels on the way up. It managed to surge to a high of $1,173 on...

Stellar lumen price started a strong increase after forming support near $0.1220 against the US Dollar.XLM price is now trading above the $0.1400 resistance and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.1320 on the 4-hours chart (data feed via Kraken).The pair is likely to continue higher towards the $0.1550 and $0.1700 resistance levels.Stellar lumen price is gaining bullish momentum above $0.1400 against the US Dollar,...

Founder and chief economist at Rosenberg Research, David Rosenberg, has doubled-down on his narrative that bitcoin, similarly to the stock markets, is in a massive bubble. He warned that another bear market could emerge, similarly to what transpired following the previous bitcoin bull run in 2017.Bitcoin Is In A Bubble: RosenbergIn a recent CNBC interview, the former top North American economist at Merrill Lynch said that he’s avoiding getting into bitcoin, especially after its impressive run...

Ripple price declined heavily and recently started consolidating above $0.200 against the US dollar.The price is now facing hurdles near $0.2500 and the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $0.2500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a strong increase if it clears the $0.2500 and $0.2650 resistance levels.Ripple price is showing bullish signs above $0.2200 against the US...