Markets

ADA price formed a strong support above the $0.3000 and $0.3100 levels against the US Dollar.The price broke the $0.3900 resistance and settled above the 55 simple moving average (4-hours).There was a break above a crucial contracting triangle with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).The price is likely to continue high above $0.4200 as long as it is above the $0.3880 support.Cardano price is holding gains above $0.3800 against the US Dollar, while bitcoin is...

Despite another attempt to overcome $35,000, bitcoin has continued to trade inside the tight range of $33K to $35K.In contrast, large-cap altcoins, along with some DeFi ‘stars’ had performed a lot better. This includes a new ATH for Binance Coin, Ethereum rising above $1400, getting near the previous January 2018 ATH range. On the other side, XRP has plummeted following the recent gains.Binance Coin Surpassing $50 To New ATHMost of the large-cap altcoin market is well in the green against the...

Ethereum price is struggling to clear the $1,440 and $1,450 resistance levels against the US Dollar.ETH price is currently showing positive signs above $1,300 and the 55 simple moving average (4-hours).There is a major ascending triangle pattern forming with resistance near $1,440 on the 4-hours chart (data feed from Coinbase).The pair could eye a fresh rally above the $1,440 and $1,450 resistance levels.Ethereum price is trading in a bullish zone above $1,300 against the US Dollar. ETH/USD...

Trading apps like Robinhood have stepped in to stop their customers from trading stocks like GameStop, which have surged in recent days. As a result, bitcoin and cryptocurrency are starting to look a lot more promising, which is potentially why the world’s number one digital asset by market cap has surged by more than $2,000 at the time of writing.GameStop Barricades Help BTC Spike AgainBitcoin was initially trading for under $32,000, though in the last day or so, the currency has surged...

Oh, Elon Musk… There are times when analysts and traders alike probably think to themselves, “What would bitcoin and cryptocurrency do without you?”Elon Musk Helps Bitcoin Return to Its RootsIn the last few days, the South African entrepreneur and CEO of both Tesla and SpaceX has likely been the cause of bitcoin’s sudden rise beyond the $34,000 market price at the time of writing. Musk saw to it that his Twitter account bio was changed to “#bitcoin.” From there, he put out the following...

At the time of writing, the price of bitcoin has shot back up somewhat to over $34,000. This isn’t as strong or as high as it was during the early portions of the month, but it’s refreshing to see that the world’s number one digital currency by market cap is potentially back on track and returning to form.Bitcoin Has Been Getting Newfound AttentionWhile it’s too early to tell if bitcoin can return to its recent all-time high of more than $40,000, many affluent investors have had no choice but...

After peaking at its all-time highs at $42,000 on January 8, Bitcoin entered a consolidation phase where the cryptocurrency appears to be trading in a symmetrical triangle.BTC/USD fell to 30,000 on January 11, but then it bounced back and, currently, the crypto asset is trading in a range between 34,000 and 40,000. The movement seems to be motivated by a dollar’s recovery from near three-year lows.BTC/USD daily chartA government-powered rally for BitcoinOn US election day, each Bitcoin was...

Although the trading of GME stocks in the past days have pumped their valuation, social brokerage platform Robinhood and others have either halted the trade of the shares or limited it.The shares of the American video game, consumer electronics, and gaming merchandise retailer, GameStop Corp (NYSE: GME) shares are 0.31% down in the pre-market on Monday after the 67.87% surge on Friday to $325 per share. Per a CNBC report, the shares of GameStop, which is now one of the retail investors’...

According to a press release on its earnings result, Thermo Fisher revenue grew by approximately 54% in the fourth quarter to $10.55 billion.Thermo Fisher Scientific Inc (NYSE: TMO) has reported its Q4 and full-year 2020 results. Having experienced an increased demand for its products, Thermo Fisher saw its revenue spike significantly resulting in increased volatility in its stock market.Notably, Thermo Fisher stock closed Friday trading at $509.70, up 2.66%. Meanwhile, they were up...

Nio, Li Auto and Xpeng have all announced an increase in their delivery rate for 2020.Leading Chinese electric car company Nio Inc (NYSE: NIO) has made one of the strongest starts to the year in its history as the company has recorded over 7,200 deliveries in the first month of the year alone. This is an increase of 352% in its yearly growth. Not only that, the stocks of the company has been performing very well too as Nomura gives the car a buy rating while Morgan Stanley pushed the...