XRP today jumped 80% after weeks of weak performance. The cryptocurrency has been trading just above $0.2 prior to the surge that coincided with Ripple’s defense against the SEC lawsuit referring to XRP as a security. In defense of the virtual currency, Ripple wrote: “In 2015 and again in 2020, […]

New York-based online broker-dealer TradeZero America has reported a massive spike in new account openings since the frenzied share dealing in GameShop and other firms emerged, fuelled by Reddit chat boards. According to Dan Pipitone, TradeZero America co-founder, new account applications on Thursday surged by more than 200% compared with the same […]

Key Takeaways Dogecoin is up more than 1,100% in the past 24 hours, rising to a new all-time high of $0.089. Following Robinhood’s ban of DOGE trading, investors grew concerned that its price was bound for a steep correction.  Technical indicators show ambiguity while on-chain volume continues rising.  Dogecoin stole […]

Key Takeaways WallSteetBets, which preaches their short squeeze investment strategy, has become the most popular group on Reddit by active users. FTX has launched a composite index for betting on assets discussed on /r/WallStreetBets. Currently, the index comprises of four tokenized stocks and two cryptocurrency in Dogecoin and FTX token. […]

Key Takeaways Bitcoin saw its price jump by 19% within two hours to hit a high of $38,360.  The spike in buying pressure seems to be related to Elon Musk, who publicly announced his support for the bellwether cryptocurrency.  While several technical indicators have turned bullish, there is one that […]

Elon Musk has changed his Twitter profile to just “#bitcoin.” The Spacex and Tesla CEO also tweeted, “In retrospect, it was inevitable.” The price of bitcoin immediately soared. Elon Musk’s Bitcoin Twitter Profile and Tweets Spacex and Tesla CEO Elon Musk changed his Twitter profile to “#bitcoin” on Friday morning. […]

ForexTime Limited, the CySEC-regulated arm of Andrey Dashin’s FXTM brand, is ceasing its services to retail investors in Europe, effective February 26, 2021. The reason why FXTM decided to suspend its retail business happens to be quite straightforward. The Cypriot entity sent emails to clients explaining that as of this […]

Compagnie Financiere Tradition (CFT), an inter-dealer broker and owner of Japanese retail foreign exchange and CFDs brokerage, Gaitame, has announced that its consolidated revenue for the fourth quarter of 2020 increased by a marginal 0.6 percent year-over-year on a constant exchange rate basis. However, at a current exchange rate, the quarterly […]

Key Takeaways Chainlink’s price is up more than 20% over the past 24 hours. Despite the significant gains incurred by the coin, LINK must slice through the $24 resistance to advance further. Failing to do so may generate panic among investors, leading to a steep correction towards $17. While Bitcoin […]

Key Takeaways Bitcoin flashes several bearish signals, indicating that its uptrend has reached exhaustion.  Ethereum whales are starting to pull their money out of the market, but prices hold above stable support.  It will take an enormous amount of buying pressure to invalidate BTC and ETH’s bearish outlook based on […]