Key Takeaways Bitcoin sliced through a critical support barrier after a two-week-long consolidation phase.  If sell orders continue to pile up, BTC’s market value could drop by nearly 28%.  Only a 4-hour candlestick close above $36,000 would invalidate the bearish outlook.  Bitcoin’s latest correction may get a bit steeper as […]

IG Group, a financial broker listed in London, announced the proposed acquisition of the US-based online broker and a trading education platform, Tastytrade in a $1 billion deal. The management team of Tastytrade will remain the same. According to the official details, $300 million out of the total $1 billion […]

British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.” A Long Trend of Institutional Bitcoin […]

According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. Still, a majority of the interviewed fund managers […]

FCA-registered One Global Markets Limited (OGM), a forex and CFDs broker, has published its yearly financials for the financial year 2020, ending on September 30. Though there was an increase in the turnover of the company, it ended the period in losses. As detailed in the Companies House filing, the […]

Bitcoin and U.S. tech stocks are viewed by investors as the biggest market bubbles right now, according to a Deutsche Bank survey released Tuesday. The survey, which is based on responses from 627 market professionals between Jan. 13-15, found that the vast majority of investors (89%) think some financial markets […]

Social investing platform eToro has just published an update saying that everything is fully operational and apologized to clients who experienced login issues over the last few hours. It was not immediately clear what had caused the issues and how many users had been impacted. But the bug was apparently […]

Key Takeaways Ethereum appears to have broken out of an ascending triangle. If buy orders continue to pile up, Ether could rise to hit a target of $1,680.  Everything now depends on ETH’s ability to move past the $1,420 resistance.   Ethereum is ready to catch up with Bitcoin as its price […]

Gaitame, a Japanese foreign exchange (forex) broker, has published the trading volumes on its platform for the month of December. Though there was an increase in the deposited amount, the transaction volume dropped month-over-month. The volume for the last month of 2020 came in at 250 billion yen, declining 28 […]

An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country. Crypto Could Be Backed by Gold During an interview with Primicias, Andrade, representing the Union Ecuatoriana party, believes […]