Stilt, a fintech that specializes in providing financial services to immigrant communities, has raised $14 million in new funding. The Series A round was led by Link Ventures, and featured participation from Petrushka Investments, Hillsven Capital, and investor Gokul Rajaram. A number of C-level technology executives were also involved in the funding, including Stripe COO Read more...
Introduction to the Coppock Indicator Most technical analysis techniques and technical indicators used for trading the forex market come from traders who trade the stock market. The Coppock Curve or Coppock Indicator is one of the indicators that was specifically developed for trading the stock market. The Coppock Curve formula was first introduced by Edwin […]
Traders are often drawn to trading because of the perceived ease of making money. Newbies would often hear of traders doubling their accounts in just a few months. Some could start with a few thousand dollars, grow their accounts and make a fortune. These stories are what usually draws people to trading the forex markets. […]
Introduction to the Doji Candle Detection Indicator Doji patterns are candlestick patterns with a very small body relative to other candles. This candlestick pattern is a telltale sign of price rejection especially when it forms on an area where price may reverse. The Doji Candle Detection Indicator is a tool which helps traders objectively identify […]
Bitcoin has reclaimed the $40,000 mark in the last hour, following indications of progress in discussions between and Ukraine amid the ongoing conflict. Russian President Vladimir Putin stated that “positive movement” was being made in the negotiations on a “daily basis.” Russia is facing penalties from Western countries, among others, as world leaders criticize the invasion of Ukraine. Bitcoin Spikes Following Putin Remarks The spike came in the wake of new comments from Russian President Vladimir Putin, who indicated in a meeting with his Belarussian counterpart, Aleksandr Lukashenko, that there had been “positive shifts” in the Ukraine dynamic. Putin said improvements has been made in the talks between the Kremlin and Ukraine: “There are certain positive shifts, negotiators on our side tell me.” BTC/USD trades close to $40k. Source: TradingView Putin’s remarks boosted global markets. Futures on the S&P 500 rose 1.31%, while futures on the tech-heavy Nasdaq 100 rose 1.65%. Sentiment in Europe was higher, with the DAX in Germany rising 3.41% and the Stoxx Europe 600 rising 2.09%. At the time of writing, BTC/USD volatility remained high, with bulls aiming to break through $40,000 resistance more convincingly. The increasing volatility had an effect on liquidations as well, with over $24 million in leveraged positions being wiped off the market in the last hour alone. The largest single liquidation order was on Bybit, worth about $6 million. Explosive growth in #Bitcoin bitfinex shorts hate to say it, capitulation incoming pic.twitter.com/FTQGt41UBQ — Cole Garner (@ColeGarnerXBT) March 11, 2022 Related Reading | Bitcoin On Course To Hit $100K Nine Months From Now, Bitbull CEO Predicts Traders Unsure Of Market The cryptocurrency market remains volatile. Bitcoin rose from $38,600 in European morning hours to little more than $40,200 after Putin’s remarks were made public. Ethereum, XRP, and Solana’s SOL all gained 2.4% in the last hour, while Polkadot’s DOT led advances with an 8% rise in the last 24 hours. However, it’s worth mentioning that Russian troops are rumored to be gathering around Kyiv, and some foresee a possible effort to encircle the capital. Adam Cochran, a well-known crypto critic and analyst, commented on the contradicting signals, saying: “Markets are so thin and so desperate for relief that we’re moving on vague positive news in the Russia-Ukraine conflict while both sides also release worsening statements and escalating action.” Bitcoin stayed at the lower end of its established trading range, with the area north of $42,000 proving impossible to hold for long in 2022. The latest price action, however, was a godsend for some traders, with popular Twitter account Anbessa informing followers that everything was going as planned. $BTC/USD Update 📈✅ 🔹bullish divergence playing out ✔️🔹4th entry -> 4 bounce up 3% pic.twitter.com/QqZnheFLyQ — AN₿ESSA (@Anbessa100) March 11, 2022 The deterioration of Ukraine’s position has sent shockwaves through global markets. This week, India saw a massive outflow of foreign capital worth billions of dollars, while Brent crude hit $140 per barrel. Related Article | Billionaire Investor Says Crypto Outlook Is ‘Very Bullish’ For Bitcoin Featured image from Getty Images, chart from TradingView.com
2009 marked the beginning of an unprecedented bull market for both Bitcoin and the U.S. stock market, which has continued almost unabated since. However, there are constant rumblings of a crash, and the noise has lately increased. Not only due to stocks, a new COVID version and increased interest rates are driving firms to pay more to borrow money. This has prompted a decline in global markets. Cryptocurrency markets have been affected by this, along with worries of increased regulation. How likely is it for the stock market to crash? Taking cryptocurrency out of the equation, the mounting conjecture that a collapse is inevitable is based on sound reasoning. In the United States, the inflation rate was much higher than projected in June. There is currently a debate on lifting the debt limit due to the government’s ongoing issuance of bonds and accumulation of debt. Of course, the continuing pandemic relief effort justifies this. Government stimulus programs are being implemented, although other indicators, like the price of U.S. stocks, show that the money being spent is not necessary. The real estate market in the United States is also booming, and the Federal Reserve has previously voiced worry that investors are growing more irresponsible, citing the interest in-joke stocks and cryptocurrencies as examples. Speculation that a collapse is imminent due to all this money flowing into the economy is well-founded. Crypto value shall rise – a myth or reality? The debate over cryptocurrency value rise is expected to continue for some time to come. Stablecoin regulation has been of particular interest to U.S. authorities. Stocks continue to rise even though COVID-19 refuses to go away, supported by an unprecedented level of government backing. Now that quantitative easing programs have been discontinued, there is a slight fear of a stock market meltdown. Is it possible that crypto might suffer if the stock market collapses? If this is the case, bad news for Bitcoin (BTC) could be in store: There are indications that Bitcoin and stock prices have a significant association. Which cryptos to consider for a volatile-proof future? Looking for the most significant cryptocurrency investment in 2022 but unable to discern the excellent from the poor and ugly? This article examines eight top-rated volatile-proof crypto projects to keep a watch out for. The Best Cryptocurrencies to Invest in are – 1. Lucky Block Lucky Block is a new and intriguing cryptocurrency enterprise introducing blockchain technology to the multi-billion dollar lottery industry. It makes Lucky Block lotteries accessible to players all around the globe securely and transparently. 2. Dogecoin One of the most affordable cryptocurrencies in 2022 is Dogecoin, which now trades for less than $0.20 per unit. 3. The Graph “Indexing” is the specialty of the Graph project, which promotes the use of bitcoin and blockchain technologies. 4. Ethereum ETH is a well-known cryptocurrency that has established itself as the world’s de-facto platform for smart contracts. With a market value of $2 billion, the project has risen to a record high of nearly $4,000 per token. Conclusion Rather than complaining about the inherent volatility of cryptocurrencies, we should prepare for it. Cryptocurrencies tend to dip from time to time, but it’s normal.
The market has been in the negative for the past 24 hours, with Bitcoin, the market leader, down 0.25 percent. Ethereum has dropped even more, losing 1.15 percent, while the rest of the market has followed suit. According to crypto trader Michaal van de Poppe, the current battle in Eastern Europe may drive crypto heavyweights …