As May comes to an end, Bitcoin and Ether are struggling to gain momentum and are at risk of closing out the month lower. Bitcoin has plateaued this week and may post its first monthly loss of 2023. Ether has ticked slightly higher but could also end May down from its open. Given the recent…
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The cryptocurrency market is currently experiencing some turbulence, and many coins are struggling to keep up with their peers. However, one coin is bucking this trend and gaining momentum at an impressive rate. Huobi token is on the road to being the most profitable crypto of October. The token has recorded high gains in a…
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Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting. Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company, which could be valued at over $1 billion. Li reportedly had discussions…
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SOL, HT, ETC and AAVE are pushing toward new highs while Bitcoin trades within a tightening range. Bitcoin (BTC) price closed the month down 1.98% which according to data from Bybit, was its first negative close in April since 2015. In the same month Ether (ETH) price soared over 44% to hit a new all-time…
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Bitcoin’s sharp correction to $50,000 brought Binance Coin, FTX Token, OKex and Huobi Token to their lower support levels but data shows there is still a bullish case for exchange tokens. A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up…
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Increased trading volumes, innovative products and strong DeFi integration have helped BNB, HT, FTT and OKB soar in February. Bitcoin’s (BTC) current bull run continues to attract institutional investors who are finally realizing its long-term potential. The latest to take the Bitcoin plunge is BlackRock Financial Management, which has “started to dabble a bit” in…
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Most top performers have reached their resistance levels and may consolidate or correct over the next week. Consumer attitudes are changing towards banknotes and credit cards as reports suggest that the deadly coronavirus can spread by their use. The Bank of International Settlements (BIS) has, therefore, urged the central banks to consider developing central bank…
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Huobi is launching a charity initiative to support Indonesia’s fight against coronavirus. Huobi’s charity arm has announced an initiative to distribute aid to assist Indonesia’s fight against COVID-19. Huobi Charity will distribute aid in partnership with the Indonesia-China Association of Economic, Social and Cultural Cooperation (ICAESCC) to make monetary contributions, donate medical supplies, and leverage…
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Most top performers of the past week have bounced sharply from their lows, which is a positive sign as it indicates buying at lower levels. This week saw huge selling in almost every asset class as panic gripped traders on the ever-spreading coronavirus cases. Cryptocurrencies were also not spared as they came under huge selling…
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Bitcoin and cryptocurrency markets are witnessing profit booking at higher levels and buying on sharp falls, pointing to consolidation over the next few days. The last week of February saw a blood bath across various asset classes on fears that the coronavirus outbreak is turning into a pandemic. This led investors to dump their positions…
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