Crypto news

Ripple price is currently struggling to clear the $0.1650 and $0.1700 resistance levels against the US dollar.The price is now trading below $0.1550 and it is likely to extend its decline.There is a key bearish trend line forming with resistance near $0.1600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could only surge higher if there is a clear break above the $0.1600 and $0.1700 levels.Ripple price is trading in a bearish zone below $0.1700 against the US...

NYU economics professor Nouriel Roubini attacked federal stimulus legislation Sunday as a light on aid for workers. His remarks echo the response from several prominent Democrats, including Sen. Bernie Sanders, who is running for president in the Democratic primary, and Senate Minority Leader Chuck Schumer. Likewise, House Speaker Nancy Pelosi had objections to the Senate GOP’s fiscal stimulus bill:We are beginning to review Senator McConnell’s proposal and on first reading, it is not at all...

Several cryptocurrency mining projects – particularly those devoted to extracting new Ethereum tokens – have been pulled away from their mining duties and been made to turn their attention towards coronavirus research.Ethereum Mining Rigs Are Helping to Battle the CoronavirusThe coronavirus was recently declared a global pandemic by the World Health Organization (WHO). As many as 245,000 people have been infected with the virus at the time of writing, while more than 11,000 deaths across the...

The bitcoin and crypto markets are making stocks appear weak these last few days.Bitcoin and Stocks Aren’t That CorrelatedTo be fair, bitcoin has suffered a bit over the last 48 hours. Despite spiking as high as $6,800 about two days ago, the currency has since taken a bit of a tumble and fallen back to roughly $6,200 at the time of writing. However, it’s still doing miles better than the Dow and the S&P, both of which have fallen heavily since yesterday morning.The Dow, for example, has...

Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party.Since the year beginning, the halving hype was striking the news. Many of the industry experts issued predictions of a sharp price increase. However, even despite the halving that will make Bitcoin more scarce, coronavirus is drowning the markets. Bitcoin has gained a lot, yet lost -12.5%...

Russia is officially looking to ban the sale and issuance of cryptocurrencies.Russia Says “No” to CryptoThe country – continuing its love-hate relationship with digital currency – has warned that its pending bill seeking to ban crypto activity within the country’s borders stems from the ongoing panic caused by the coronavirus pandemic. Regulators say that now, more than ever, bitcoin and its altcoin cousins are showing their volatility to be extremely dangerous, and that it’s simply not safe...

American venture capitalist investor, Timothy (Tim) Draper, supported the recent ban removal on cryptocurrency trading and usage in India. He noted that “the best ideas ultimately prevail,” and predicted that Bitcoin will perform quite well in this financial crisis.Draper On The Latest Developments in IndiaThe popular investor has previously shown a rather skeptic approach to investing in the Indian market. Back in 2019, reports had it that the nation will decide if migrants from some...

Bitcoin went through a serious decline over the past weeks amid the spreading coronavirus and the financial turmoil that it’s causing. As such, the decreasing prices have pushed miners to switch off some of their equipment to reduce costs.However, it’s situations like these that showcase the networks ingenuine design and its ability to self-sustain. One of the biggest Bitcoin mining difficulty adjustments is scheduled for March 25th and it should offset the decreasing profitability.10%...

As the search for COVID-19 vaccines intensifies, there are at least 20 coronavirus vaccines in the pipeline. However, Gilead Sciences (GILD) and Moderna (MRNA), the stocks of the leaders in the race, tumbled as the week came to the end.Coronavirus alias COVID-19 is the virus that has taken the humankind hostage for the past two months. It has led to most biotech companies to push beyond their limits in the search for a vaccine. As a result, the World Health Organization (WHO) officials...

XRP witnessed a small increase of 2.5% over the past 24 hours as it trades marginally below $0.16.The cryptocurrency fell from a high of $0.19 recently but managed to stay above $0.157 over the past two days.Against Bitcoin, XRP continues to struggle as the buyers try to keep it above 2525 SAT support.Key Support & Resistance LevelsXRP/USD:Support: $0.15, $0.14, $0.136.Resistance: $0.161, $0.171, $0.182.XRP/BTC:Support: 2525 SAT, 2500 SAT, 2455 SAT.Resistance: 2600 SAT, 2710 SAT, 2750...