Crypto news

The Chicago trading floor is set to close on Friday, the 13th of March 2020, due to COVID-19 risks. The decision has been revealed by the CME Group.The Chicago trading floor is set close. Sources say that the operator of the floor CME Group indicated that it will close on Friday the 13th of March.The floor is reportedly being closed to reduce the risk of spreading the virus. Gatherings in large places pose a higher risk of spreading it. This is of course based on the advice of medical...

European stocks have crashed after U.S. President Donald Trump imposed a ban on travel from several countries in Europe. Travel volume has also plunged.As the coronavirus continues to spread, several countries are increasing the measures they are taking to curb the infection. Many parts of China, where the virus first originated, are still on lockdown. Italy, which currently has the second-highest number of infections, has also imposed restrictions on several parts of the country. Confirmed...

Bitcoin price has fallen down 23% today. Alongside, the whole crypto space has been affected in a similar way as coronavirus gets declared a global pandemicBitcoin price has shed over 23% to trade below $6,000 today. With Bitcoin being the mother of all crypto assets, all other digital assets have significantly lost a similar percent. This comes after the world health organization declared coronavirus a global pandemic, which has resulted in the United States President Donald Trump banning...

Dow futures drop 1100 points because Donald Trump didn’t manage to convince investors that coronavirus is not as dangerous as they feel. Market goes red again.People on the market keep panicking despite the U.S. president Donald Trump‘s speech. Dow continues the fall after investors didn’t believe that the situation is under control.The Dow industrial index looks scary because its 11 years-long bull market has ended with a two months bear market. It already took approx. 20% of all the gains...

Bitcoin dipped to a low of $5,600 on BitMEX for a matter of minutes, while most cryptocurrencies note double-digit losses. The whole market is plummeting, as it recorded a loss of over $50 billion in only a few hours.Bitcoin Goes Below $6,000It’s safe to say that the largest cryptocurrency has seen better days. Bitcoin’s price just noted a severe plunge. Earlier today, BTC was knocking on the door of $8,000, but in a few violent red candles, it tumbled to $5,600 on the popular margin trading...

Ethereum fell by another 14% over the past 24 hours of trading as the cryptocurrency briefly slips to $160. This is a 35% drop over the past four days.The cryptocurrency dropped beneath the $190 support today, primarily driven by the new coronavirus financial crisis.Against Bitcoin, ETH broke beneath the previous strong support at 0.0247 BTC to reach below 0.0228 BTC.Key Support & Resistance LevelsETH/USD:Support:$165, $160, $152.Resistance: $171, $180, $190.ETH/BTC:Support: 0.0225 BTC,...

A group of anonymous Bitcoiners known as CoroHope has begun their search for a coronavirus vaccine. Although not authorized by the FDA, CoroHope is hopeful it might crack on the vaccine for the deadly COVID-19 virus.Following the devastating effect of coronavirus on humankind, a group of anonymous Bitcoiners known as CoroHope has taken into their hands the development of a vaccine. The group is being funded by well-wishers, although no transaction has been made through the address...

When Satoshi Nakamoto sat down to write the whitepaper of Bitcoin, he (or she) prepared precisely for today’s coronavirus situation.The idea of Bitcoin was born after the latest devastating real-estate financial of 2008. All experts were eyeing this day. However, over the past weeks, Bitcoin is attaching its value to the global markets. This, instead of branding itself as a real safe-haven asset.Yesterday, following President Trump announcement, including halting the flights to Europe for a...

Boeing seems to be fragile at the moment, a great number of 737 Max orders are canceled. BA stock is falling.Boeing Co (NYSE: BA) may face a tough year ahead, its stock is seriously down. This is because of the recent scrapped orders for its 737 Max. Sources report that the planemaker suffered a greater number of plane cancellations in February. This is also coming as the company is facing market scrutiny after two crashes of its greatest selling plane last year.Across the board, orders were...

Despite a fall of Tesla (TSLA) stock by 1.72% on Wednesday and by 7.88% in the premarket today, the company is now ranked highest-valued U.S. industrial company after overtaking Boeing.Tesla Inc (NASDAQ: TSLA) made headlines on Wednesday after its market capitalization hit $114 billion, surpassing the value of Boeing Co (NYSE: BA) which is at $110 billion. This now means Tesla is the company that is ranked the highest U.S. industrial company in terms of capitalization. However, the stock...