To combat the pandemic-like situation with coronavirus spread, the Trump administration has ordered 35 million monthly N95 face masks from industrial giant 3M. The company has ramped up the production. 3M (NYSE: MMM) stock is up.The concerns of the coronavirus spread are rising every-single-day and the U.S. doesn’t seem to be prepared. On Wednesday, the Department of Health and Human Services clarified that the U.S. has only about 1% and not 10% of the N95 respirator masks. Such a situation...
Read More »Following Daily $400 Price Surge, Can Bitcoin Finally Beat The $9000 Resistance Mark? BTC Price Analysis & Overview
Over the past days, we see a positive correlation between Wall Street and Bitcoin. Just a few hours after Wall Street closed its trading day in decent 3-4% gains across all major indexes, the primary cryptocurrency had gone through the same increase.As of writing these lines, Bitcoin price had reached a daily high of nearly $9,000 ($8960 on Bitstamp). This level is also the weekly high from Monday.As of now, Bitcoin is trading slightly below the benchmark level, but safely above the crucial...
Read More »Litecoin (LTC) Price Analysis: Trading Near Key Make-or-Break Levels
Litecoin price declined below the $60.00 level before it found support near $56.00 against the US Dollar.LTC price is currently correcting higher above $60.00, but it is facing a lot of hurdles.There is a major declining channel is forming with resistance near $61.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either rally towards the $68.00 level or it might restart its decline below $58.00.Litecoin price is trading near a major breakout zone against the...
Read More »#827 Positives Bitcoin Urteil Indien, Finanzmarktaufsicht BitMEX Warnung & BaFin gegen Bitcoin-Geldautomaten
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 827. Heute sprechen wir über folgende Themen: Positives Bitcoin Urteil in Indien, Finanzmarktaufsicht warnt vor BitMEX & BaFin geht wieder gegen Aufsteller von Bitcoin-Geldautomaten vor. 1.) Indiens Oberster Gerichtshof hat gerade ein extrem positives Urteil für Bitcoin gefällthttps://coincierge.de/2020/indiens-oberster-gerichtshof-hat-gerade-ein-extrem-positives-urteil-fuer-bitcoin-gefaellt/...
Read More »The Better Business Bureau (BBB) Warns Us About the Rise of Crypto Scams
The Better Business Bureau (BBB) is taking aim at cryptocurrency.The BBB Says to Watch Out for Crypto ScamsTo be specific, it is taking aim at cryptocurrency scams, which the company states are more prominent than ever. According to a statement issued by the organization, crypto scams are the second riskiest illicit ventures from late 2019 and on.One of the tasks set forth by the BBB is to report employment scams. This remains in the top spot and the thing that American workers should be the...
Read More »Chainlink Price Analysis: Despite Decent 15% Daily Surge, LINK Fails To Maintain The $5 Mark: Pull-Back Upcoming?
Following recent price volatility, Chainlink (LINK) facing tough resistance around $4.9.While Bitcoin remains steady, the price of Chainlink has continued to surge over the past days.The bullish sentiment may end soon if Link doesn’t break above $5LINK-USD: Trapped In a Key Resistance AreaKey Resistance Levels: $4.9 – $5, $5.5Key Support Levels: $4.4, $3.8Two days ago, we mentioned the possible bullish momentum after spotting a head-and-shoulders pattern that was formed on the 4-hours chart....
Read More »People Are Still Confused About How to Classify Bitcoin
Bitcoin is a complicated asset, but nothing appears more complicated about bitcoin than what category it should fall into.So, What IS Bitcoin, Exactly?Everywhere you look, attorneys, regulators and other members of the crypto and financial spectrums are wondering how bitcoin should be classified. Is it a currency? It is in the sense that it can be used to purchase goods and services. The trouble is that this practice is not mainstream enough yet to really get the “currency” aspect of bitcoin...
Read More »XRP Price Up 25% in 2020 but Stopped at $0.23 as Ripple Moves over 70 Million XRP
The price of XRP has been impressive this year. However, some fear is setting in as large transactions are recorded on the XRP Ledger.Members of the XRP and Ripple community are optimistic that 2020 will be a much better year for the asset than 2019 was. Last year, XRP did not sail very smoothly and compared to other assets atop the list of the market’s largest players, it was disappointing. However, if the first two months of the year are significantly considered, XRP might have an...
Read More »Bitcoin Drops After the Fed Slashes Interest Rates
After recently writing that bitcoin – as well as other assets – were potentially back on track and pulling themselves out of the doldrums, the Fed has decided to slash rates as a means of combating negative market effects from the coronavirus, resulting in further drops for both the world’s leading cryptocurrency by market cap and for various stocks.Bitcoin Now Has New Reasons for SufferingThis seems to be a running theme over the past few weeks. Bitcoin rises and falls, as do the stocks....
Read More »Kraken Exchange Adds TRON (TRX) Pairs, Trading Starting Tomorrow
Starting tomorrow, March 5th, the popular U.S. cryptocurrency exchange Kraken will be adding Tron’s native currency – TRX. The platform will initially provide four trading pairs, and trading will begin shortly after enabling deposits and withdrawals.Kraken Adds TRXThe U.S.-based cryptocurrency exchange announced the news earlier today. At approximately 14:30 UTC on March 5th, Kraken will facilitate deposits and withdrawals for TRX.Users will have the option to trade it shortly after on four...
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