Crypto news

Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the necessary steps to contain its spread.President Trump Attempts To Relieve MarketsIn a press conference given February 26th, US President Donald...

Amazon (AMZN) stock has been already seriously hit by the coronavirus and things might get a lot worse for the e-commerce giant very soon if nothing changes.Many companies, regardless of their size, are still reeling from the general effects of the coronavirus. These companies are having a hard time controlling losses and maintaining their normal core functions as the epidemic continues to spread. Since the coronavirus has been worsening, the markets have been taking a much deeper plunge and...

Fear, uncertainty, and doubt are causing the global community at large to panic over the potential implications of the coronavirus. The chairman of Virgin Galactic Chamath Palihapitiya believes that in the current situation it would be sensible to keep 1% of assets in Bitcoin.We were already writing numerous times how Bitcoin (together with other cryptocurrencies) is a good asset to have when things are going rough. Nowadays, we are witnessing, not just geopolitical tensions between the...

XRP dropped by a total of 3.4% over the past 24 hours of trading, bringing the price down to $0.233.The cryptocurrency penetrated beneath the 200-days EMA and continued below the 100-days EMA.XRP also fell as low as 2550 SAT against Bitcoin before rebounding higher.Key Support & Resistance LevelsXRP/USD:Support: $0.227, $0.217, $0.21.Resistance: $0.235, $0.245, $0.25.XRP/BTC:Support: 2600 SAT, 2550 SAT, 2525 SAT.Resistance: 2710 SAT, 2750 SAT, 2800 SAT.XRP/USD: Ripple Breaks 200-days and...

Some companies had their stocks in the news recently as prices changed for different reasons. And one of them is the ongoing coronavirus outbreak.At pretty much any point in time, the movement of the individual stocks in the equities markets all over the world easily makes news. Analysts are always with their ears to the ground, trying to figure out why certain stocks are performing the way they are. If they soar, most times, it’s a direct effect of certain market factors or decisions the...

Dow Futures dropped 400 after a report of the first coronavirus case in Northern California, of unknown origin. The drop has come even after Donald Trump gave assurances to the investors that the virus is under control and there is no call for alarm.The Dow Futures dropped 400 points in the early hours of trading on Thursday, and it’s indicating a further drop after the first coronavirus case of unknown origin was reported in the U.S. Northern California. The CDC confirmed it does not have a...

EOS price started a major decline from the $4.429 swing high against the US Dollar.The price broke many key supports near the $4.000 and $3.800 levels.There is a key bearish trend line forming with resistance near $3.880 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct higher, but the bears are likely to remain active near $3.800.EOS price is down more than 10% and it broke the key $3.800 support against the US Dollar, similar to bitcoin. It seems like...

PrimeXBT is proud to announce that it received three prizes at Forex Awards as the Best Crypto Trading Platform, the Best Crypto and Forex Broker, and the Best Crypto Trading App.The 2019 edition of the Forex Rewards has revealed that Bitcoin-based margin trading platform PrimeXBT made a clean sweep of the awards in the cryptocurrency categories. In the category of Best Cryptocurrency Trading Platform; Best Cryptocurrency and Forex Broker, and Best Crypto Trading App, PrimeXBT walked away...

Joining the Libra Association, Tagomi will contribute at least $10 million to spend on the developing cryptocurrency. It will also support Libra, providing the necessary technical and policy assistance.Crypto prime brokerage Tagomi joins Facebook‘s Libra Association. The company will be the 22nd member of the Association and the second to join since the group’s formal foundation in October 2019. Tagomi President Marc Bhargava has already confirmed the news. But the formal announcement from...

Litecoin price declined heavily and broke a few key supports near $68.00 against the US Dollar.LTC price struggled to stay above $65.00 and even declined below $60.00.There was a break below an important bullish trend line with support at $72.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is now in a bearish zone and it could even decline below the $58.00 support.Litecoin price is down more than 20% from highs against the US Dollar, similar to bitcoin. LTC...