Markets

Menwhile, MoneyGram is facing several lawsuits in the United States that may damage its future growth prospects.The stock of global payment services company MoneyGram International Inc (NASDAQ: MGI) continued with the upward trend during Tuesday’s pre-market after opening on a positive note on Monday. MoneyGram stock was trading at around $7.11, up 1.57%, during Tuesday’s pre-market. Notably, they closed yesterday trading at $7. However, as the market opened the stock went down. At the time...

Are people beginning to give up gold and stocks for bitcoin? This certainly seems like the latest trend as some of the largest financial managers in the world are beginning to turn away from precious metals and other standard assets in favor of the world’s largest digital currency by market cap. The latest gold-turned-bitcoin fan is Christopher Wood, the global head of equity strategies at Jefferies.Christopher Wood Has Found a New Friend in BTCIn a recent turn of a events, Wood – who has...

LINK/USD – LINK Indecision Causing Sideways ActionKey Support Levels: $12, $11.50, $10.50.Key Resistance Levels: $13.50, $14.30, $15.LINK is currently trapped in a period of indecision as it bounces between $14.30 and $11.50. The coin has been unable to claim either of these boundaries for the entire December but is battling to remain above a three-month-old rising trend line.It surged higher from $11.50 last week but could not close a daily candle beyond $13.50 over the weekend, causing it...

Following weeks of speculations, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a new set of regulations on self-hosted crypto wallets. The organization gave stakeholders 15 days to respond to the propositions, but Coinbase has continued opposing the idea and asked for an extension of that period.FinCEN’s Newly Proposed Crypto RegulationsThe cryptocurrency community has speculated on rumors that the US Treasury could be working on new legislation for self-hosted...

ADA price started a decline increase after forming a top near the $0.1760 zone the against the US Dollar.The price is now trading below the $0.1600 level and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $0.1640 on the 4-hours chart (data feed via Kraken).The price could resume its decline unless there is a clear break above $0.1600 and $0.1620.Cardano price is back below the $0.1600 support against the US Dollar, similar to...

Ethereum price started a fresh decline from the $670 resistance zone against the US Dollar.ETH price is currently trading below the $628 support and the 55 simple moving average (4-hours).There was a break below a major contracting triangle with support near $627 on the 4-hours chart (data feed from Coinbase).The pair is consolidating losses above $600, but there are chances of more downsides in the near term.Ethereum price is slowly gaining bearish momentum below $628 against the US Dollar....

Bitcoin’s rollercoaster continued in the past 24 hours with a massive $2,000 dump and the subsequent recovery attempt. Most altcoins are covered in red, and the market capitalization has lost $40 billion in a day.Bitcoin’s Wild Ride ContinuesAfter a relatively bullish weekend in which BTC gained some value, the primary cryptocurrency seemed primed for further increases. Initially, bitcoin indeed headed north, resulting in a fresh all-time high of $24,300 (on Bitstamp).However, the bears...

As we all know by now, it doesn’t matter how well bitcoin does. The world’s number one digital currency by market cap is always likely to have its doubters, one of which appears to be billionaire investor Mark Cuban.Mark Cuban Is Still Rejecting BTCIn the past, Cuban has commented that he would rather have “bananas” than bitcoin. However, one would think he would change his tune as of late considering the currency has reached a new all-time high of roughly $22,700 at the time of writing....

Bitcoin price has finally started to correct from its parabolic rally to new all-time highs. During the European trading session today, we saw the first hourly candle close beneath the support of the bearish rising wedge pattern (yellow lines), around 09:00 UTC.Rising wedges are classic bearish reversal patterns and typically result in strong corrections. This morning’s breakout signaled to the rest of the market that BTC was about to dive sharply and within minutes of the new candle...

The Dow Jones has gained 5.8% this year while the S&P 500 has rallied 14.8% and the Nasdaq Composite comes off with the biggest pump with a 42.2% surge.The news emanating from the United Kingdom has resulted in a plunge in the US stock market as shown in the Dow Jones Industrial Average (INDEXDJX: .DJI), the S&P 500 Index (INDEXSP: .INX) as well as in the Nasdaq Composite (INDEXNASDAQ: .IXIC). The news which revolves around the discovery of a new strain of the Coronavirus caused the...