Markets

Bitcoin bulls have managed to regain the $13.4K support today after prices crashed 3.7% in 4 hours. Uncertainty in the stock markets and the upcoming US presidential elections could have played a role in today’s crypto market activity, as larger traders tend to withdraw into more stable assets ahead of significant global events. $12 billion has exited the markets during the latest sell-off along with a $14 million long squeeze. Price Levels to Watch in the Short-term On the...

With the presidential election happening so soon, many analysts and industry experts are wondering how solid bitcoin’s future will be. Each candidate represents a different outcome for the world’s number one digital currency. Many analysts believe that the economy will be considerably stronger under Donald Trump, which means that the price of BTC could potentially be slow to rise, while Biden is likely to bring falls in the stock market, which may give bitcoin a chance to spike faster.Will...

Markets remain on the edge a day before the U.S. Presidential elections. Volatility is growing as this week has some big announcements from the Federal Reserve and policymakers. The surge in COVID-19 in the U.S. and Europe puts major pressure on the markets.It’s just a matter of a day when 260 million registered voters in the United States will elect their 46th President. This U.S. elections include a tough battle between the current Republican President Donald J. Trump and his Democratic...

As the U.S. election remains a hot topic for the world, Bitcoin price seems to be on a significant rise and fall trajectory. A price drop even came at a time when BTC blew out its 12th birthday candles.Over the past couple of days, while the election in the U.S. was coming closer, Bitcoin continued to register an impressive run hitting even several new yearly highs. Bitcoin was heading towards $14,000, and other projects followed suit. Crypto markets on Friday, just before Bitcoin White Paper...

Marshmallow now offers car insurance to expatriates aged between 21 and 50. The company has pledged to focus on less affluent customers especially those with lower credit scores.UK-based insurance startup, Marshmallow that was founded by identical brothers has announced a $30 million funding in its latest round. This funding jas brought its total valuation to around $310 million.The insurance company is intending on venturing away from traditional insurance services to have a better...

Over the past six months, Ryanair experienced an 80% decline in the number of customers.Transportation and logistics company Ryanair Holdings Plc (NASDAQ: RYAAY) continues to feel the coronavirus market pressure as it indicated in its recent quarterly report. Notably, for its Q2 that ended on September 30, Ryanair reported a net loss of €225.5 million, compared with a profit of €910.2 million reported last year during the same period.Ryanair (RYAAY) Stock after Q2 ReportHowever, Ryanair...

As the oil price continues to dip following the effect of the coronavirus and the U.S. elections this week, many experts expect OPEC and its allied bodies to make policy moves to help prevent the complete market collapse.Oil price fell on Monday as influenced by the continuous rise in the COVID-19 cases which has necessitated the need to impose new lockdowns particularly in Europe as well as the uncertainties surrounding the United States Presidential election. According to the Financial...

The Reserve Bank of Australia has partnered with two major local banks and ConsenSys to explore the potential use of Ethereum-based wholesale central bank digital currency. The announcement from Australia’s central bank named the other partners – Commonwealth Bank, National Australia Bank, and the financial services company Perpetual.  The research group will develop a “proof-of-concept (POC) for the issuance of a tokenized form of CBDC that can be used by wholesale market...

Stellar lumen price traded as low as $0.0745 and it is currently recovering against the US Dollar.XLM price is facing hurdles near $0.0800 and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.0782 on the 4-hours chart (data feed via Kraken).The pair could start a strong increase if there is a clear break above the $0.0800 resistance zone.Stellar lumen price is showing signs of a fresh increase above $0.0750 against the US...

After years of denying new trends and the rise of cryptocurrencies, most people in 2020 agree – crypto is here to stay. Cryptocurrencies, especially Bitcoin, found their place on financial markets, and their use in everyday transactions is significant.Online casinos recognized the fact that crypto owners might be their target audience and offered crypto, mainly Bitcoin, as a payment method. However, in the last few years, we saw the explosion of dedicated cryptocurrency casinos that offer...