Markets

Friday’s losses came along with the coronavirus cases in the U.S. hitting new all-time highs and European countries announcing new lockdowns. Besides, this messy week comes just three days before the U.S. election, and traders are preparing for mutable market moves next week. This trading week has been quite difficult. On the one hand, many companies shared their Q3 2020 financial results and beat analysts’ estimates, which can not but cheer investors up. On the other hand, the number of...

During the past week, Bitcoin continued to increase in value as it managed to break the former 2020 high. More interestingly, though, this happens as Wall Street stocks are currently taking a beating. While BTC was appreciating, all the prominent US-based indices such as the S&P 500, NASDAQ Composite, and the Dow Jones Industrial Average (DJI), are all bleeding out. Just today, the S&P 500 decreased by about 1.5%, while Nasdaq’s Composite index is down upwards of...

Hours after the European Central Bank (ECB) statement and optimistic job data from the U.S., Bitcoin (BTC) price rallied from $12,920 to $13,600.According to Cointelegraph, it took just four hours for BTC to record a 5% rally in the price, increasing from $12,920 to $13,600. Coincidentally, the rally comes after positive developments from ECB and optimistic job data from the United States.Factors Favoring the Bitcoin (BTC) Price RallyAs the U.S. and Europe registered a sharp increase in the...

Bitcoin The Bitcoin price surge continued this week and it managed to increase by 4.5% to reach $13,60 at the time of this writing. The coin was trading slightly above $13,000 last Friday and moved sideways along this level over the weekend. On Tuesday, Bitcoin started to surge higher as broke resistance at $13,415, climbed above $13,500, and reached the resistance at $13,815 (1.272 Fib Extension). The bulls could not close a daily candle above this resistance, which led to...

Ant Group raised over $34.5 billion in Hong Kong and Shanghai. The company recorded a huge retail investors bid of $3 trillion which equals the Gross Domestic Product (GDP) of the United Kingdom.Ant Group, a company that is in charge of the biggest payment platform in China records a mad rush for its stock in its IPO as a huge interest set in among both institutional and retail investors. This is groundbreaking as many speculated that the upcoming U.S. presidential election set next week...

Circle CEO Jeremy Allaire claimed to have purchased $100 in BTC on the payment app. PayPal is yet to comment on Allaire’s claim.The CEO of Circle Internet Financial Limited Jeremy Allaire claimed to buy Bitcoin (BTC) worth $100 on PayPal Holdings Plc (NASDAQ: PYPL) in a tweet. Notably, PayPal said in an official announcement that its crypto payment services would begin globally in early 2021.Bought $100 in BTC on @PayPal ! Great milestone for the market! pic.twitter.com/jsxAxTpGgK— Jeremy...

In Q3 2020, MoneyGram continued to receive huge “market development fees” from its investors. Its major partner Ripple handed over $9.3 million over the period. Money transfer company MoneyGram International Inc (NASDAQ: MGI) has joined other firms that shared their Q3 2020 financial results. The company has delivered its third-quarter earnings, amazing analysts with the figures.For Q3 2020, MoneyGram has reported total revenue of $323.2 million, $297.6 million of which was brought by money...

After a sharp price jump towards $13,650 intraday, Bitcoin has retraced and trades around $13,200. The alternative coins continue to bleed out, and the total market capitalization has dropped below $390 billion. Bitcoin To $13,650 And Back On ECB Stimulus News Following the latest 2020 high, Bitcoin got rejected and lost nearly $1,000 of value in hours a few days ago. Since then, the asset has been struggling with the $13,000 level. After another dip below it, BTC went on a...

Bitcoin cash price rallied and gained pace above the $255 and $260 resistance levels against the US Dollar.The price traded to a new monthly high at $280 before starting a downside correction below $270.There is a key bullish trend line forming with support near $260 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to retest the $255 support zone before it starts a fresh increase in the near term.Bitcoin cash price remained in a bullish zone above $250...

Well, bitcoin has once again impressed traders and exhibited a level of resilience that nobody ever expected. Following a sudden drop into the high $12,000 range, the currency has shot back up above $13K, but now, the asset has reached an even higher point on the financial ladder. At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for over $13,400, the highest it’s been since early 2018.The Strength of Bitcoin Gains New GroundThe last several...