Markets

After investing in BTC for the first time last month, MicroStrategy yesterday announced that it had purchased more Bitcoins.Business intelligence company, MicroStrategy Incorporated (NASDAQ: MSTR), is leading in the list of companies that have adopted Bitcoin as their reserve currency. Earlier last month, the company expressed its belief that the virtual currency powered by a public blockchain is superior to cash over the long term, claiming it to be a “reasonable hedge against inflation.”...

The cryptocurrency market is trying to recover. And if such assets as Bitcoin and Ethereum are looking quite confident in favor of further growth, the other ones, like Litecoin and EOS are very likely to fall and test their respective support areas.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.After the cryptocurrencies complete these movements, signals...

Ethereum bulls are currently trying to defend the 2019 high price at $364.The cryptocurrency is forming a descending triangle pattern on the 4HR charts.Against Bitcoin, ETH shows weakness as it starts to head back to the September support around 0.0329 BTC.ETH/USD – Etheruem Starts To Form Short Term Descending TriangleKey Support Levels: $364, $355, $336.Key Resistance Levels: $390, $400, $410.Ethereum dropped from the $390 resistance at the start of the week, but the bulls have defended the...

The tech sector continues to push the markets higher on Tuesday along with better economic data coming out of China. The U.S. Industrial Production data for August shows 0.5% jump.On Tuesday, the broader markets on Wall Street showed renewed optimism gaining for the second straight on the backdrop of the strong economic data. The Nasdaq Composite (INDEXNASDAQ: .IXIC) gained 1.2% to close at 11,190 levels while the S&P 500 (INDEXSP: .INX) gained 0.5%. Similarly, gaining over 200 points...

[Press Release – Please read the disclaimer below]Most crypto exchanges don’t have global market data, Social news, Signals. Clients have to go the different websites for data that should be in one place.Everything can be available in “AjuBit Advanced Informative Platform”. The World’s first platform who presents in House & Global market data in front of the client’s eye.Access to other exchanges’ Live pricesCryptocurrency prices, to a certain degree, vary from exchange to exchange. With...

Tron price failed to stay above the key $0.0320 and $0.0300 support levels against the US Dollar.TRX price is now trading below the $0.0285 support and the 55 simple moving average (4-hours).There was a break below a declining channel with support near $0.0276 on the 4-hours chart (data feed via Bitfinex).The pair is likely to continue lower towards the $0.0225 support zone in the near term.TRON price failed to hold gains and declined steadily against the US Dollar and bitcoin. TRX price is...

Bitcoin price found support near the $9,800 area and recently corrected higher.The price is trading above the $10,500 level and the 55 SMA (H4).There is a major rising channel forming with support near $10,560 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must break the $10,960 and $11,120 resistance levels to continue higher in the near term.Bitcoin price is currently recovering higher above $10,500 against the US Dollar. BTC is likely to clear the $10,950...

Bitcoin is becoming more bullish, it seems. Following a few weeks of nominally bearish activity that ultimately made the currency lose roughly $2,000 from its price and fall from about $12,000 to less than $10,000, the world’s number one cryptocurrency by market cap has shot up to $10,700. This is an $800 price jump from where the asset was not too long ago.Bitcoin Is Heading Deeper Into Bullish TerritoryAfter a price surge that took bitcoin to roughly $12,400, the currency began traversing...

Sony stock has received an average of a ‘buy’ rating from 25 credible analysts. This is a strong indicator that the shares are experiencing a buy pressure and likely to hit its ATH set in mid-march of 2000.Sony Corp (NYSE: SNE) stock has dropped nearly 3% during Tuesday’s pre-market trading session. This drop was attributed to a report that the company has cut its production budget for its latest PlayStation – PS5.At the time of writing, Sony stock was trading around $76.59 (-1.47%). The...

Despite the decline in the world’s economy, FANGMAN stocks continue to increase. The collective market value of these seven firms has reached $7.3 trillion.Despite the disruptions caused by the ongoing pandemic, FANGMAN stocks have been surging significantly. As of the 11th of June, FANGMAN stocks representing the seven biggest tech companies in the stock market, have climbed 22% to $6.4 trillion in 2020.FANGMAN stands for Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Nvidia Corp...