Markets

Quick recap: Last Thursday saw another failed attempt to break the $10,000 mark. Shortly after, followed by the fatal drops of the global markets, Bitcoin found its value recording a daily low near $9K, almost $1000 intraday price move.This is not what the Bitcoin bulls prayed for: Together with the drop, was the idea of the positive correlation between Bitcoin and the markets.That correlation faded away over the past months, but as we could see, when heavy investors are selling off (Wall...

The bitcoin price has dropped more than eight percent in just the last 24 hours alone, and it looks like the recent move has got everyone huffing and puffing.The Bitcoin Price Has Taken a DiveAnalysts and traders alike are terrified by what they’ve witnessed over the last day, as the asset’s fall appears to have been sparked not by the stock market crash but by people floating towards cash. Suddenly, bitcoin doesn’t appear to be the answer everyone was looking for.It’s been reported time and...

It looks like it’s happened again, folks. The heavy volatility that we’ve all come to both love and hate about bitcoin has seemingly entered the foray all over again and brought the world’s number one cryptocurrency down by approximately $400.Bitcoin Has Lost More Than $400Yesterday, the currency was trading for about $9,600 during the early morning hours. However, from there, the currency saw itself drop to about $9,200 with little warning for investors. At the time of writing, the currency...

Today Boeing (BA) stock is up nearly 8%. Meanwhile, the stock has dropped 48.53% in the past twelve months.Despite the fact that there were no major announcements made by Boeing Company (NYSE: BA), its stock surged 10% after the market opened on Friday, having closed yesterday at $170. At the time of writing the shares were trading around $183.95 (+8.21%), which is a drop from this week’s ATH slightly above $230.The company has been adversely affected by the coronavirus lockdown that has made...

At this point, it seems like $10,000 indeed is a coveted level for Bitcoin bulls. Another week passed, and we saw yet one more failed attempt to reclaim this level.Interestingly enough, it happened minutes after the US Federal Reserve concluded its two-day June meeting, confirming near-zero interest rates for the short- and medium-term. In light of the news, Bitcoin’s price shot up to $10,000, where it was met with strong resistance, and it dropped almost immediately.The following day,...

It looks like bitcoin may have been hovering at around $10K all over again, though at the time of writing, it has failed to cross that mark. In fact, the currency has fallen by about $300 or so.Bitcoin Rises and Falls… AgainJust yesterday, the currency spent the early morning hours meandering about the high $9,900 position. This was its highest position in a little over a week, but as we’ve seen before, $10K is proving to be yet another hardcore resistance point on the bitcoin ladder. On...

Morgan Stanley analyst Adam Jonas provided a bearish outlook for Tesla stock as the risks in U.S.-China relations are rising. TSLA stock is down today.Tesla Inc (NASDAQ: TSLA) stock prices have fallen by 2.86% after the market opened today. This comes as Tesla stock has received downgrades from both Morgan Stanley and Goldman Sachs.Tesla (TSLA) stock had risen above the $1,000 mark on Wednesday. This generated quite a reaction in the markets. This morning during the pre-market, Tesla stock...

With market uncertainty rising yesterday, the top 5 tech companies saw their shares falling. Amid a worrisome surge in new coronavirus cases and a high unemployment rate, the stock market experienced an increase in volatility.Top 5 tech companies’ shares Apple Inc (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Facebook Inc (NASDAQ: FB), Microsoft Corporation (NASDAQ: MSFT), and from Amazon.com Inc (NASDAQ: AMZN) lost 4.8%, 4.29%, 5.20%, 5.37% and 3.38% respectively. As a result,...

Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner.As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock markets.There was one asset, however, that remained stable and seemingly unfazed by the market crash. Gold remained stable, completely uncorrelated with both...

Even despite yesterday’s fall in TSLA stock price, Tesla’s market cap is still higher than the combined capitalization of 5 major automakers.Tesla Inc (TSLA) stock price dropped by 5.09% to $972.84 at the last trading session. Despite this dip, Tesla’s market capitalization is $180.34 billion which makes it the most valuable automaker in the world. This comes as Tesla’s business is improving in terms of sales in China. More sales are expected to occur across the globe as the movement...