Markets

Dow Jones futures turned positive today morning after crashing 7% on Thursday on the report of rising COVID-19 cases. Analysts are weighing the impact of the economic reopening of the market.On Thursday, June 11, the Dow Jones futures plummeted 7% or nearly 1900 points in its biggest single-day crash in the last three months. The market sentiment turned negative over the rising COVID-19 cases in some U.S. States after reopening post lockdown.However, we have some positive development today as...

Recap of June 11, 2020: Bitcoin price touched nearly $10K as the daily high, and just a few hours later, the price plunged to almost $9K ($9078 on Bitstamp) as the daily low.In our previous price analysis reports from the past days, we anticipated a huge move. This is from yesterday’s analysis: “Bitcoin’s mid-term symmetrical triangle is coming to its apex, and a decision is soon to be made.”As Bitcoin couldn’t breach the $10,000 for maybe the sixth attempt since May 7, and together with the...

Bitcoin cash price declined sharply after it failed to clear the $260 resistance against the US Dollar.The price is down more than 5% and it broke the key $245 support zone.There was a break below a crucial bullish trend line with support near $252 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is currently correcting higher, but upsides are likely to remain capped near $245.Bitcoin cash price is back in a bearish zone below the $245 support against the US Dollar....

Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well.Equities Tumble Amid Fears of Coronavirus ReignitionThe World Health Organization announced that the coronavirus pandemic is worsening across the globe. The number of new cases continues to spiral on and even reached a new all-time high.It...

The Dow futures have lost over 800 points today, meanwhile, Amazon (AMZN) stock is in the green now.Amazon.com Inc (NASDAQ: AMZN) stock dipped 2.13% in the pre-market to trade at $2,591, having closed yesterday at $2,647.45. However, at the time of writing as the market opened, Amazon stock is 0.77% up, meanwhile, the Dow Jones Industrial Average futures plummeted over 800 points after the market opened. This comes as a possible second wave of coronavirus infection may arise in the United...

Despite an important announcement of volume production of the Semi trucks, Tesla (TSLA) stock is down today after hitting $1000.Tesla Inc (NASDAQ: TSLA) stock soared on Wednesday following an announcement by the chief executive officer of the company Elon Musk. Musk told the staff of Tesla that it is time to scale up the production of the Semi, its medium-class electric truck. Recently, Musk in a tweet said yes when asked if Tesla is poised to volume produce the Semi.Tesla shares rose by 6%...

The leading US-based cryptocurrency exchange, Coinbase, announced yesterday that it plans to explore new altcoins and take them under consideration for future listing on its platform. As a result, the prices of the mentioned altcoins spiked substantially.According to Max Keiser, however, some of the coins exist only to be listed on Coinbase, making the latter “technically a casino.”Coinbase Exploring a Set of New Coins to ListCoinbase is the leading cryptocurrency exchange in the United...

Coinbase may soon add support for a number of digital assets, including Aave, Synthetix, VeChain, SKALE Network, KEEP Network, NuCypher, DigiByte, Aragon, Bancor.The U.S.-based cryptocurrency exchange Coinbase has announced that it is considering the support of more digital assets on its platform. According to a release seen on June 10, the company stated that it plans to add to its collection of coins such tokens that meet its technical standards while complying with applicable laws.The...

The world’s leading cryptocurrency exchange, Binance, has launched its very first futures contract with a quarterly expiration date. The contract is already available in its derivatives trading interface – Binance Futures.BTC/USD Quarterly Futures Contract on BinanceBinance has officially launched its very first cryptocurrency futures contract that has a preset expiration date. It’s a quarterly BTCUSD futures contract that traders can engage with a leverage of up to 125x.The new contract is...

The popular blockchain company for capital markets, tZERO, has recorded its strongest month in May 2020 as its alternative trading system (ATS) transacted over 400,000 digital securities.Interestingly, the stock price of the parent company Overstock has increased with over 9% since the announcement from tZERO.tZERO Continues GrowingOverstock announced last month that it had completed the issuance of its Digital Voting Series A-1 Preferred Stock (OSTKO) digital dividend. It distributes one...