Markets

Bitcoin cash price started another decline after it failed near the $255 resistance against the US Dollar.The price declined below the key $240 and $230 support levels.There is a major bearish trend line forming with resistance near $235 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could correct higher a few points, but it is likely to face hurdles near $235 and $240.Bitcoin cash price is back in a bearish zone below $240 against the US Dollar. BCH/USD must stay...

The bitcoin halving has come and gone, and many were worried about the state of bitcoin’s mining operations and how they would handle the coming future. Would mining remain a profitable industry, or would it sink into oblivion never to be heard from again?The Halving: Did It Hurt the Industry?While there are certainly changes the arena must deal with, bitcoin miners and mining machines are still witnessing some profits creeping into the space, suggesting that the recent halving hasn’t...

Crypto exchange BitMEX has suffered an outage this week, and many people are pointing the finger and accusing it of being a “rotten” trading platform.BitMEX Is Having a Tough TimeBased in Seychelles in Africa, the exchange specializes in bitcoin derivatives and has often been labeled a “bitcoin casino” over the years. The crypto trading platform experienced an outage earlier this week that isn’t sitting well with a lot of bitcoin fans, who say that the company is not reliable, and that any...

PayPal’s initiative has been brought about by the necessity to avoid contracting the virus. Following the news, its stock jumped by 3.82% yesterday and closed in the green. However, now PYPL stock is 1% down.In a hard time of the coronavirus pandemic, people have got used to making all the habitual actions they did outside without leaving their houses. Many services either became available online or added other features to ensure the safety and health of customers. Online payments giant...

Tesla (TSLA) stock prices rose yesterday but today it is falling. Meanwhile, it has become known that the EV maker decided to drop its lawsuit against Alameda County officials related to the lockdown order.Tesla Inc (NASDAQ: TSLA) stock prices went up 0.93% at the end of yesterday’s trading day. Sources say that this happened as the EV maker Tesla decided to drop charges against Alameda County court documents show.However, today TSLA stock is losing its value. Now it is 1.69% down, at...

The BTC rate has been correcting for two days after mighty growth. Today Bitcoin is generally trading at $9350.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Bitcoin price today is moving downThe market got scared of the transaction of the BTC mined in 2009Money leaks from the BTC – why?On W1, the Bitcoin restored its positions after a decline and returned to the upper border of the descending channel. The pair is currently testing 61.8% Fibo. A bounce off this level may entail another...

xDai STAKE token has gained a perfect position for its further growth with strong fundamentals and conservative market capitalization. It is ranked amongst top-performing assets since public sale on BitMax.io.Despite the recent global market volatility, select digital asset projects have displayed strong performance since launching on top-tier platforms. Among the recent listings, STAKE, the native token of xDai Chain, stands out as one of the industry’s top-performing assets since its...

Ford (F) stock price was rising yesterday but today in the pre-market it is falling. Meanwhile, Ford is closing its plants after some workers tested positive for coronavirus.Ford Motor Company (NYSE: F) stock price rose by 3.58% to $5.49 at the end of trading yesterday. Sources say that this was due to the automaker closing and reopening its Chicago plant twice. This happened within less than 24 hours.At its Chicago plant, two workers tested positive for the coronavirus. These closures...

EOS price failed to stay above the $2.700 resistance and declined recently against the US Dollar.The price is now trading below the $2.650 pivot level with a bearish angle.There was a break below a key ascending channel with support near $2.640 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains at a risk of more losses towards the $2.400 and $2.300 support levels.EOS price is currently facing an increase in selling pressure against the US Dollar, similar to...

Litecoin price failed to clear the $47.50 level and declined recently against the US Dollar.LTC price is now trading below the $45.00 level, with a bearish angle.There is a key bearish trend line forming with resistance near $46.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it remains at a risk of more losses below $44.00 and $42.00.Litecoin price is showing signs of another bearish wave against the US Dollar and bitcoin. LTC price...