Markets

There are some rumors about the interconnection of Bitcoin and the whole stock market. Find out three possible ways in which cryptocurrency can affect the global trade market.There have been rumors that are hovering around that even the Bitcoin crash can affect the Trade Market. These rumors are hardly believable. But what if the rumors are true? Then what? Will you be able to take Bitcoin trade lightly?If we look into the past and go through the records, you will be able to see that...

Cisco (CSCO) stock price fell slightly in the last trading session but is up now. This has happened after the networking giant reported its third-quarter earnings.Cisco Systems Inc (NASDAQ: CSCO) stock price dipped by 2.94% yesterday. The stock closed slightly down as the markets generally moved in a downward fashion.This negative sentiment came as Cisco released its third-quarter earnings. As at the time of filing this report, in the pre-market, Cisco (CSCO) stock price was $43.05...

The Bitcoin halving event took place on May 11, three days ago. As expected, that day was volatile to both sides, but the bottom line was that Bitcoin maintained the crucial support zone around the $8K mark.The latter includes the significant 200-days moving average line (marked light green on the following daily chart), together with a mid-term ascending trend-line.The day following the halving was calm… very calm. It was actually ‘the calm before the storm.’ Since yesterday, Bitcoin fired...

EOS price started a sharp decline after it failed to stay above $3.00 against the US Dollar.The price broke the key $2.600 support and traded as low as $2.169There is a major bearish trend line forming with resistance near $2.600 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair must climb above the $2.600 resistance zone to move into a positive zone.EOS price is currently correcting higher above $2.400 against the US Dollar, while bitcoin is rising. The price must...

Litecoin price declined heavily after it failed to clear the $50.00 resistance against the US Dollar.LTC price traded as low as $39.40 and it is currently correcting higher.There was a break above a short term contracting triangle with resistance near $42.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could spike towards the $44.00 and $45.00 resistance levels in the near term.Litecoin price is showing sign of a decent upward move against the US Dollar and...

Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling.Bitcoin Price Soars 9% in Less Than Three DaysBitcoin’s halving took place a little more than 48 hours ago. At the time, BTC was trading at around $8,550, and it currently changes hands at over $9,300, while the current daily high touched $9400 on Bitstamp. This marks an increase of...

The past few weeks have been relatively up and down for bitcoin, the world’s number one digital asset by market cap, but for Changpeng Zhao – CEO of Binance, the most popular and largest crypto exchange across the globe in terms of volume – the good news is just getting started for BTC.Changpeng Zhao Thinks Use Will Increase for BTCDuring the last few months, there has been serious hype surrounding the bitcoin halving, which occurred roughly 48 hours ago. For the most part, the leadup to the...

Sony (SNE) stock is down nearly 5%. The company reported a 57% drop in fiscal fourth-quarter operating profit but claims PlayStation 5 is still on track for the 2020 holiday season.Sony Corporation (NYSE: SNE) stock has taken a sharp reversal after the company reported a huge drop in operating profit for the fourth quarter. At the time of reporting, it was trading at around $62.51 (-4.71%), and likely to continue falling. Essentially because its operations have been hampered by the ongoing...

The government of India has partnered up with a blockchain startup to help increase their earning by eliminating the middleman.Cutting The Middleman In Product PlacementAs it was announced on Tuesday, the tech startup firm Acri10x will partner with the Indian government to stimulate farmers across the country. The idea is to build a better connection between small-scale growers, their businesses, and markets.This way, remote farmers in the country will be able to sell their products faster...

Matic saw a 7.5% price surge over the past 24 hours and 22% in the past two days.The cryptocurrency rebounded from a rising trend line over the weekend and pushed higher.Against Bitcoin, Matic is facing resistance at the 200-days EMA at around 195 SAT.Key Support & Resistance LevelsMATIC/USD:Support: $0.016, $0.014, $0.0126.Resistance: $0.0177, $0.019, $0.02.MATIC/BTC:Support: 190 SAT, 180 SAT, 161 SAT.Resistance: 205 SAT, 218 SAT, 231 SAT.MATIC/USD – Matic Surges Following Mainnet...