Markets

The S&P 500 lost over 30% in March in a few days of trading. The drop was primarily attributed to the spread of the novel coronavirus (COVID-19) and the effect it had on economies. The index has since recovered and gained more than 500 basis points but is still a long way to go. Now, however, the Bank of America says that the S&P 500 can mark new lows if the current volatility continues for much longer. Volatility Spells Trouble For The S&P 500 According to a recent report, a...

ADA price followed a bullish path above $0.0320, but it faced hurdles near $0.0370 against the US Dollar.It is currently correcting lower and trading below the $0.0350 level.There is a key contracting triangle forming with resistance near $0.0355 on the 4-hours chart (data feed via Kraken).The price could continue to move down if it breaks the $0.0340 support area.Cardano price is currently showing signs of weakness against the US Dollar, similar to bitcoin. ADA price must surpass the $0.0360...

Bitcoin price started a fresh decline and traded below the $7,000 support against the US Dollar.It is currently showing a few bearish signs below $6,965 and $7,000.There is a key contracting triangle forming with resistance near $7,220 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline further towards the key $6,600 support before it might start a fresh increase.Bitcoin price is struggling to remain in a positive zone above $6,800 against the US Dollar....

Apple is expanding its services like App Store, Apple Podcast, iCloud, Apple Music tp the additional markets in Africa, Europe, Asia Pacific. However, AAPL stock is in the red today.The most significant driver for a massive boom in Apple Inc (NASDAQ: AAPL) stock might be what does not excite investors. Amit Daryanani, an analyst with Evercore ISI recently, unpacked his $500 upside case for Apple (AAPL) stock price and explained what could be the significant catalyst: margin expansion.In...

The price of Bitcoin has fallen under $7,000 in response to the serious crash of WTI oil futures price.The role of Bitcoin, especially with the ongoing coronavirus pandemic, has been one to watch since the outbreak started. Many expect Bitcoin to be a serious game-changer especially as the financial markets continue to crumble. Bitcoin proponents also tout the king coin as a safe-haven asset, in times of uncertainty like the current pandemic. However, Bitcoin seems to be suffering because of...

After closing yesterday at $746.36 with a 1% drop, Tesla (TSLA) stock is down around 6% now. It is predicted that Tesla stock price would hit $2,000 in 2019.Tesla Inc (NASDAQ: TSLA) opened the market on April 21 with over 5% drop to trade around $690 at the time of reporting. However, don’t be deluded by the drop as TSLA stock price is up 75% so far this year. It is not rocket science that Tesla stock is thriving amid the coronavirus crisis when other automotive industries are shedding at an...

Bitnomial is the latest cryptocurrency exchange to receive the green light from the US Commodity Futures Trading Commission (CFTC) for offering US Bitcoin futures and options as designated contract markets (DCM). Announced on April 20, the derivatives contracts are to be margined and physically delivered, which means that traders will get Bitcoins after the final settlement of the contract. User Acceptance Testing Scheduled For This Month Even though the launch date of derivatives trading is...

Tezos is likely to correct downward to $1.6 if the price plunges below a five weeks wedge. Against Bitcoin, XTZ established resistance around 32840 SAT after gaining 27% in two weeks. Nonetheless, Tezos is still looking bullish across trading pairs despite the recent drops. XTZ/USD: Tezos Looking Bullish But Breakout Is Imminent Key Resistance Levels: $2.36, $2.5 Key Support Levels: $1.85, $1.6 XTZ/USD. Source: TradingViewTezos lost 7% overnight following the latest fall in Bitcoin’s price...

Prominent American economist and full-time Bitcoin slammer, Peter Schiff, used the recent oil slumps to bash against the primary cryptocurrency. He believes that the events have still not validated Bitcoin as an asset class, but that the downside risk it provides is “only” 100%. Schiff: BTC’s Risk Is Limited To 100% It seems today that Schiff, the CEO, and CGS of Euro Pacific Capital, uses almost all current economic events as an opportunity to talk down the largest cryptocurrency by market...

As of the market closed on Monday, shares of Inovio Pharmaceuticals (INO) were up by 9.6%, while Moderna (MRNA) rose 10.3%. Novavax (NVAX) blasted higher by 24.7%, and VBI Vaccines (VBIV) posted a comparable 24.2% gain.Inovio Pharmaceuticals Inc (NASDAQ: INO) jumped 9.5% to trade slightly above $9 as of April 20, 19.59 EDT. The shares were trading 3.87% up in the pre-market on April 21, at $9.40. The rise was similar to what was observed in almost all COVID-19 vaccine space led by Moderna...