Markets

Today, on Thursday, April 16th, the Ethereum price is growing steeply. The coin is generally trading at 169.70 USD.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Ethereum price is growing today: tech analysis.The price of all assets in the ETH network has become equal to the BTC.Users will be able to check the origin of the cryptocurrency.On W1 of the Ethereum, we see that the correctional phase after a rapid decline was too “modest”. A new wave of descending dynamics did not become vast...

Alphabet (GOOGL) stock plunged yesterday as the company decided to slow down hiring new employees for the rest of this year and reduce spending in such areas as data centers.Alphabet Inc (NASDAQ: GOOGL) stock dropped on April 15 after soaring the day before. It close 0.63% down at $1257.30. Today in the pre-market, GOOGL is 0.78% up, at $1,267.12.At the beginning of 2020, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL)stock performed quite well. The all-time high closing price was $1524.87 on...

Blockchain technology proved its worth recently in a wheat shipment deal from North America to Indonesia worth $12 million. The U.S.-based Cargill Incorporated and the Singaporean international trading company, Agrocorp, completed the trade using the dltledgers blockchain platform. $12 Million Deal On DLT Cargill Incorporated is an American privately held global corporation, whereas Agrocorp is a large International trade firm serving markets with globally sourced commodities. Both entities...

EOS price is back in a negative zone below the $2.500 support against the US Dollar.There is a cluster of supports on the downside near the $2.300 level.There is a major declining channel forming with resistance near $2.500 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).A clear break below the $2.300 support zone could spark more downsides in the near term.EOS price is slowly moving back into a downtrend against the US Dollar, similar to bitcoin. However, if the price...

Litecoin price is down more than 10% from the $45.00 resistance against the US Dollar.LTC price broke the key $40.00 support level to move into a bearish zone.There is a major bearish trend line forming with resistance near $41.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must stay above the $38.00 or $37.00 support to start a fresh upward move.Litecoin price is showing a few bearish signs below $42.00 against the US Dollar, similar to bitcoin. LTC price...

The argument surrounding next month’s highly anticipated bitcoin halving is revving up.The Bitcoin Halving: Could Be Bad, Could Be GoodThe bitcoin halving is slated to bring the number of block rewards garnered by bitcoin miners down by half. The event is designed to control inflation and ensure bitcoin maintains a level of rarity that keeps it popular and useful in today’s growing financial markets.While bitcoin has halved before, this event seems to be garnering more attention than past...

Bitcoin has started the day out well. After falling beneath the $7,000-mark last week, the world’s number one cryptocurrency by market cap has managed to add a further $200 to its overall price. While the currency is still below $7,000, it’s about to break this line once again.Bitcoin Is Heading for the StarsAt the time of writing, BTC is trading for $6,979. Another $20 or so and we’ll be in a whole new range for the third time over the past month. The currency has suffered greatly at the...

Shares of the ‘Big 4’ U.S. airlines surged in pre-market trading on Wednesday after they accepted the government coronavirus bailout. United Airlines, American Airlines, Delta Air Lines, Southwest Airlines stocks have all risen by average 10% but are falling now.The Big 4 U.S. airlines stocks jumped by nearly 10% on Wednesday, April 15, after they accepted more than $15 billion in government bailouts. The bailout is set to assist the airlines to avoid layoffs during the ongoing coronavirus...

ICO’s, IEO’s, and even STO’s have failed to live up to their promised hype as it became difficult for blockchain companies to raise capital through them. However, some companies have found success in the token sale model.The cryptocurrency frenzy of 2016, followed by the market-wide rally in 2017, brought Initial Coin Offerings (ICO’s) to the limelight. However, a study published in 2018 concluded that 80 percent of ICO’s completed during these two years were either fraudulent or a scam,...

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, EOS and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The cryptocurrency market is correcting again. Assets are rebounding from their respective resistance levels while the potential for significant decline remains. On...