Markets

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has fallen an additional $200 and is now trading for just over $6,000.Bitcoin Has Dropped Another $200This means the currency has lost about $700 in just a few days. At the end of last week, the asset had reached a solid price of about $6,700 – a nice throwback to where it had been before all this crazy coronavirus panic. While this was still more than $3,000 less than its February high point, bitcoin...

Bitcoin Cash would remain bearish as long as the price action remains inside the daily channel against the US DollarThe price is still up 1.87% despite the recent bearishness in the overall marketAgainst Bitcoin, BCH is currently relying on 0.033 BTC support levelBCH/USD: BCH Rejecting At $240 Resistance Key Support Levels: $240, $280, $351Key Resistance Levels: $200, $169, $141BCH/USD. Source: TradingViewAfter a massive crash earlier this month, Bitcoin Cash saw a significant recovery over...

President Donald Trump reversed his earlier decision to open the United States by April 10, 2020, and now he plans to reopen the country for business on April 30.On March 29, President Donald Trump reversed his earlier decision to open the United States by April 10, 2020. He has decided to extend national social-distancing guidelines to April 30. This initiative is aimed at keeping the forecasted coronavirus death toll in the U.S. from reaching catastrophic and worst-case scenario levels.In...

As a result of the ongoing coronavirus pandemic, EasyJet has announced that it has grounded its entire fleet of more than 300 aircraft. EasyJet stock market has lost another 8% after the announcement amidst internal disagreements.EasyJet plc (LON: EZJ), a British low-cost airline group that is headquartered at London Luton Airport, has today announced that it will ground its entire fleet of more than 300 aircraft. The airline is responding to the ongoing travel restriction caused by the...

Abbott Laboratories (ABT) stock rises further following the company’s announcement about its system for identifying coronavirus. Today, during the pre-market hours, Abbott Laboratories shares were 8.77% up. Now they are 6.83% up.It is high time to see where do things stand in healthcare companies. One of them, Abbott Laboratories (NYSE: ABT), has recently got FDA approval on its coronavirus test m2000 RealTime System, which takes a 5-minute minimum to get the results. The test is portable and...

JPMorgan Chase (JPM) stock price remained in the neutral territory today in the pre-market as strategists say that the worst is over for the financial markets. As the trading opened, JPM started falling.JPMorgan Chase & Co (NYSE: JPM) stock remained neutral during the pre-market. Sources say that the banking behemoth’s stock prices seemed to hold steady as many expect the U.S. economy to go into a recession.This period of negative growth has been expected for the past month or so. This...

The extreme levels of volatility reached the U.S. dollar as well, and the world’s reserve currency is losing value. It comes only days after the historic $6.2T “stimulus package,” which aims to help individuals and businesses in need.Amid the rising threat of inflation and concerns amongst numerous experts, the cryptocurrency community broached Bitcoin’s scarcity as an alternative to the constant increase of fiat money in circulation.U.S. Measures Harm The DollarThe novel coronavirus appeared...

Stellar lumen price is currently recovering higher from the $0.0375 area against the US Dollar.XLM price is likely to face a strong resistance near the $0.0405 and $0.0410 levels.Earlier, there was a break below a major bullish trend line with support near $0.0400 on the 4-hours chart (data feed via Kraken).The pair could surge towards $0.0440 if it clears the main $0.0410 resistance area.Stellar lumen price is recovering towards major hurdles against the US Dollar and bitcoin. XLM price...

Ripple price declined recently from the $0.1880 resistance area against the US dollar.The price is now trading below $0.1700, but it is holding the key $0.1600 support.There is a key bullish trend line forming with support near $0.1605 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could only resume its upward move as long as it is above the $0.1600 support area.Ripple price is holding a key uptrend support near $0.1600 against the US Dollar. XRP price is likely...

The CME Group in Chicago, Illinois, is proving to be one of the biggest and most influential establishments in the entire crypto community.The CME Group Is Heading for the TopThe company has gone on to break all kinds of records with its latest bitcoin futures options, which became available in late January of this year. The firm has already managed to outdo the likes of Bakkt, which arguably had greater publicity going into the bitcoin futures market and had more of a leadup before its doors...