Markets

Because of COVID-19, consumer demand for advertising (30% to 45% of Facebook’s total revenue) has fallen. Facebook (FB) stock has also suffered. Today, it has opened at $158.92.Facebook Inc (NASDAQ: FB) stock is suffering as the coronavirus continues its spread and badly affects the market. On Tuesday, the Facebook stock closed at $161.23 and further dropped in the after-hours sales. Today, it has opened at $158.92 but already tanked by 3.33%. At the moment of writing, the Facebook stock...

While Apple stock has corrected nearly 32% in just the last month, analysts point out at its strong fundamentals and multiple revenue streams and say it is a good bet at the existing valuations.On Tuesday, March 24, the U.S. stock markets recovered significantly after some fiscal stimulus measures the previous day. Smartphone giant Apple Inc (NASDAQ: APPL) also showed yesterday a solid 10% plus recovery with the company reclaiming its trillion-dollar valuations. On Tuesday closing, the Apple...

Nike reported quarterly earnings that have topped analysts’ expectations boosted by the company’s digital business and its success in North America. Nike stock is over 10% up today.On March 24, Nike Inc (NYSE: NKE) reported its earnings that topped analysts’ expectations, its stock reacted to the news. The quarterly earnings beat expectations due to a boost that came from the company’s digital business and significant growth in North America. These developments helped mitigate weakness in...

Following the latest price actions, Ethereum is undergoing consolidation around $135 against the US DollarEthereum is primed for a massive gain, but the price is still captured in an ascending triangle patternAfter breaking long-term support, Ethereum continued to drop and now faces another five-month support at 0.0195 BTC level against Bitcoin.ETH/USD: Ethereum Looking For BreakoutKey Resistance Levels: $160, $180, $196Key Support Levels: $121, $101, $86ETH/USD. Source: TradingViewThis week,...

The popular encrypted messaging application Telegram won’t be able to issue its GRAM tokens, for now. This becomes clear as a US District Court granted an injunction against the company in its lawsuit filed by the Securities and Exchange Commission (SEC).Howey Test Positive: GRAM Are SecuritiesTelegram’s GRAM sale has been officially halted following a lawsuit filed by the US Securities and Exchange Commission. According to a document issued by a United States District Court on March 24, the...

Over the past day, we saw the Bitcoin price trading inside the tight range between $6600 and $6800. A few hours ago, Bitcoin finally seemed to break successfully to the upside touching $7000; however, the primary cryptocurrency got rejected very quickly, plunging $400 immediately back inside the described trading range.Over the past weeks, we had mentioned the correlation between Bitcoin and the global markets. This correlation disappeared at some point, but as of writing these lines and over...

Bitcoin could reach $100,000, said the CEO of the leading cryptocurrency exchange by volume Binance. Changpeng Zhao (CZ) noted that printing trillions of dollars by the Fed during the current crisis makes it easier to believe that Bitcoin’s market cap could tap $2 trillion.Bitcoin To $100,000?The world is going through an unusual phase at the moment. The rapid spread of the novel COVID-19 led to closed cities, countries, and, ultimately, crashing economies. The stock markets felt the pressure...

ADA price is currently consolidating in a tight range below the $0.0320 resistance against the US Dollar.The price is holding the key $0.0280 support level and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $0.0284 on the 4-hours chart (data feed via Kraken).The price could start a strong rise above the $0.0320 and $0.0340 resistance levels in the near term.Cardano price is making an attempt to rise above key hurdles against the US Dollar...

Bitcoin price is trading nicely above the $6,400 and $6,220 support levels against the US Dollar.It is facing a major hurdle on the upside near the $6,840 and $7,000 levels.There is a major contracting triangle forming with resistance near $6,820 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but it is likely to remain well supported near $6,400 and $6,300.Bitcoin price is trading in a positive zone above the $6,400 level against the US...

Brave, Binance unite their passion for cryptocurrencies. The new application which is built into the Brave browser will allow Binancians to log in to the account, send, receive, swap cryptocurrencies such as Bitcoin, Ethereum and so on.If you don’t have Binance account, the applet can be deleted and re-added on each new tab via browser’s Settings. Brave browser partners with Binance to allow users to send and receive coins via exchange in each new Browser tab.With the new update, Brave...