Markets

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.Cryptocurrencies continue their slight growth and bulls have a lot of difficulties with conquering every level. It would seem that a long-awaited aggressive growth is...

Bitcoin’s price is no stranger to volatility and the period between the second half of 2017 and the first half of 2018 is a clear example. The price went from about $2,600 to its all-time high of $20,000 in December 2017 and all the way down to $6,000 in July 2018.At the time, though, no institutions were openly involved in the cryptocurrency market and the launch of institutional-grade Bitcoin futures contracts on both CBOE Global Markets and the Chicago Mercantile Exchange (CME) in December...

It is impossible to find an economy in Europe that is not affected by the coronavirus crisis. However, ministers in the Eurozone region have not reached an agreement on coronavirus efforts even after deliberating for hours on end.All over the world, several countries are consistently scrambling to do all that they can to save their economies, as the effects of the coronavirus pandemic continues. For weeks now, several financial markets all over the world have felt the terrible effects of the...

Zoom Video Communications (ZM) stock price lost $9.19 approximately 7.48% on April 8. The fall is being attributed to the class-action lawsuit. Zoom is being sued for not disclosing privacy security flaws.Since the outbreak of coronavirus, many people got to adapt to working remotely. Zoom Video Communications Inc (NASDAQ: ZM) and its stock price have been on the rise. However, the rally did not have much of the fuel as the bulls seem to be already exhausted. It all began around March 20,...

Blockchain scaling is back in the news – although, in truth, it never went away. Instead, higher global events conspired to relegate it to the inside pages for a time. Now, as the crypto markets show signs of a resurgence, with bitcoin back in the green for the year to date, on-chain scaling is a hot topic again.Decentralized applications require fast and low-cost transactions since every activity made in-app, such as placing a bet or creating an avatar, is saved on-chain. Networks such as...

Amazon (AMZN) stock is set to climb higher as the company suspends its new shipping services to focus on its core business as customer demand spikes.Amazon.com Inc (NASDAQ: AMZN) has announced plans to suspend its delivery service until further notice. The company had started Amazon Shipping to rival other logistics giants like FedEx and UPS, making the option available in a few places, including Los Angeles. However, according to a Wall Street Journal report, Amazon will stop from June, and...

Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday. The number of coronavirus cases in the U.S. has hit a new record. On Wednesday, it surpassed 400,000, doubling in just one week. The number of deaths in the country reached 12,864. The U.S. is reporting most COVID-19 cases worldwide, followed by Spain, Italy, France, and Germany. The coronavirus...

There’s something curious unfolding in global markets this month. While COVID-19 rages across the planet and the economy has ground to a halt, equities have actually been rallying. Global stock prices have been on their way up for two weeks now. It appears like Wall Street’s doing great. The Dow Jones Industrial Average has increased by 21.8% since Mar 23.So have investors lost their minds? On the face of it– this seems absolutely crazy. How could stocks be rallying when 10 million people in...

ADA price is currently gaining momentum and it is trading above the $0.0350 resistance against the US Dollar.A clear break above the $0.0370 resistance is needed for more gains.There is a key bullish trend line forming with support near $0.0340 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher towards the $0.0400 resistance as long as it is above $0.0320.Cardano price is trading in a solid uptrend above $0.0320 against the US Dollar, similar to bitcoin. ADA...

Bitcoin price is gaining momentum above the $6,800 and $7,000 resistance levels against the US Dollar.A high was formed near $7,471 and it seems like the bulls are eyeing more gains towards $8,000.There is a major bullish trend line forming with support near $7,090 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains in a strong uptrend and dips remain supported near $7,090 and $6,800.Bitcoin price is trading in a bullish zone above $7,000 against the US Dollar....