Markets

No matter how poorly bitcoin appears to be doing as of late, there are always fans and enthusiasts that seem to back it up, and venture capitalist Tim Draper is among the most prominent.Tim Draper Continues to Push BTCDraper has always been an avid supporter of bitcoin, purchasing several of them about six years ago following a bitcoin auction of Silk Road founder Ross Ulbricht’s crypto stash. In addition, Draper has always been adamant that bitcoin will reach six-figure status and has gone...

Quick recap: for the past few weeks, Bitcoin had been following the crashing global markets. While the S&P 500 and Nasdaq lost more than 30% over the past month, Bitcoin followed them but with a little bit of leverage.The primary cryptocurrency is now trading at a 50% discount from the highs of mid-February, when it was trading above the $10,000 mark.Many crypto enthusiasts waited for this moment. Bitcoin was born after the most recent significant financial crisis, the one of 2008....

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP 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 currency market failed to get over another collapse. In general, there is a great potential in Bitcoin for a rebound upwards and new growth in anticipation of...

Apple introduces its iPad Pro and its Macbook Air with lots of new and exciting features. The new iPad Pro has received the LiDAR Scanner.New Apple iPad Pro has been introduced to the public. It comes with all the bells and whistles that everyone expected and then some. Sources say that the Cupertino California technology giant had introduced its new MacBook Air as well.Apple Inc (NASDAQ: AAPL) launched its new products via a press release rather than via events. This is due to the new social...

The number of coronavirus cases has reached a new sad record of 200,000. The markets react negatively. Dow Jones is falling.COVID-19 cases surpassed 200,000 worldwide on Wednesday as the coronavirus continues to spread outside of China where the original thing started. Dow Jones continues to lose its points.At the time of writing, Dow is 1,764 points down.The total number of cases now stands at 206,664 as of 3:35 pm CET on Wednesday, according to data compiled by John Hopkins University. The...

Bitcoin has been down in the dumps as of late, but some analysts believe that the world’s number one cryptocurrency by market cap could surge by as much as $2,000 in the coming weeks. Is there any truth to their notions?Is a Bitcoin Spike Heading Our Way?Just last month, bitcoin had attained a new high for the year 2020 and was trading for about $10,350. This was miles above where it began the year (a measly $6,900), though that number is starting to look rather good by comparison to where...

Uber stock is falling after the firm confirmed that it was suspending carpool services as a result of COVID-19 despite a rally in the tech stocks.On March 17, the shares of Uber Technologies Inc (NYSE: UBER) closed lower 6.8% to $18.91 per share. But, as the coronavirus hit the global markets, other tech stocks rebounded. In the case of Uber, the shares dropped after the firm confirmed that it was suspending carpool services as a result of COVID-19. Today the fall continues and Uber stock is...

The value of checks that the U.S. government is sending to help people amid the coronavirus outbreak may reach $1,000 or even more.The U.S. Government is sending checks to households. This is reportedly to combat the effects of the economic malaise in the economy due to COVID-19. Sources say that the Secretary of the Treasury Steven Mnuchin indicated this yesterday at a white house conference.He reportedly said that the funds would reach households across America immediately.The amount that...

Bitcoin price recovery from last week’s catastrophic drop to $3,700 is still on as it tops $5,500 before pulling back below $5,200 partially driven by a boost from the reports that Trump Administration would support a $1 trillion coronavirus package.Nowadays we can read all about Bitcoin being “safe haven” in cases of emergencies, wars, unstable currencies, etc.However, nobody thought that an epidemic can become a “black swan” in such short notice. We had a big financial crisis back in 2008...

LINK has found strong support at the January opening price of $1.72.The cryptocurrency has dropped by a steep 64% from the March high of $5.02.It is finding support at 0.000345 BTC against Bitcoin as the buyers try to defend the area.Key Support & Resistance LevelsLINK/USD:Support: $1.72, $1.60, $1.50.Resistance: $2.00, $2.20, $2.40.LINK/BTC:Support:0.000346 BTC, 0.000332 BTC, 0.00032 BTC.Resistance: 0.000367 BTC, 0.00038 BTC, 0.00038 BTC..LINK/USD: Creates Fresh 5-month Low After Market...