Markets

Popular cryptocurrency commentator Tone Vays believes that Bitcoin has already reached its yearly bottom when it hit $3,700. He continued his positive prediction noting that BTC might not even dip below $6,000.Tone Vays: Bitcoin Already BottomedThe egregious circumstances caused by the COVID-19 pandemic led to extremely high levels of volatility in all financial markets in March. Naturally, the cryptocurrency market is amongst the leaders in terms of violent fluctuations. During the most...

Ripple price is currently trading nicely above the $0.1680 support area against the US dollar.The price is facing a major resistance near the $0.1875 level.There is a crucial bullish trend line forming with support near $0.1772 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a strong upward move if it breaks the $0.1875 resistance area.Ripple price is showing a few bullish signs above $0.1680 against the US Dollar. XRP price is likely to continue...

Things are looking good for bitcoin from a technical standpoint.Technical Charts Suggest Positivity for BitcoinPer recent technical charts, the world’s number one cryptocurrency by market cap has surged past a crucial position – the same position it moved beyond last January to incur a serious price spike that saw the currency surge past the $10,000 mark in mid-February.Could this mean that the gloom and doom that’s been plaguing bitcoin over the past few weeks is about to come to an end?...

President Donald Trump invoked the Defense Production Act to ban “unscrupulous actors and profiteers” from exporting critical medical gear used to protect wearers from the coronavirus. 3M stock price went down.American conglomerate 3M (NYSE: MMM) stock is experiencing not the best period. Though taking into account the products that the 3M company manufactures, the situation for it amid coronavirus could be just the opposite. On Friday, its stock lost 2.99% to trade at $133.79. After hours...

There has been a wide array of opinions about what bitcoin is doing throughout this pandemic. Some say it’s going to go up, while some say the downward spiral it’s been on for the past month is going to last until May’s halving.What Will Happen to Bitcoin in the Coming Days?One of the big opinions as of late is that bitcoin is the subject of a mass selloff – at least it was up until earlier this week. That explains why the world’s number one cryptocurrency by market cap fell into oblivion...

In this digest, we will look at some of the major new developments amongst major crypto exchanges that were implemented in the past month.During this uncertain time, many companies in the crypto industry are continuing to develop their technology further and implement more innovative features for their users. This crypto digest will guide you through the major stories of March 2020.Shimmer on RustAlso, this month crypto exchange Bitfinex announced the deployment of its proprietary market...

More and more financial experts are standing behind gold’s role in an upcoming economic turmoil. The merits and safe-haven status of the precious metal are aligning popular beliefs that it will outperform most (if not all) financial assets in the next few years.Gold To Stand Above AllWhether or not the COVID-19 is the only reason why most financial markets are tumbling is still disputable. However, the fact is that equities, oil, and yes, the cryptocurrency market, plunged hard in the past...

At the time of writing, the privacy-focused cryptocurrency Monero is allegedly outperforming bitcoin, the world’s number one cryptocurrency by market cap.Monero Is Up, Up and Away!Monero is only the world’s 12th largest digital asset, though it is easily today’s biggest gainer, having surged by more than seven percent in just the last 24 hours alone. It is currently trading for just shy of $54, according to Messari.io.Monero is a very controversial coin in that it offers people far more...

Binance, Block.one, BitMEX, BiBox, KayDex, BProtocol, Status and TRON Foundation received the class-action lawsuits. The lawsuits claim that those companies were selling or helping with the selling of unregistered securities.Binance, Block.one, BitMEX, TRON Foundation, BiBox and others received an astral hit. Well, not quite astral, but rather juridical. Because the regulators are mad when someone is doing things wrong.All the lawsuits are filed to the Southern District of New York. Per the...

Bitcoin has been dropping on a relatively consistent basis over the past month, and yet 2020 is still the year for mega predictions.Will Bitcoin Reach Its All-Time High in a Few Months?The co-founder of Morgan Creek – Jason Williams – is claiming that bitcoin will once again reach its all-time high of $20,000 this coming September. Normally, news like this wouldn’t strike people much, but considering the circumstances the crypto space and markets in general are now facing, this is a very bold...