Markets

Bitcoin price declined heavily and broke the $8,000 support against the US Dollar.The price traded as low as $7,636 and it is currently correcting higher.There are two key bearish trend lines forming with resistance near $8,840 and $9,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct higher, but it is likely to face a lot of hurdles near $8,400.Bitcoin price is trading in a bearish zone below $8,400 against the US Dollar. BTC is likely to correct...

On March 9th, a black swan broke out in the global market: the negotiations on oil production cuts between OPEC (Organization of the Petroleum Exporting Countries) and Russia broke down, which led to the collapse of the major oil-producing countries’ alliances and triggered a full-scale price war. As soon as the news came out, the oil market collapsed immediately, and the price of oil in the Asian morning session plummeted by nearly 30%, reaching around $ 30.Global Cryptocurrency Markets and...

Belgium has decided to auction off several bitcoins it has in police storage.Belgium Is Set for a Bitcoin AuctionThis is a tactic that has been utilized time and time again and will likely continue so long as criminals seek to perform activities utilizing bitcoin. Several of these bitcoin auctions occurred years ago after the fiasco involving Ross Ulbricht, the alleged creator of the black-market website Silk Road. The U.S. Marshals service sold off several of the bitcoins held in Ulbricht’s...

Significant changes to BOSAGORA have been reached through hard work and application of theory, discovering what has worked so far and what has not.The future looks bright for BOSAGORA. Although Bitcoin and the wider cryptocurrency market was somewhat stagnant throughout 2019, BOSAGORA bucked the trend as BOA increased in value by 279% from August to year’s end. BOSAGORA now looks forward to 2020 following a period of steady project development and refinement.BOSAGORA is a decentralized,...

PayPal lost over 8% of its stock price yesterday as it feels the brunt of the biting coronavirus epidemic. The company’s execs have also been dumping shares.Just like many other companies, PayPal Holdings Inc (NASDAQ: PYPL) is not having a field day at all. The company’s stock is reacting quite unfavorably to the coronavirus epidemic burning large holes through the stock market. Currently, PayPal (PYPL) stock isn’t exactly doing great, causing the company and investors to be a little worried....

Elon Musk has announced that Tesla has now produced 1 million vehicles. Tesla (TSLA) stock positively reacted to this announcement and jumped almost 10% in the premarket.As many companies decry the current state of the market, some are still finding ways to weather the storm. The world’s biggest firms including Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA), have seen record plunges in recent times, because of the coronavirus pandemic. Tesla, however, is...

Bitcoin has come to a crashing, screeching halt.Bitcoin Crashes, Loses All Its 2020 GainsAt the time of writing, the world’s number one cryptocurrency by market cap has fallen into the $7,000 range and is now trading at a measly $7,600. All the gains it’s made this year have been erased from the trading board. As fears of the coronavirus turn into a global panic, bitcoin and its altcoin cousins – along with several other market tools, such as oil, bonds and stocks – are all paying the...

The recent volatility in the global markets and the cryptocurrency markets has raised most trading volumes. Bitcoin options, for instance, reached a new all-time high yesterday. The futures market also saw a massive jump in the volume, as Binance Futures breaks its all-time high record.Bitcoin Options Volume SoarsThe past several days have been quite harmful to the cryptocurrency market in terms of price action. For example, the leading digital asset by market capitalization, Bitcoin, lost...

Tiffany Hayden is known as a major XRP supporter but she has sold off all her XRP holdings, citing bullying in the larger XRP community.The self-proclaimed Ripple‘s XRP CEO Tiffany Hayden has ditched her position on grounds of being bullied by the XRP community. In a series of tweets, she explained her experience ever since she began complaining about some flaws with the system, where the XRP community was harsh on her.According to the tweets, Hayden, who was considered a major supporter of...

Last week’s decision from the Supreme Court of India to lift a two-year-old ban on cryptocurrency usage already has a positive impact on the local business scene. Kraken, a leading veteran U.S.-based digital asset exchange, announced plans to invest resources in the Indian market.Kraken Recommits To The Indian MarketThe veteran San Francisco-based exchange, Kraken, is planning to invest in the newly-reopened for cryptocurrency-related business Indian market. The company recently announced its...