Markets

During the meeting in Vienna on Friday, Russia, Saudi Arabia and other OPEC participants were talking about the oil price and possible decrease of supply. Bitcoin price is down.Per the plan, the world economy supposes to receive a boost thanks to the collective decrease in oil production. If all the major players would shorten oil extraction, the price would rise. However, not all the countries were happy with the OPEC plan. Russia said they don’t have to make any more moves regarding the...

The cryptocurrency market plunge started during the weekend and continues as of writing these lines. Bitcoin dumped with over 15%. Naturally, the general sentiment among the crypto community has changed. Some speculate that the 2020 bullish trend is now over and that investors should prepare for even worse consequences.Market Sentiment Follows The PriceIt’s safe to say that the cryptocurrency market has seen better times. In a matter of three days, the total market capitalization went from...

The cryptocurrency market tumbled over the weekend, and it brought a wave of familiar negative voices. The two famous American economists, Nouriel Roubini and Peter Schiff, quickly took the opportunity to bash Bitcoin for not being a proper hedge during the current economic turmoil.Dr. Doom Against BitcoinWith the rising impact of the coronavirus and the recent Oil Price War, the financial markets plummeted. The cryptocurrency market also dropped severely. Bitcoin, the leading digital asset...

Despite the many investments and acquisitions taking place in the Ethereum space, the ETH token followed Bitcoin’s lead into losing more than 10% of its value between March 7 and March 8.Over the weekend, the crypto markets suffered colossal losses that left many of the top tokens losing over 10% of their value. Bitcoin led this massive meltdown with nearly $30 billion erased from the crypto markets. On its part, Bitcoin lost almost 18% over the past two days resulting in a dismal performance...

Ethereum dropped a steep 12% over the last 24-hours as it sinks into support at $205.The cryptocurrency initially climbed into the $250 resistance before severely rolling over and crashing toward the 100-days exponential moving average.Against Bitcoin, Ethereum also dropped but found support at the 0.0247 BTC level.Key Support & Resistance LevelsETH/USD:Support: $200, $190, $171.Resistance: $206, $220, $225.ETH/BTC:Support: 0.025 BTC, 0.0247 BTC, 0.0239 BTC.Resistance: 0.0263 BTC, 0.027...

Ripple’s XRP market price dipped down nearly 10% over the weekend after Bitcoin and Oil prices nose-dived as a result of the global coronavirus outbreak.Ripple’s XRP market price dipped down nearly 10% over the weekend after Bitcoin and Oil prices led in the fall. XRP ranked third based on market capitalization, fell sharply on Sunday 8th to trade around $0.21 per coin. Bitcoin fell sharply to trade below $8,000 price level after hitting $9,190 on Saturday evening.The crypto market was not...

The Dow Jones Futures dropped Monday morning. This comes are investors are bracing for more bad news about COVID-19.Sources say that the Dow Jones Futures dropped to 1,236 points. United stats Treasuries are down too. Yields have fallen below 0.5%. many within the treasuries markets say that the US FED may drop rates even further.The markets seem to be going in this direction as well. Saudi Arabia has reportedly led the oil price wars. The Saudis reduced oil prices for April deliveries. This...

Stellar lumen price is down more than 8% and it broke the key $0.0550 support against the US Dollar.XLM price is currently consolidating losses near the $0.0500 level.There is a key bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Kraken).The pair is likely to extend losses if there is a clear break below the $0.0500 support area.Stellar lumen price is plunging and it broke many key supports against the US Dollar and bitcoin. XLM price could either...

Today more and more blockchain and crypto-related projects are entering the financial market offering competitive advanced services.Innovations around blockchain and crypto tech have been on the rise since Bitcoin’s first transaction a decade ago. Despite the regulatory hurdles, this industry emerged as a force to reckon with especially after Facebook’s digital currency proposal Libra.More so, a number of blockchain and crypto oriented projects are popping up in relation to the financial...

Bitcoin and other cryptos’ prices dropped soon after a plunge in oil prices. Besides, Bitcoin lost its positions as a result of a crypto scam committed by PlusToken.Today, the beginning of the trading session has become the worst this year. After a massive sell-off on Sunday, markets have not managed to recover. As a result, cryptocurrencies have suffered significant drops. Bitcoin price declined by 9.32% in 24 hours, Ethereum lost 10.48%, Litecoin dropped by 14.41%, XRP is 9.95% down. This...