Markets

Brian Armstrong, the CEO of leading US-based cryptocurrency exchange, Coinbase, believes that the current drop in the global markets and the latest cut in the interest rates might be a turning point for the industry as it could lead to a crypto surge this year.Using Crypto As A Reserve CurrencyAccording to Armstrong, governments around the world are continuously looking for ways to stimulate the failing economy, including using “quantitative easing” and printing more money, just like China...

The 10-year and 30-year Treasury bond yields are currently at their historic lows. Tuesday’s FED rate cuts have surprised traders as investors are now leaving stocks aside and moving for safer bonds.The economic effects of the rising coronavirus spread have forced policymakers to take instant corrective measures. Last week, the S&P 500, Nasdaq, and Dow Jones plunged around 10%, one of the nastiest corrections in the market after the 2008 financial crisis. To combat it, the Federal Reserve...

ADA price started a major decline and traded below the $0.0520 support against the US Dollar.The price traded as low as $0.0450 and it is currently correcting higher.There is a key bearish trend line forming with resistance near $0.0515 on the 4-hours chart (data feed via Kraken).The price could resume its decline if it fails to recover above the $0.0515 and $0.0520 resistance levels.Cardano price is facing an increase in selling pressure against the US Dollar and bitcoin. ADA price must...

The FED interest rate will receive a cut-off despite the fact that Jerome H. Powell was previously against that. Donald Trump and Steven Mnuchin send the words of support. The U.S. is full of coronavirus fears.Due to the coronavirus attack, the U.S. Federal Reserve (FED) decides to take 50 basis points off the interest rate. After the news, Bitcoin price went up, later showing again that the trend is not moving in a positive direction. No matter what, Bitcoin is in the relax zone below $9000....

Bitcoin price declined heavily and traded below the $9,000 support against the US Dollar.The price traded as low as $8,400 and it is currently correcting higher.There is a major bearish trend line forming with resistance near $9,405 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct higher towards $9,400 if it breaks the $9,000 resistance.Bitcoin price is currently correcting higher above $8,800 against the US Dollar. BTC must surpass $9,000 to start a...

Today, the cryptocurrency community in India received a positive outcome on behalf of the country’s Supreme Court. After years of suppression from the Reserve Bank of India, The Supreme Court officially lifted the ban on trading or operating with digital assets.The RBI’s crypto ban is UnconstitutionalA local report from earlier today informed the positive outcome coming from the giant Asian country. A three-judge bench led by Rohinton Nariman quashed the 2018 directive from the Reserve Bank...

Despite the raging volatility of the global markets due to the coronavirus, Bitcoin is acting as a stable coin, and over the past week, we had seen it trading between $8500 and $9000, which is roughly a 5.6% price range.Since the previous analysis from two days ago, Bitcoin had broken above our marked triangle (on the following 4-hour chart), and surged to the next resistance level at $9000, along with the 4-hour’s 50 moving average line (the pink line).There, the primary cryptocurrency got...

Place/Date: Vienna, Austria - March 3rd, 2020 at 8:55 pm UTC · 2 min read Contact: Bitpanda co-CEO Paul Klanschek, Source: Bitpanda Photo: Bitpanda Pro / TwitterBitpanda, the European leading home of digital assets, is repositioning its professional offering. The Bitpanda Global Exchange has been renamed to Bitpanda Pro and will now complement the company’s beginner-friendly brokerage service. Bitpanda Pro will focus on crypto-to-fiat markets with European currencies to onboard both...

Thermo Fisher launched an $11.59 billion bid for genetic testing company Qiagen NV. This acquisition may create a powerhouse that could be the next big thing in the biomedical field.Thermo Fisher Scientific Inc (NYSE: TMO) seems set to acquire Qiagen NV (NYSE: QGEN). The deal is reportedly worth about $11.59 billion. With its headquarters in the Netherlands, Qiagen runs operations from Germany. Sources indicate that the deal is expected to be rounded up as early as this week. After talks...

Costco stock is directly poised to enjoy a heavy surge in related supplies as the coronavirus outbreak causes people to start bulk buying.Because of the coronavirus epidemic, news about stock crashes are no longer surprising. Many companies have had some losses because the outbreak has serious adverse effects on their books and their general business. What makes the situation worse is that the coronavirus is still spreading and there is little to no hope of a solution anytime soon. However,...