Markets

Over the past two days, we saw Bitcoin continued its correlation with Wall Street. After reaching a 2-month low at $7600, and finding support upon the historic trend-line, Bitcoin recovered to $8150, however, just like the Wall Street futures, BTC price lost momentum and now trading roughly around $7800 – $7900.In the bigger picture, Bitcoin touched the historic ascending trend-line two days ago, as can be seen on the following weekly chart. This historic trend line was started forming in...

There is nothing so far to suggest that there will be a permanent impact on businesses, or that earnings will not eventually recover. But when you want to invest during the crisis, you need to think about long-term benefits.As coronavirus is spreading at an incredibly fast pace, people all over the world are watching eventual developments in the markets to find stocks for investing. However, it is important to stress that making an investment just because the markets are down and/or you are...

While TSLA stock is quite unstable these days, Tesla has announced its new plans for its production activity in China.Tesla Inc (NASDAQ: TSLA) stock rose by 6.14% by Wednesday to trade at $644.81 while there were revealed the company’s plans to increase its production capacity in China. The stock market had been bleeding out due to the sharp decline in crude oil prices that hit the market caused by the ongoing coronavirus outbreak. Since Monday, Tesla (TSLA) stock nosedived after the release...

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...