Markets

Amazon’s signature Prime Delivery and Grocery delivery services are facing delays due to overwhelming demand from customers on account of the COVID-19 outbreak. The logistical challenges are mounting for the company. AMZN stock is in red after hours.The coronavirus pandemic has created panic all across the globe with a massive surge in demand for household items. In a blog post on Friday, March 13, e-commerce giant Amazon.com Inc (NASDAQ: AMZN) warned that it is running out of stock for...

Ripple price is currently correcting higher after a massive decline of 50% against the US dollar.The price is back above the $0.1400 area, but it is facing a lot of hurdles.There is a major bearish trend line forming with resistance near $0.1700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to struggle near the $0.1650 and $0.1700 resistance levels in the near term.Ripple price is slowly recovering from the $0.1100 yearly low against the US Dollar. XRP...

After a 3-day recovery, Ethereum price continues its bearish momentumAgainst the US Dollar, Ethereum continued to struggle under the $140 markAgainst Bitcoin, ETH found weekly support (0.022 BTC) upon a mid-term trend line; however, the situation is fragileETH/USD: Ethereum Trades Under $140Key Resistance Levels: $140, $160, $180, $200Key Support Levels: $115, $100, $86, $80Last Thursday, we saw the heavy price movement that crashed Ethereum’s price to $86 following Bitcoin’s 40%  daily...

The crashing and burning of bitcoin has left the currency in the dust, and many say they’re losing confidence in the asset, along with the industry that houses it.Bitcoin Has People Questioning Its AbilitiesAt the time of writing, bitcoin has steadied itself somewhat and is trading in the mid-$5,000 range. This is a massive fall from where it was just last month, when it was trading for more than $10,300. For the most part, bitcoin has lost about $3,000 in just the last week alone.The...

Along with every other financial instrument led by the global stock markets, Bitcoin plummeted in the past two weeks following the worldwide spread of the coronavirus.Following their desire to see Bitcoin emerging as the next generation’s safe-haven asset, this latest severe Bitcoin plunge felt like a nightmare for many Bitcoiners.The following article will try to examine what led to the massive sell-off and will end in a little hope that Bitcoin might not have said its final word yet...

In a memo to employees, Amazon has confirmed the second coronavirus case and notified all employees who came in contact with the infected person. Amazon has allowed remote working from home for all its employees through the month of March.E-commerce giant Amazon.com Inc (NASDAQ: AMZN) has confirmed another case of coronavirus COVID-19 from its Seattle office on Friday. Speaking to CNBC, Amazon has confirmed that the employee has been kept in quarantine for the time period. As for the Amazon...

Donald Trump’s coronavirus test came back negative, his personal physician revealed on Saturday. According to the doctor, the test was performed Friday night and the president “remains symptom-free”.The United States President Donald Trump has tested negative for the coronavirus, according to a statement Saturday from the White House.Sean Conley, the physician to the president said:“Last night after an in-depth discussion with the President regarding COVID-19 testing, he elected to proceed....

Bitcoin has tough days. The primary cryptocurrency had lost 40% of its value over the past four days.The fact that the price of Bitcoin is positively correlated with the global stock markets had been a surprise to many in the crypto community, who waited eagerly to see Bitcoin price exploding amid the emerging coronavirus financial crisis. After all, Bitcoin was born as alternative money following the recent financial crisis of 2008.Back to the price charts: the abnormal behavior that took...

For the past several days, Live Bitcoin News has reported on the fact that bitcoin has entered a freefall that has caused it to lose roughly half its value over the course of a few short weeks.Maybe It’s Time to Buy BitcoinIt’s a scary thought at first, but many analysts and professional traders are telling people that now is the time to get even more involved in the market.At first glance, whenever economic strife hits us, the first instinct for most people is to run away and think about...

Despite the recent days of despair in the crypto community because of Bitcoin’s massive plunge, Tyler Winklevoss stays optimistic. The Winklevoss twin believes that Bitcoin’s significance will outperform the current negative sentiment, and it will “emerge stronger than ever.”Winklevoss Still Believes In BitcoinThe coronavirus hit the cryptocurrency market, and in less than a month, the Bitcoin price dropped from over $10,000 to $3,600 on some exchanges. Even though BTC has recovered slightly...