Markets

Dow Jones has lost over 1,880 points due to a row of factors including Saudi’s oil price slash as well as the coronavirus that is quickly spreading. More bleeding is expected.All over the world, markets have been feeling terrible effects of the coronavirus COVID-19 outbreak. In recent times, the epidemic has caused stocks to plunge considerably, with a lot of companies seriously bleeding. Projections for the coronavirus have been quite pessimistic with forecasts that things will get worse....

Advertisement Bitcoin’s price bottomed at $7,689.00 on Monday, its lowest since early January. In the process, the digital currency gave up all of its yearly gains and is down over 25% from its February peak. Bitcoin is nosediving along with global equity markets, proving once again that it’s not a safe-haven. As global equity markets crashed on Monday, bitcoin had the opportunity to prove it was the digital safe haven its proponents have always claimed it to be. The complete opposite...

James Anderson, a major investor in Tesla Inc. said the company is better run after independent directors were appointed to supervise Elon Musk. But today TSLA stock is in red.Today Tesla Inc (NASDAQ: TSLA) stock is down more than 10%. At the moment of writing, it is trading at $631.27.James Anderson, head of global equities for Baillie Gifford, one of Tesla Inc’s biggest institutional investor, said TSLA stock is now considered a “better run”. The company had its legal problems after it...

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...