Markets

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...

Confirmed coronavirus cases continue to grow globally. The Saudi Arabia Kingdom launched an unexpected oil price war against former ally Russia.As a result, the traditional financial markets are plummeting severely. At the same time, Bitcoin showcases a positive correlation with them and drops below $8,000 – for the first time since January 2020.The 2020 Oil Price WarThe coronavirus outbreak hit all financial markets and sectors. Oil is no exception. In an attempt to artificially inflate the...

Aramco shares fell below its IPO price level for the first time on Sunday. Other Saudi stock markets like Tadawul, Abu Dhabi Index, also fell caused by the OPEC-Russia deal gone sour on Friday.Shares of the Saudi Arabian Oil Company, Aramco, fell below its initial public offering (IPO) on Sunday. During the IPO listing back in December, the shares were sold at 32 riyals, whereby on Sunday by 12:30 p.m they were trading at 30.90 riyals ($8.24). This reciprocated to a 6.36% fall, a negative...

Ripple price declined heavily below the key $0.2240 support area against the US dollar.The price is down more than 10% and it is now trading near the $0.2000 support area.There was a break below a major ascending channel with support near $0.2350 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains at a risk of more losses if it fails to stay above the $0.2000 support area.Ripple price is now back in a bearish zone below $0.2200 against the US Dollar. XRP price...

Brent crude has plunged nearly 31%, dropping to $31.02 per barrel with the year-to-date crude price dropping by 50%. The U.S. benchmark commodity is witnessing its worst day in almost the last three decades since January 17, 1991.Last Friday, the OPEC and non-OPEC allies failed to reach a consensus on cutting down oil production to control oil price. Well, the tremors of these decisions are clearly visible in the global oil market.In the early trading session on Monday, oil prices crashed 30%...

Ireland, Switzerland and Austria generate most of the coronavirus related requests in Europe. They want to know how coronavirus impacts Bitcoin price. The situation looks like both Bitcoin and coronavirus turn out to be risky, yet very profitable investment bet.Per Google Trends, people across the planet are in the search for ‘coronavirus bitcoin’. They show more concerns over the virus’s influence on local areas.Specifically, Canada, Singapore, Germany, and Australia are beating the charts...

Looking for the next stock in the market which can ensure a better retirement for you? Ignore Tesla (TSLA) stock at your own risk!With a solid performance over the last two quarters, Tesla has sent shivers to its competitors in the automobile industry. In just the last six months, Tesla Inc (NASDAQ: TSLA) stock has jumped over 200% making it the second-largest global automobile after Toyota Motor Corp (TYO: 7203). And probably it could be a good reason to buy Tesla (TSLA) stock these days.The...

Finland-based cryptocurrency exchange Local Bitcoins has hit a heavy snag.Local Bitcoin Is Reporting Seriously Low TradingAs we all know, bitcoin – the world’s number one cryptocurrency by market cap – has suddenly decided to shoot up following news that India was removing its crypto ban and that South Korea was implementing new legislation that could potentially bring bitcoin and its altcoin cousins to the mainstream.However, Local Bitcoins doesn’t appear to be benefiting from this news. In...