Markets

The bearish scenario is likely to end shortly at 7-weeks rising trend line on the 4-hours chartAfter facing rejection at the 7-month high, LINK/USD fell and started downward correctionLink loses momentum after witnessing a low trading volumeLINK/USD: Chainlink Flaunted Short-Term Reversal With Double-Top Pattern, Nearing Key Rebound LevelKey Resistance Levels: $3.8 $4.4, $4.8Key Support Levels: $3.3, $3, $2.8LINK/USD. Source: TradingViewSince Chainlink turned away at the 7-month high of...

The U.S. markets show a significant drop on Monday morning due to the coronavirus fears and uncertainty. People rush to sell the coins, experts now expect Bitcoin price to go below 9,000.The Dow index, as well as top stocks, S&P 500 and Bitcoin price, have all started losing as coronavirus is conquering new territories. Even more, value vanishes since the virus reaches Italy: one of the world’s biggest travel and trading mecca. The COVID-19 also visits Iran, South Korea, Bahrain, Kuwait...

Popular American venture capital investor, Tim Draper, recently said that he has been out of the traditional markets for the past six months.Instead, he has most of his investment portfolio allocated in Bitcoin as he believes its price will reach $250,000 by early 2023.Bitcoin At $250,000Draper has been quite optimistic regarding the future of the largest digital asset previously as well. Yesterday, in an interview for CNBC’s “Squawk Alley,” he reaffirmed his previous bold prediction for the...

Coronavirus is actively affecting the stock markets and Apple (AAPL) stock is not an exception. Yesterday, the stock lost around 4.8%. In teh pre-market, AAPL has started to gain.Apple Inc. (NASDAQ: AAPL) stock was down 4.8% at yesterday’s closing. This is indicative of many things. Analysts reportedly have many opinions about this recent drop. Some believe that the Cupertino California giant’s China sales which have dipped are the main reason. Others believe that this may be the end of the...

The U.S. state of Wyoming is leading the way in blockchain and cryptocurrency adoption in the country with a new cryptocurrency-native bank. A former Wall Street veteran, Caitlin Long, announced the Avanti Bank, saying that it will be active in early 2021.The First U.S. Crypto-Friendly BankLong, who previously helped the state of Wyoming to implement 13 blockchain laws, made the announcement yesterday. In a series of tweets, she introduced the Avanti Bank – “a new U.S. bank to serve [the]...

As a result of coronavirus fears, Tesla (TSLA) stock is hit hard, while other companies are also suffering. Three major stock indexes have plunged.After a sustainable growth, Tesla Inc. (NASDAQ: TSLA) stock plunged more than 7% on Monday. Closing down 7.5%, the company’s shares ended the day at $833.79. Tesla stock is hit hard as a result of the sell-off driven by coronavirus fears. However, it’s worth mentioning that after hours the price is moving up. Now the TSLA price is around $854...

As part of a massive market crash on Monday, Big Tech companies ended up losing billions-of-dollars of investors’ wealth. Apple is the most-affected Big Tech company from the Coronavirus outbreak as it largely depends on China for its manufacturing.On Monday, financial markets in the U.S. and across the globe plunged heavily on account of rising coronavirus cases outside China. The fall in the broader markets came after South Korea and Italy reported a sudden splurge in coronavirus cases on...

Tron price failed to stay above the $0.0215 support and declined against the US Dollar.TRX price is now trading well below $0.0210 and it remains at a risk of more losses.There is a key declining channel forming with resistance near $0.0208 on the 4-hours chart (data feed via Bitfinex).The price could either rally above $0.0208 or decline sharply below $0.0192 in the near term.TRON price is facing an increase in selling pressure against the US Dollar, similar to bitcoin. TRX price must stay...

And the volatility continues: The past three weeks for Bitcoin’s price were very volatile. While the coin reached its new year’s high at $10,500, the fluctuations to both sides refuse to calm down over the past days.On our recent Bitcoin price analysis, we mentioned that Bitcoin was surging $300 intraday (towards the $10,000) and that this, in high chance, also could turn into a temp correction before discovering new lows.Unfortunately to the bulls, and following the massive global markets...

Ethereum price struggled to clear the $280 resistance and declined recently against the US Dollar.ETH price is declining and it is now trading below the $270 support area.There was a break below a major contracting triangle with support near $265 on the 4-hours chart (data feed from Coinbase).The price is likely to continue lower towards the $243 support level in the near term.Ethereum price is showing a few bearish signs below the $270 support against the US Dollar. ETH/USD could slide in...