Markets

Markets in the Asia Pacific began to recover Tuesday and Dow Jones futures jumped more than 800 points a day after novel coronavirus fears and an oil price war sparked a worldwide panic.After the most disturbing day in newer U.S. market history (since 1991 Gulf War), as of 2:30 am ET Tuesday, futures on the Dow Jones Industrial Average started growing by 794 points, indicating an opening jump 839 points on Tuesday. S&P 500 futures and Nasdaq 100 futures also pointed to a higher open for...

While Facebook (FB) stock is experiencing not the best times, the company takes contingent plans for the future by adding two female board members.Facebook Inc (NASDAQ: FB) stock fell 6.40% on Monday drastically ending the hopes of recovering any time soon. The stock traded below $170 for the first time since the calendar flipped, and retested September 2019 strong support level. However, it did not respect the level as it has continued to show signs of falling further in the near future. The...

Virgin Galactic (SPCE) stock does not differ from other tech shares in yielding to the influence of negative events. It lost 10.29% on Monday. At the same time Musk worries that SpaceX won’t fo to Mars before he dies.Following the beginning of the oil price war, crypto and stock markets have started a downward movement. Bitcoin and other cryptos’ prices rapidly dropped, the market capitalization also tanked. Stocks of tech companies have suffered as well. We have already reported on Tesla Inc...

The coronavirus outbreak has pushed some world central banks to quarantine physical cash bills. The World Health Organization (WHO) encourages the adoption of contactless payments. As such, it raises a legitimate question – could cryptocurrencies seize this opportunity to receive a larger market share for online payments?Caution On Physical BillsThe COVID-19 (coronavirus) outbreak continues to escalate. The number of confirmed cases worldwide exceeds 110,000. The serious effects on people’s...

Tron price remained in a bearish zone below the $0.0180 pivot level against the US Dollar.TRX price traded as low as $0.0141 and it is currently correcting higher.There is a key bearish trend line forming with resistance near $0.0175 on the 4-hours chart (data feed via Bitfinex).The price could correct a few points, but it is likely to struggle near $0.0164 and $0.0175 in the near term.TRON price is trading in a major downtrend against the US Dollar, similar to bitcoin. TRX price is likely to...

Ethereum price declined heavily below the key $220 support area against the US Dollar.ETH price tested the $190 area and it is currently consolidating losses below $205.There is a short term contracting triangle forming with resistance near $204 on the 4-hours chart (data feed from Coinbase).The price is likely to facing a lot of hurdles on the upside near the $211 and $220 levels in the near term.Ethereum price is now trading in a bearish zone against the US Dollar. ETH/USD could correct...

Shares of Tesla (TSLA) were down 12.01% at the opening today as the oil price war between OPEC and Russia alongside deepening coronavirus anxiety in the U.S. rattled investors.Tesla Inc (NASDAQ: TSLA) stock has fallen drastically today by 12.01% retesting February’s low and support at the same time. Tesla stock market received a hard blow after OPEC and the Russians failed to come into a common agreement on the crude oil prices amidst the decline in global demand that has been as a result of...

Making money with cryptocurrency may sound scary at first, however, there are some convenient ways in which one can profit from the cryptocurrency boom. The cryptocurrency market is hitting a new high, more and more people want to invest in it and make the most of the price movement. That said, not everyone successfully ends up doing that. From overnight millionaires’ success stories to painful tales of the ridiculously high amount of tax owed, this market is a place where fortunes can be...

Calling the coronavirus pandemic as an “unprecedented moment”, Apple boss Tim Cook asked employees to work remotely. The virus outbreak has sent tremors all across Wall Street. Trading on U.S. exchange closed for 15 minutes on Monday market opening.As the fears of coronavirus continue to aggravate further, markets continue to make new lows. Even giants like Apple Inc (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) are feeling the heat of this pandemic. Today, both APPL and MSFT stocks...

Bitcoin – the number one cryptocurrency by market cap – has taken another ugly fall at the time of writing, and many are blaming Coinbase CEO Brian Armstrong and his latest string of comments.BTC Takes a Nosedive Thanks to Brian ArmstrongAt press time, bitcoin is trading for just over $8,300, meaning it has lost another $600 over the past 24 hours. Armstrong is now saying that it probably won’t be bitcoin that pushes the cryptocurrency arena forward, but rather a list of emerging altcoins...