Markets

As Bitcoin is ranked among the top hot topics by Weibo in China, analysts think the popularity will catalyze its market price to $40, 0000. However, BTC dominance is down in the $300B crypto market.Bitcoin popularity has spiked in the last few days especially in mainland China, where a popular social media platform, Weibo, ranked it among the top most searched topics in China. The popularity spike is attributed to social disruption caused by the coronavirus outbreak that has ravaged the...

Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted that FinCEN is working on introducing several new requirements to counter possible illegal financial activities.FinCEN To Apply New RequirementsYesterday, the U.S. Senate held a hearing to cover the 2012 budget. While addressing many different financial issues, the discussion also touched on cryptocurrencies and their role in the U.S. market.The...

EOS price is surging higher and it broke the $5.000 resistance level against the US Dollar.The price traded to a new 2020 high at $5.517 and it is currently consolidating gains.There is a major bullish trend line forming with support near $5.100 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to continue higher towards the $6.000 and $6.500 resistance levels.EOS price is gaining bullish momentum above the $5.000 resistance against the US Dollar, similar...

Litecoin price is climbing higher and it recently climbed above the $80.00 resistance against the US Dollar.LTC price traded to a new 2020 high at $84.51 and it currently consolidating gains.There was a break above a major ascending channel with resistance near $80.70 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above the $85.00 and $88.00 resistance levels in the near term.Litecoin price is gaining momentum above $80.00 against the...

Back in the parabolic bull run in 2017, more often than not, a random cryptocurrency would skyrocket and increase by a staggering percentage. In a lot of the cases, however, this was based more on pump and dump schemes rather than on actual fundamental or technical indicators.Over the past couple of days, Futurocoin, which presents itself as “the most innovative cryptocurrency,” soared with an astronomical amount, perhaps signaling that the days of 2017 are back.FuturoCoin (FTO) Up 10,000% In...

The growing U.S. workforce and retirement of the boomers will force the Fed to double its balance sheet. The expansion of the Fed’s balance sheet will lead to low or even negative yields. These conditions will drive investors to seek assets that are scarce and bitcoin is the number one candidate. By now, it’s no longer a secret that the Federal Reserve is responsible for pushing the stock market into all-time highs. The Fed continues to pump billions into the...

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, EOS and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The market of digital assets keeps growing confidently. Once again, we can see the main coins test the resistance levels, however, the bears have yet failed to...

Bitcoin is on a roll, today. The currency has rebounded from its recent drop to surge by roughly $500. At the time of writing, it is trading for over $10,300, marking a new high for the year.Bitcoin Has Set a 2020 RecordThe asset has undergone a period of hardcore change since 2020 began. It initially began the year trading at a measly $6,900, the lowest it had been in approximately one month. From there, it rose by $400 to reach $7,300 following political tensions between the United States...

Samsung has just unveiled its new Galaxy S20 phone family. Now the company is on a course to snatch the mobile market from competitors through attractive partnerships with Netflix and Xbox.Samsung Electronics Co., for many years now, has been in heavy competition with Apple in the mobile phone market. Both companies seem to go head-to-head with their products every year and are also being constantly pitched against each other by consumers. Now, it would seem that more than ever, Samsung is...

Facebook CEO Mark Zuckerberg Facebook is going to come to Europe with an official visit this month. At the same time, FB stock is experiencing not the best period.Facebook (FB) stock continued to trade lower on Tuesday closing at $207.15 from the previous monthly high of $224. At the time of writing, the price was around $210. This comes as Chief Executive Mark Zuckerberg is preparing for visiting Europe to meet with EU officials in the course of the month.Facebook Stock Price Movements:...