Markets

Over the past days, following a decent start to the new decade, we had seen Bitcoin correcting nicely and healthily into the 38.2% Fibonacci level at $8300.Immediately after that, Bitcoin fired its engines and in just three consecutive days, the primary cryptocurrency had gained over $1200 (!), which is more than 15% to its value.Surprisingly, the altcoins are not crashing. Thus, we can conclude that new money is getting into the market and not changing hands, from Altcoins to Bitcoin and...

Today Bitcoin price has reached the levels over $9,150. The coin moved within a strong bull trend and reached an intraday high of $9,164.Bitcoin managed to stay in the green zone, despite correction from a recent high on the level of $9,149. The market value fluctuates at a $9,128 level. After an increase of around 2% per day, Bitcoin’s prevailing daily trend is slightly bullish, while volatility levels suggest that further action will be prone to decline.Over the past few days, the bulls...

The global financial market is currently having a terrible time because of the coronavirus. Because there is no control of the virus just yet, the consequent uncertainty is having a terrible effect on the stock market and the global business sector. Yesterday, Coinspeaker reported a crash in global stock markets, specifically with futures on the Dow Jones, Nasdaq, and the S&P 500. A recent eToro note, however, shows that things might be a bit worse.Highlighting Coronavirus Effects on...

Dubai Multi Commodities Centre (DMCC), a Dubai government-backed entity has teamed up with Switzerland’s Crypto Valley Venture Capital to establish a cryptocurrency valley in the free zone of the country where there are no personal, corporate or withholding taxes,  according to reports revealed on January 27, 2020.Cryptocurrency continues to gain more grounds in the digital world. The United Arab Emirates (UAE) is set to witness a massive development and a new Dubai Bitcoin exchange is a...

Today, Cardano went up by 13.74% gains as buyers continue to show interest.The biggest gainer on market cap targets $0.064 in the near term.Cardano’s bullish sentiment is still moderate against Bitcoin, awaiting a clear break.ADA/USD: Cardano is Poised For More Gains After Surging To $0.042The latest surge in the price of ADA could be traced to the Cardano foundation’s partnership with PwC, a Big Four auditing firm. This collaboration came through as a way of preparing and promoting Cardano...

Dutch multinational conglomerate Philips is planning to review its portfolio as per the latest reports. On Tuesday, Bloomberg reported that Philips is considering the sale of its Home Appliance Unit Royal Philips NV.This domestic appliances division of Philips registered $2.6 billion sales last year selling coffee machines, air purifiers and air fryers. While reviewing its future options, Philips said that carving out this business from its portfolio will take another 12-18 months.Philips CEO...

The crypto landscape is drastically changing around the world – especially in Singapore where global cryptocurrency firms have been given the opportunity, through new payment legislation to expand the horizons of their operations to the country by obtaining operational licenses to function therein.This legislation, The Payment Service Act which becomes effective by Tuesday, is the first of its kind in the list of comprehensive regulations, regarding the activities of companies involved in the...

The spread of the coronavirus in China has really shaken the world. On Tuesday, January 28, the Chinese authorities said that the coronavirus outbreak has infected over 4000 individuals with over 100 deaths registered.Moreover, the global markets have already reacted to this alarming situation as we saw global stock plunging on Monday. At this time, Bitcoin and other cryptocurrencies are showing upward movement. The Bitcoin price surged nearly 5% today climbing above $9000 levels.At press...

MacKenzie Bezos, the ex-wife of Amazon founder Jeff Bezos, has sold $400 million worth of the Amazon stock. The news has come from a filing that Jeff Bezos made with the Securities and Exchange Commission.According to the filing, Jeff Bezos retains sole voting authority over MacKenzie Bezos’ stake that stands at nearly 19.5 million Amazon shares. Notably, it is 200,000 fewer shares than MacKenzie received of their divorce. Those 200,000 shares are worth about $400 million at the current...

Tron price started a fresh increase from the $0.0158 and $0.0160 support levels against the US Dollar.TRX price is now trading nicely above the $0.0165 resistance level.There was a break above a key bearish trend line with resistance near $0.0168 on the 4-hours chart (data feed via Bitfinex).The bulls seem to be in control and they are likely eyeing a break towards the $0.0200 resistance.TRON price is trading in a decent uptrend above $0.0160 against the US Dollar, similar to bitcoin. TRX...