Markets

Ethereum price is rising again from the key $160 support area against the US Dollar.ETH price is currently trading above the $165 and $170 resistance levels.There was a break above a major bearish trend line with resistance near $160 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher towards the $178 and $185 resistance levels in the near term.Ethereum price is showing a lot of positive signs above $165 against the US Dollar. ETH/USD bulls are likely aiming...

Bitcoin’s price comes within a hair of $9,000 en route to its highest level in over a week. Bitcoin’s correlation to gold flips positive, according to Bloomberg. Fears of a coronavirus pandemic put a damper on stocks and other risk assets. Bitcoin launched toward $9,000 on Monday, as the spread of coronavirus forced investors to cut ties to riskier assets like stocks. While bitcoin is still considered a risky investment, it’s once again behaving like gold, according...

The stock market is famous for its volatility. While companies operating in one industry are on the rise, businesses in other spheres are suffering drops in prices. Currently, the world is obsessed with the rapidly spreading coronavirus that initially appeared in China. And obviously, it could not just pass by the pharmaceutical industry and such companies like Johnson & Johnson, producer of medical devices and pharmaceutical goods. Johnson & Johnson stock has seen growth last week....

As January draws to a close, the market is seriously anticipating the release of earnings reports from Apple and Facebook. Both companies, two of the world’s largest tech companies that make up the popular FAANG stocks, had a really great year in 2019. Before Wednesday when the last of these reports will be published, let’s take a look at their journey so far and what is expected.FAANG Stocks to AnticipateWhile the name comprises 5 different companies including Facebook, Apple, Amazon,...

Bitcoin’s price surged 6% in 48 hours from the $8250 handle to above $8770. The price movements come as the coronavirus continues to spread in China. The Wuhan virus epidemic continues to plague throughout the country and abroad. Medical authorities confirmed a fifth case of the SARS-like virus in the United States. Much broader markets like the U.S. equities have been affected by coronavirus fears. It’s quite likely Bitcoin is getting caught up in the turbulence.China’s Coronavirus Keeps...

Well, here’s some good news for all the bitcoin hodlers. It looks like the world’s number one cryptocurrency by market cap is back on track and is trading at $8,500.Bitcoin Is Coming BackThis is a $200 price increase over the past 24 hours. After several spells of the old gloom and doom meandering through the space (what with Lunar New Year in China and what have you), it seems like all the soothsayers are licking their wounds a bit and hiding out in a cave somewhere before they say anything...

The initial public offering (IPO) market for 2020 is widely-anticipated in the finance industry. This is because more than a few companies last year, expressed intentions to go public sometime this year. While last year was a somewhat disappointing year for IPOs, 2020 is expected to be better. Top of the list is the GE Healthcare IPO and that of Airbnb as well.GE Healthcare IPO 2020American multinational healthcare manufacturing conglomerate GE Healthcare will go for an IPO this year. The...

BCH is one of the biggest gainers over the last 24 hours..Bitcoin Cash is following bullish sentiment across its trading pairs.Sellers are waiting to scalp gains from potential pullbacks.BCH/USD: BCH Bounced Back After Major Corrections, Poised For More GainsKey Support Levels: $423, $500Key Resistance Levels: $310, $275Since the entire crypto market recovered from the eight days correction, Bitcoin Cash has seen about a 13% increase, touching $375 on the day. As one of the biggest gainers in...

One of the most concerning and substantial pieces of news early in 2020 came from China. The country saw the outbreak of a new coronavirus in mid-January in the Chinese city of Wuhan.Supposedly originating in a local food market in the city, the virus now spreads over a broader territory while the number of diseased has grown to upwards of 3,000. In a bid to contain the deadly virus, Chinese authorities moved to lock down three cities with a combined population of more than 18 million...

The stock market is already reacting to the spread of the deadly coronavirus. So far, futures on the Dow Jones, Nasdaq as well as the S&P 500 have all plunged as the coronavirus continues to spread even outside of China. The general atmosphere in the stock market is a little bothersome for many investors. Authorities in China and other countries have yet to find a solution to the problem.Coronavirus Hits the Stock MarketThe Dow Jones futures plunged by about 1.6% while futures on the...