Markets

The Coronavirus outbreak continues to take its toll on the traditional financial markets, especially in China. The Chinese stock markets had returned after a more extended Lunar New Year’s vacation. As expected, the indexes record significant drops, despite a huge $174 billion injection by the local Government.On the other hand, Bitcoin spiked to over $9,600 when the Asian markets opened, noting once again a negative correlation with the traditional markets. However, the primary...

Stellar lumen price is rising steadily and it is trading nicely above $0.0620 against the US Dollar.XLM price is currently facing a short term resistance near $0.0660.There is a major ascending channel forming with support near $0.0625 on the 4-hours chart (data feed via Kraken).The pair could rally significantly once there is a clear break above the $0.0660 resistance area.Stellar lumen price is trading in an uptrend against the US Dollar, similar to bitcoin. XLM is likely to continue higher...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 804. Heute sprechen wir über folgende Themen: Neue Bitcoin (BTC)-Funktion auf Twitter begeistert Krypto-Gemeinde, Wiener “Kultur-Token” startet im Februar & China Coronavirus 174 Milliarden Liquiditätsspritze. 1.) Neue Bitcoin (BTC)-Funktion auf Twitter begeistert Krypto-Gemeinde!https://www.coinkurier.de/eilmeldung-neue-bitcoin-btc-funktion-auf-twitter-begeistert-krypto-gemeinde/ 2.) Österreich: Wiener...

Ripple price is trading nicely in an uptrend above the $0.2425 support area against the US dollar.The price seems to be eyeing a fresh increase above the $0.2600 and $0.2650 levels.There is a major bullish trend line forming with support near $0.2400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to grind higher towards $0.2800 once it gains strength above $0.2600.Ripple price is climbing steadily above $0.2500 against the US Dollar. XRP price remains...

Bitcoin price changed time and again with bull runs or bearish moves occurring after certain news about an economic or political event, government regulations, hacks on crypto exchanges, among others. But let’s take a closer look at each of these scenarios and how the news about these events had impacted the prices of cryptocurrencies.US-Iran Conflict Spikes Bitcoin’s PriceTensions surrounding the US-Iran war influenced the prices of digital assets. Bitcoin, for instance, surged by 5% after...

Many people still don’t think a bitcoin exchange-traded fund (ETF) is possible in 2020.An ETF Probably Still Won’t Happen, Survey Takers SayThe subject of a bitcoin-based ETF has been the cause of much controversy in the United States. The Securities and Exchange Commission (SEC) has been wary of such products and has commented that it doesn’t want to approve one until it has clear and direct evidence that the crypto industry is no longer subject to volatility and the same market manipulation...

Is bitcoin losing its way? According to Bloomberg, the network of bitcoin (BTC) – the world’s biggest cryptocurrency by market cap – is more centralized than ever.Is Bitcoin Becoming the Opposite of What It Was?One of the big problems that we continually see with various cryptocurrency blockchains is that they will often sacrifice security or decentralization for things like speed. While fast transactions are always nice, one needs to wonder if speed is worth it if it means putting people’s...

The Coronavirus has slowed sales of Apple‘s iPhones. Reports indicate that the technology giant decided to shut down its stores in China. This comes as the coronavirus has spread all over China and entered several other countries. Analysts have speculated that this decision amid the coronavirus could lead to a sales slowdown of up to 1 million iPhones. However, this accounts for only around 3% of Apple’s total annual Chinese iPhone sales. Analysts have speculated that this won’t affect the...

Bitcoin is yet too volatile to threaten the existence of cash, and the latter will survive, states a new report conducted by Deutsche bank. Moreover, the report claims that digital assets will help with rebalancing the global economic power.Deutsche Bank had seen better years than in 2019. The German bank had to layoff 18,000 of its employees during recent July as a part of a longer-term reduction plan to cut its workforce to 74,000 by 2022.As of writing these lines, the bank’s market cap is...

At its first policy meeting of 2020, the Federal Reserve didn’t change much. As expected, the Federal Open Market Committee decided not to raise interest rates. The Fed will keep repo operations in overnight money markets going until April.But Fed Chair Jerome Powell did walk somewhat of a tightrope trying to explain what the Fed is doing. The U.S. central bank has expanded its balance sheet by $390 billion since September. But one cryptocurrency has done the opposite.Many market watchers...