Markets

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...

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Bitcoin, which is the largest digital asset by market capitalization, settled past the price level at $8,600 after a pullback to a price level of $8,217 on January 24.At the hour of composing, the Bitcoin price was trending on the level at $8,712 mainly unaltered from the start of the day.The digital asset market on Monday showed a trend in the bullish bias triangle. The Saturday bears did not lead to much movement, and several altcoins moved away from support levels and attempted recovery....

Recently, the UK fintech startup Currencycloud ran a series E funding round. Among the participants were Sapphire Ventures, Notion Capital, Anthemis, Accomplice, and Google’s venture wing GV. All of them supported Currencycloud earlier. Besides, the startup boasted it had attracted new investors. Visa, World Bank arm International Finance Corporation, BNP Paribas, Siam Commercial Bank and former Softbank spinoff SBI Group joined the round and invested as much as $80 million.The round has...

Stellar lumen price is gaining bullish momentum above the $0.0550 resistance against the US Dollar.XLM price is likely sighting an important bullish above the $0.0600 resistance area.There is a key bearish trend line forming with resistance near $0.0592 on the 4-hours chart (data feed via Kraken).The pair start a strong rise once it settles above the $0.0595 and $0.0600 resistance levels.Stellar lumen price is showing many bullish signs against the US Dollar, similar to bitcoin. XLM is likely...

A quick update following yesterday’s analysis. As we mentioned here yesterday on the previous analysis – Bitcoin price’s recent correction down to $8200 was healthy (so far).Added to the above, is the fact that Bitcoin had found support precisely on the lower trend-line of the ascending channel, marked on the following 4-hour’s chart.Over the past 24 hours, we had seen Bitcoin gaining momentum to break above the mentioned $8400 – $8450 resistance, and quickly surging back to the $8600 support...

Ripple price found support near the $0.2140 area and recently recovered nicely against the US dollar.The price seems to back in a positive zone above the $0.2200 resistance area.There was a break above a major bearish trend line with resistance near $0.2230 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue higher towards the $0.2440 and $0.2500 resistance levels in the near term.Ripple price is showing positive signs above $0.2200 against the...

Ripple, the company that actively uses the world’s third-largest cryptocurrency XRP in its solutions, is having big plans ahead this year in 2020. In the latest development, Ripple said that it plans to launch its XRP-based cross-border payments systems to global markets.In the newly released XRP Market Report, Ripple said that plans to bring XRP-based international payments to companies and individuals alike. Furthermore, the blockchain startup explained that XRP provides real-time gross...