Markets

As it was predicted by market analysts last week, the coronavirus epidemic plunged stocks in mainland China as markets reopened. The markets had remained closed because the government extended the Lunar New Year Holiday in efforts to curb the spread of the outbreak. Before now, the world was already feeling the effects of the spread. Several financial markets had plunged and now, China has joined the plunge.Coronavirus Crashes Stocks in ChinaOn Monday, stocks generally crashed by at least 7%....

Most of the cryptos grew on Monday amid terrible trading in Asia. After the extended Chinese New Year shutdown, mainland markets finally opened for trading. However, it was not going as it was expected.Bitcoin price was rising as well. However, at the time of writing, it was falling 0.43% to $9,347.Major stock markets in the Asia-Pacific region tumbled by the most since an equity bubble burst in 2015. They resumed trading Monday, in the first opportunity for many investors in China to react...

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...