Markets

On October 23, a severe crypto crash struck leaving Bitcoin hovering around the $7,500 level. Many of the investors said that they never thought this kind of buying opportunity would come again. Now, market leaders believe that the Bitcoin price may slide further before regaining its upward momentum.The fundamentals also have a lot to improve on and if the commentators are right, a further drop may happen before the end of the year. Notably, the latest Bitcoin drop has taken a huge toll on...

The fall of the Bitcoin price to June lows on Wednesday may just be a harbinger of more pain to come for cryptocurrency enthusiasts and hodlers. According to the CEO of crypto merchant bank Galaxy Digital Mike Novogratz, Bitcoin could drop to below $6,500, a level last recorded in May. Bitcoin price in sideways movement with no direction yet Given that the Bitcoin price was at around $8,000 before the midweek drop, this would represent a decline of nearly 20% from Wednesday....

During the testing times for messaging giant Telegram, the investors of Gram tokens have decided to stand behind the company. As per the earlier plan, Telegram was all set to launch its Telegram Open Network (TON) Blockchain along with its native cryptocurrency.Telegram announced that soon after the launch, its investors who participated in Gram token sale year can sell them in open markets. However, in the last-minute restraining order, the U.S. SEC decided not to allow Telegram its Gram...

Financial services and mobile payment company Square has just announced a new investment feature that allows users to make even the smallest investments through its Cash App. According to the San Francisco-based company, people will now be able to invest in the stock market, taking part in full shares trading for as little as $1.Via the Cash App Investing, users will have easy access to fractional investing and buy whatever fraction of any supported shares that $1 dollar (or any desired...

Amazon Inc. stock is getting battered following a downbeat earnings report.The company announced on Thursday its third-quarter net income fell to $2.1 billion on earnings per share of $4.23, which represents a pretty big fall of around 26% year over year and worse than analysts had expected.During the quarter that ended September 30, the company’s revenue rose to $70 billion, up 24% YoY but it also wasn’t enough to meet the previous estimates. At the same time, Amazon reported its cloud...

When it comes to the world of fantasy, we all know that no one cuts it like the guys at Blizzard Entertainment that is so far for now. At their BlizzCon 2019, the much-awaited Diablo 4 is expected to be announced after the free spoiler Diablo Immortal game that was released last year at the BlizzCon 2018. The disappointment indicated by the many fans of Blizzard Entertainment after the game didn’t show up in Google’s Playstore or the iOS store has led many to believe that Blizzard...

The president of the crypto services company, Crypto Capital, has been arrested by authorities in Poland for his alleged involvement in the crime. Ivan Manuel Molina Lee was recently picked up by Polish police under the accusation that he is deeply involved in several illegal activities including being a member of an international drug dealing cartel as well as money laundering accusations which were allegedly done by him using Bitfinex.According to local Polish media platform RMF24, Molina...

Bitcoin cash price declined heavily and traded below the $220 and $211 supports against the US Dollar.The price is currently correcting higher and it is trading above the $211 level.There is a major bearish trend line forming with resistance near $218 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair must break the $218 and $220 resistance levels to continue higher in the near term.Bitcoin cash price is facing a strong resistance near $220 against the US Dollar. If...

The cryptocurrency market entered a modest recovery on Thursday, though bitcoin lagged its altcoin peers following a major technical breakdown earlier in the week. At just over 65%, the bitcoin dominance rate has fallen to its lowest level since July. Crypto Market Update Crypto markets bottomed near $203 billion on Wednesday following a more than $20 billion dump during the prior session. It was the first time since May that markets threatened to fall below $200 billion in...

Well, it looks like bitcoin’s fall to $7,400 yesterday was no fluke. It was reported that the currency was potentially moving back up the financial ladder after its initial drop, though now it seems like it has fallen back into the $7,400 range, and many are wondering if bitcoin has what it takes to gain further momentum.Bitcoin Is in Hot Water All Over AgainThe last month has been extremely difficult for the world’s largest cryptocurrency by market cap. Things initially got ugly in late...