Markets

Just a few hours ago, Bitcoin’s price plunged from about $8070 down to $7840 in a shattering red candle. Interestingly enough, a massive BTC transaction to Binance took place hours before the dump. 10,000 bitcoins were sent to the exchange, worth more than $80 million.Bitcoin’s Price Below $8,000Bitcoin’s price plunged below $8,000 a few hours ago, going down to as low as $7,840. The decline was quick and definitive in a sudden red candle.At the time of this writing, Bitcoin is trading at...

Bitcoin cash price is struggling to rebound and is trading below $225 against the US Dollar.The price is currently declining and it could slide below the $210 and $205 supports.There is a key bearish trend line forming with resistance near $220 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair must break $220, $225 and $230 to start a fresh increase in the near term.Bitcoin cash price is facing a lot of hurdles near $225 against the US Dollar. If BCH/USD breaks the...

The rivalry between the U.S. and Chinese telecoms giant Huawei continues to escalate beyond borders. But recently, the U.S government was beaten at his own game when Germany snubbed calls from her to hinder the firm in building its national 5G networks over national security issues.The latest development is a big blow to the U.S., which has been persuading its allies to eliminate Huawei from 5G infrastructure, purporting its existence in the network would encourage Chinese surveillance....

Information determines decision-making, but details determine success or failure. That’s the main principle that should be applied to trading and in this article, we will explain to you how it works.JEX was recently acquired by Binance. After Binance’s announcement, JEX’s token rose and fell sharply in just a few days. JEX should be one of the most professional trading platforms for blockchain derivatives and the world’s first digital currency exchange for option trading which was noticed by...

At press time, bitcoin – the number one cryptocurrency by market cap – is back above the $8,000 mark following a nasty scare yesterday that saw it fall into the $7,000 range once again.Bitcoin Is Moving Up AgainMany analysts immediately took to social media and other platforms to explain the reasoning behind bitcoin’s sudden, if short-lived, demise. Jeff Dorman, chief investment officer of the asset management firm Arca, explained:The move lower is less about the magnitude and more about the...

Binance Coin saw a slight increase of around 2.14% over the past 24 hours and it currently trades at $18.50. This price increase follows a 6.62% price rise over the past week. The latest price increase could be attributed to the fact that Binance recently conducted its 9th quarterly burn for BNB. This time, over 2 million BNB was burned which is estimated to be around $36 million. The reduction in supply usually helps to bolster the price, however, the reaction is typically delayed. ...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.ETH/USD tech analysisEthereum 2.0 is being developed actively but the date of the launch is yet unknownECC will issue a token for the ETH blockchainOn W1, the Ethereum demonstrates a new impulse of decline in the long-term trend. The aim of that impulse in the short term might be this year minimum of $80.86, reached, however, only after a pullback. Further decline of the quotations is confirmed by the descending of the MACD...

Bitcoin is currently facing the strongest selling pressure since February. Commentators and analysts think that there is a possibility that it might drop below the recent lows near $7,750. On October 16, BTC price fell below $8,000 in fresh choppy trading after several days of consolidation and slow grind.The top cryptocurrency by market value dropped from $8,326 to $8,086 in an hour to 17:00 UTC on October 15. That confirmed a downside move in the recent trading range of $8,450–$8,250 as...

The online-streaming media powerhouse Netflix has given strong Q3 earnings numbers resulting in its stock price (309,25 USD, +8.02%) shooting northwards on Wednesday, October 16. Beating street expectations, Netflix reported a 31% jump in its year-over-year revenue which is currently at 45.24 billion.Another impressive thing is its GAAP earning stands at $1.47 per share instead of analysts’ expectations of $1.05 per share. When it comes to growth in the subscriber-base, the U.S. figures are...

It is quite challenging to determine whether digital assets should be more like the traditional fiat. However, it appears like they are moving in that direction and this is a considerable step. The crypto data provider CoinMarketCap has now launched a new page. In this page, it publishes interest rates provided by different digital assets. The new data now comes in handy in helping the users compare and select a suitable product.The page, known as “Interest by CoinMarketCap”, launched on...