Markets

Stellar lumen price traded to a new monthly low at $0.0525 against the US Dollar.XLM price is currently correcting higher, but it is facing a strong resistance near $0.0620.There was a break above a connecting bearish trend line at $0.0592 on the 4-hours chart (data feed via Kraken).The pair is currently consolidating and it might struggle to climb above $0.0620 and $0.0650.Stellar lumen price is trading in a bearish zone below $0.0650 against the US Dollar. XLM price remains at a risk of...

Ripple price is currently consolidating below the key $0.2500 resistance area against the US dollar.The price must settle above $0.2500 and $0.2600 to start a fresh upward move.There is a major bearish trend line forming with resistance near $0.2420 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could resume its decline if it continues to struggle near $0.2500 and $0.2600.Ripple price is facing a strong resistance near $0.2500 against the US Dollar. XRP price...

Even though it’s world known fact that Apple products are “made in USA” but assembled in China – it didn’t stop US President Donald Trump to impose sanctions to Chinese companies (every and each one of them) including the 34% year-on-year growth and 14% of market share company – Huawei.The year 2019 has not been a good one for Huawei. Everything started with the US accusations of Huawei spying on US corporations. Trump administration then decided to launch a “one-two punch” combo in its fight...

This week was pretty severe when talking about tariffs the US imposed on Chinese goods lifting it every day more and more. When talking about US-China trade war, it’s important to stress out that this is something that started happening already back in the 80’s. However, since Donald Trump is sitting in the White House, the situation is slowly getting out of control – but really.We can all understand that one’s statesman policy can be about buying more local products, tightening import,...

After creating another leg down that marked another new low since this bear move started, Bitcoin showing signs of recovery.Despite the above, Bitcoin is currently getting close to its real major test, which is the 200-days moving average line (marked light green on the following daily chart). That line is considered, by many, the ultimate barometer of the market.If the price is traded above – then the bulls are in control of the market and vice versa. On April 2nd, 2019, Bitcoin made a huge...

The bitcoin price (BTC) fell by more than 23 percent against the U.S. dollar in the past week, triggering a fierce correction in the cryptocurrency market. Since falling to $7,700, the bitcoin price has recovered to $8,200, critically avoiding a steep drop to the low $7,000 region to test low-level supports in the short term. The bitcoin price (BTC) has historically risen after CME bitcoin futures expiration, which could trigger a cryptocurrency market recovery. | Source: Luke MartinLuke...

Amid a volatile week for bitcoin, Fundstrat’s Tom Lee has come out urging against anyone considering trading BTC in the foreseeable future. Tuesday marked a three-month low for bitcoin as a 17% freefall weakened underlying support significantly, leading BTC to breach well into $8,000 territory. As if to pour salt in the wound, yesterday saw another critical level of support cave in, as BTC fell into the $7,000 region. BTC’s three-month low following this week’s dreary performance. | Source:...

While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next year, China’s own digital currency is much closer to its launch. The anticipation for the Chinese digital currency has now had some measurable effect on fintech companies in the country as their stocks seem to be swelling impressively.According to a Reuters report, the China Securities Index Co. (CSI) fintech theme index – an index that follows the major financial...

The initial public offering (IPO) for Peloton Interactive Inc., was launched yesterday with the hopes that the offering will bring much-needed growth to the company which has consistently been recording losses for a while. As we reported yesterday, Peloton announced that it will be offering 40 million shares of its Class A common stock on the Nasdaq, priced at $29 each, in an effort to raise about $1.2 billion. However, Peloton (PTON) investors ended the day disappointed as trading didn’t at...

Libra Association Managing Director Bertrand Perez said on Friday that the Facebook’s cryptocurrency Libra, that should be launched by a Geneva-based association next year, is not intended to replace existing currencies. He said:“We are not in the area of implementing any monetary policy with the (Libra) Reserve.”This confirms what Libra’s CEO David Marcus was speaking back in July at the hearings when he kept stressing that Libra is not an investment and it doesn’t want to conquer the...