Markets

Tron price started a fresh increase from the $0.0670 level against the US Dollar. TRX price is now trading above $0.0680 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0685 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.070 resistance zone. TRON price started a fresh increase above $0.0685 against the US Dollar, outperforming Bitcoin. TRX’s price could rise...

Bitcoin price started a fresh decline from the $30,000 zone against the US Dollar. The price is now trading below $29,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $29,200 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $27,000 and $26,000 levels. Bitcoin price is declining below $29,500 against the US Dollar. BTC might extend losses if it...

Jim Cramer, the host of CNBC’s Mad Money, has once again missed the mark with another one of his predictions for the stock and equity markets. Less than two months after calling the embattled First Republic Bank a “very good bank,” the TV personality has turned around to tell the company’s shareholders that there is nothing for them as US authorities have taken it into receivership. A “Very Good Bank” Turned Sour First Republic Bank was taken over by the Federal Deposit...

Another wave of banking fear swept the markets on Tuesday as stocks for PacWest, Western Alliance, and other financial institutions slid over 20% on the day.  This comes shortly after California financial watchdogs took control of First Republic Bank on Monday, of which 84 branches will reopen under JP Morgan Chase. Another Bank Stock Selloff The California-based PacWest Bancorp (PACW) saw its shares tank from $8.90 at 9:30 am ET on Monday down to just $5.50 by 11:10 am. It...

The banking sector of Africa is worth $86 million at the time of writing, and bitcoin and other cryptocurrencies are expected to disrupt the industry like no other technologies can. Africa Could Be Completely Changed Thanks to Bitcoin Mike Brock – CEO of TBD at Block, a financial company run by Jack Dorsey – says one of the big ways that bitcoin can help Africa is that it can be used to ultimately move money around regardless of the present state of the economy. He...

The leading cryptocurrency exchange Coinbase announced the launch of a Bermuda-based marketplace that will serve non-US institutional users, according to a recent report.  The company has been eyeing other countries to relocate recently due to the regulatory hurdles in America. CEO Brian Armstrong held discussions with the authorities of Britain in April, suggesting that the UK could also become an expansion target for Coinbase. Disappointed in the US  Coinbase – the only...

PEPE is the latest memecoin to hit the market with full force. The cryptocurrency is up over 300% in the past seven days, but its increase is tremendously higher since the time it was launched barely two weeks ago. Following listings on a couple of major exchanges, the community is now speculating whether Binance will be the next to enable trading for PEPE on its platform. PEPE Listed on Centralized Exchanges For those of you who may have, for whatever reasons, missed it –...

Amid lower fossil fuel costs, BP’s profits tanked in comparison to the bumper profits recorded in 2022. On Tuesday, May 2, oil major British Petroleum (BP) reported stronger-than-expected first-quarter (Q1 2023) profits, and rising from the previous quarter i.e. Q4 2022. However, the numbers were down from the exceptional profits that the company recorded during a blockbuster 2022 when fossil fuel prices shot up significantly following Russia’s invasion of Ukraine. BP Q1 2023...

ADA price is showing bearish signs below the $0.412 support zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.3980 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.412 resistance zone. Cardano price is struggling below $0.412 against the US Dollar, similar to Bitcoin. ADA price could...

Ethereum price is gaining bearish momentum below the $1,900 resistance against the US Dollar. ETH price is now trading below $1,920 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,910 on the 4-hour chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,920 resistance zone. Ethereum price is declining below $1,920 against the US Dollar. ETH/USD remains at a risk of...