Markets

In the pre-market today, SPCE stock is up 6%, trading close to $60. Virgin Galactic shares are expected to grow further and reach new levels. On Friday, Virgin Galactic Holdings Inc (NYSE: SPCE) stock surged 11.5% in the pre-market after the Federal Aviation Administration granted approval for Virgin to fly paying customers into space. It’s the first such approval granted by the FAA, which follows a successful test flight by Virgin Galactic in May this year. Performance data shows that...

Stellar lumen price extended its decline and it even tested $0.2000 against the US Dollar. XLM price is now trading near $0.2600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.2600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a major increase if it surpasses $0.2600 and $0.2700. Stellar lumen price is facing hurdles near $0.2600 and $0.2700 against the US Dollar, similar to...

Ripple price is attempting a recovery above $0.6400 against the US dollar. The price is facing resistance near $0.6500 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.6500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above the $0.6500 resistance zone. Ripple price is slowly recovering above $0.6200 against the US Dollar....

After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during the past several weekends, Saturday didn’t start well for the primary cryptocurrency. After the highly volatile week, BTC began to gradually lose value...

If Bitcoin’s fall from $62,000 to the perilous $30,000 mark seems scary, then buckle up: Some analysts believe it could get even worse… And if conditions remain the same, that is very likely to be the case. The sharp drop from $60,000, the arrival of the infamous death cross, the bad news coming out of China, and the lack of institutional appetite seem to be acting together to maintain a bearish mood in the markets and laying the groundwork for a brutal, cold crypto winter....

Not too long ago, bitcoin fell below the $30,000 mark and was trading for about $29.5K. The world’s number one digital currency by market cap was in a position that caused many people to feel extreme panic and talks of a crypto winter were once again meandering throughout the space. Bitcoin Is Bouncing Back and Analysts Say They Weren’t Worried However, the price appears to have rebounded somewhat, and bitcoin is back up to about $34,000. This is a near $5,000 price jump...

Elvira Nabiullina – the Chief of Russia’s Central Bank – sounded a note of caution for investors to beware of the risks in the crypto market. She opined that digital assets are very volatile and warned investors to be wary of ”appalling” losses. Do Not Get Involved in Crypto The head of the Russian Central Bank, Elvira Nabiullina, shared her stance on whether people should enter the crypto market. In an interview with the local newspaper Komsomolskaya Pravda, she surmised...

Vocal Bitcoin bull Meltem Demirors believes that the ongoing crypto decline is just an ordinary correction, which would wipe out investors with ”paper hands.” She reminded that the primary digital asset has always been volatile and assured that it is ”here to stay.” ‘You Can’t Have a Number Go Up Forever.’ The current situation in the cryptocurrency space doesn’t look bright, from a short-term perspective. The dollar value of the largest digital asset by market capitalization...

A survey conducted by the American multinational investment bank JPMorgan Chase & Co. revealed that most big investors do not find the crypto market appealing as only 10% of the participants asserted they trade digital assets. Moreover, 30% of the people agreed with Warren Buffett’s opinion that BTC is a ”rat poison.” The American Institutional Investors Stay Away from Crypto JPMorgan Chase & Co. surveyed around 3,000 US investors from more than 1,500 institutions....

Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a tradition for BTC to head south when the weekend starts. The cryptocurrency was actually looking healthy yesterday after it had recovered from the...