Tag Archives: News

S&P 500 and Nasdaq reached an all-time high supported by the stability of the U.S. economy and assurances from Chinese authorities to help businesses affected by the coronavirus outbreak.The S&P 500 and Nasdaq rose on Wednesday to trade ATHs after positive comments by the Federal Reserve which encouraged investors. The investors in the stock markets were encouraged by the Chinese authorities who said they will assist the coronavirus stricken business to recover.This is after...

The cryptocurrency market is all red, with huge candles hitting Bitcoin price charts. Other assets are falling amid the expectations of unlimited growth too.The total market capitalization shows a massive drop to $278 billion. Ethereum and XRP have lost two percent more in price than Bitcoin did.  It’s a pity that, till these days, we have the trouble of oversized expectations of traders. Every time Bitcoin breaks through some psychological level, people start weird $100,000 predictions. But...

The moderating growth of Facebook (FB) stock is a result of various scandals around the social media company. The biggest problem that brings worries is privacy.Lately, social media giant Facebook has been performing sluggishly. The evidence of that is Facebook (NASDAQ: FB) stock that yesterday got stuck. After showing slow growth, it stopped at $217.49.Facebook launched back in 2004 but went public in 2012. Since then, the company has returned almost 450% for its early investors. The...

While you might have been caught by the Tesla bug with its massive TSLA stock surge in the market, you might have missed Virgin Galactic’s meteoric rise on Wall Street. The SPCE stock has surged over 200% as of Wednesday closing.With the wild stock market rise, Wall Street investors are riding high on optimism at the moment. Tesla (NASDAQ: TSLA) has indeed been the star performer in the market with its price skyrocketing over $900 on February 19.Amidst a strong Q4 2019 performance, Tesla...

EOS price failed to stay above $5.000 and declined heavily below $4.400 against the US Dollar.The price even dipped below the $4.000 support area and tested the $3.650 level.There was a break below an ascending channel or a bearish flag with support near $4.400 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could struggle to recover above $4.200 and $4.400 in the near term.EOS price is showing signs of more weakness below $4.000 against the US Dollar, similar to...

Litecoin price started a sharp decline from the $80.00 resistance area against the US Dollar.LTC price broke the $75.00 support area to move into a short term bearish zone.There is a key bearish trend line forming with resistance near $75.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could accelerate its losses if it breaks the $67.50 and $65.00 support levels.Litecoin price is showing bearish signs against the US Dollar, similar to bitcoin. LTC price could...

Optimism over Tesla’s growing solar business has added more fuel taking the TSLA stock price above $900 billion. Some experts expect Tesla’s solar business to generate $165 billion in annual revenues in a few years from now.There’s seems to be no stopping to the Tesla bull-run these days! On Wednesday, February 19, the Tesla (TSLA) stock price surged a whopping around 7% in its biggest single-day-jump in the last two weeks.Tesla (TSLA) Stock Price MovementsDuring the day closing, the Tesla...

It’s one thing to say that bitcoin and crypto in general are doing well, but crypto-based companies? That could be an entirely different story, and Mike Novogratz may be proof of that.Mike Novogratz Is Laying Off Staff MembersNovogratz is famous for building Galaxy Digital, a commercial crypto bank. It was announced that the company has laid off about 13 individual workers – approximately 15 percent of its total employees – back in January, though at press time, it doesn’t look like these...

Samsung, the South Korean conglomerate and maker of smartphones, is becoming one of the biggest cryptocurrency and bitcoin supporters throughout the globe.Samsung Is Doing a Big Thing for CryptoThe company – which at press time, accounts for nearly 20 percent of the world’s total smartphone sales – has begun releasing its new 5G smartphones which provide blockchain and bitcoin support for users. Each phone comes equipped with a digital wallet that owners can utilize should they ever decide to...

Visa payment processor adds Coinbase, one of the leading cryptocurrency exchanges, to its large list of friends. Can it be viewed as a good sign for law-abiding cryptocurrency business?This is a huge accomplishment for the cryptocurrency industry and a boost towards adoption. Per the official announcement by Coinbase, they have received a membership status from Visa. This is a step towards wider recognition of crypto businesses as the clean ones. At the same time, Coinbase customers will have...