Tag Archives: s&p 500

Bitcoin lost a serious chunk of its Dollar value this week. Down about 12% over the past seven days, the cryptocurrency is currently trading at around $8,700. It’s essential to see where it goes from here. From above, there’s the 200-days moving average at $8,800, which has now turned to resistance. Bitcoin hasn’t closed a day below the 200MA since January 27th this year, and it’s entirely possible for today to be the first day. This would probably spell trouble for the bulls.All of this...

Ethereum creator Vitalik Buterin shared his thoughts regarding Bitcoin price mocements. He claims the Stock to Flow model doesn’t work for Bitcoin or any other crypto asset.Vitalik Buterin says that you shouldn’t make financial decisions solely after reading the news. The classic Stock to Flow (S2F) model is not working with Bitcoin. Major news announcements, as well as world disasters such as coronavirus, do not affect the crypto market. Buterin says that there are 95% of the articles on the...

With AMZN stock down 4%, the e-commerce is facing competition from Walmart that is working on a new service Walmart+ to surpass Amazon Prime. As coronavirus reaches for more countries outside China, tech companies are suffering stock collapse. This week, Apple Inc (NASDAQ: AAPL), Exxon Mobil Corporation (NYSE: XOM) and Intel Corporation (NASDAQ: INTC) plunged 6% each. AMN Healthcare Services Inc (NYSE: AMN) and Nvidia Corporation (NASDAQ: NVDA) dropped 7.3% and 5.6% respectively. Further,...

Fear over the spread of the coronavirus tightened its grip on global stock markets. The indexes clearly reflect the situation. In the premarket Dow Futures lost over 600 points.The massive coronavirus-induced sell-off on Wall Street continued in premarket trade on Friday with the Dow Futures dropping over 600 points.Treasury yields continued to slide with the yield on the 10-year note falling below 1.20%. Meanwhile, oil prices declined for the sixth consecutive session.After losing nearly...

The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history.Global Markets Continue To TumbleGlobal financial markets continue to suffer as the prices for the major indexes doesn’t seem to stop going down. Right off the bat, the S&P 500 is down 4.42% in yesterday’s trading...

On Thursday, Moderna (MRNA) stock was on a wild ride. Just in a few hours, it skyrocketed, continuing its previous growth, then halted, and fell. Now in the pre-market, it has started to gain again.Again revisiting the situation on the market which is currently so volatile that it seems impossible to keep track of all rapid changes taking place. A prime example of chaos in the stock market is Moderna Inc (NASDAQ: MRNA). On Thursday, just in a few hours, Moderna (MRNA) stock skyrocketed,...

The global markets have been bleeding for the fourth straight day in a row after the U.S. Health officials warned against a possible coronavirus outbreak. In just four days the S&P 500 has crashed over 10% registering its fastest crash to date. Dow has lost 1000 points.Things are clearly not looking good for the global markets as threats of a global coronavirus outbreak intensifies. On Thursday, the Dow Jones dropped 4.5% over 1000 points dragging down several bluechip stocks as well!On...

It has become known over $190 million worth of Bitcoin long and short positions were liquidated on well-known derivatives exchange BitMEX.Bitcoin price dropped to $8,593. This development occurred yesterday. Sources indicated that the cryptocurrency markets lost big time. $190 million in Bitcoin was reportedly liquidated on the BitMEX exchange.Bitcoin Liquidation on BitMEXThese assets were formerly in the form of derivatives before their liquidation. They were also a combination of long and...

Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the necessary steps to contain its spread.President Trump Attempts To Relieve MarketsIn a press conference given February 26th, US President Donald...

Dow Futures dropped 400 after a report of the first coronavirus case in Northern California, of unknown origin. The drop has come even after Donald Trump gave assurances to the investors that the virus is under control and there is no call for alarm.The Dow Futures dropped 400 points in the early hours of trading on Thursday, and it’s indicating a further drop after the first coronavirus case of unknown origin was reported in the U.S. Northern California. The CDC confirmed it does not have a...