Cryptocurrency Analysis and News Portal
It’s not a secret that Bitcoin hasn’t done well over the past few days and weeks; since the weekend’s $9,200 peak, the cryptocurrency has lost nearly 18%, and since the $10,600 peak in February, BTC has shed over 25%. In the process of this brutal move, hundreds of millions worth
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Ethereum (ETH) price has continued to fall after a dreadful weekend, which saw the price drop to around $198, wiping out last week’s gains. The cryptocurrency is currently trading slightly above the $200 support level and faces a nervy week in which it could drop as low as $170. Ethereum Drops
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The VIX volatility index, the stock market's main risk indicator, skyrocketed to 55 on March 9. This is the highest level since 2009. Meanwhile, Saudi Arabia’s talks with OPEC member Russia soured, triggering a price cut competition. This led Brent Crude, the international oil benchmark to trade at $36.20,
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If the Coronavirus epidemic and Saudi Arabia oil price war continue to spread and hurt global market growth, Bitcoin could fall by as much as 20 percent in an hour.That is according to Alex Krüger, a prominent market analyst who cast doubts over bitcoin’s ability to serve as an insurance
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The crypto market hasn’t fared too well over the past day or two. After peaking at $9,200 in a dramatic fashion, Bitcoin retraced under $8,200 on Sunday, catching many traders off guard, as they were expecting the leading cryptocurrency to continue higher.Though, a prominent analyst, Jacob Canfield, recently shed light
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The stock market rallied Wednesday, the second trading session this week to interrupt the frantic selloff that begin mid-February. But that doesn’t mean the selloff is over. A legendary economist and global strategist says this is exactly what happened in the 2008-09 bear market. In fact, bear markets are
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It goes without saying that Bitcoin’s price action over the past few weeks has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows.Unfortunately, the cryptocurrency is likely to retest $8,400 once
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Nouriel Roubini, who predicted the 2008 crash correctly, claims global equities could take a 40% hit because of the coronavirus outbreak. Dow Jones jumped over 5% on Monday, but such volatility is indicative of a bear market rally. Roubini’s prediction may prove correct as rate cuts will fail to
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Stanphyl Capital says Tesla is the ‘biggest single stock bubble’ and may go to zero. The firm has been betting against Tesla since 2014 and lost more than $1 million shorting the stock. Despite a slump last week, Tesla stock remains up more than 50% year-to-date. Tesla (TSLA) perma-bear
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The Dow Jones Industrial Index rebounded by more than 2% Monday. Many investors might be tempted to buy more stocks, thinking the rebound will continue. In most cases, they should wait to see the full economic impact of the coronavirus. The Dow Jones Industrial Index (DJIA) fell 12.4% last
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