Cryptocurrency Analysis and News Portal
Highlights:Bitcoin plunges to $3.8K for the first time since April 2019.The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange.The price recovered by $2,000 but left the market in further distress, especially amidst the rising Coronavirus risks on global financial markets.Bitcoin fell to its 10-month
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The Dow Jones crashed 1,000 points from its session high on Tuesday because stock market bulls drunk on rate cuts are finally sobering up. The post The Dow Is Crashing Because Punch-Drunk Bulls Finally Sobered Up appeared first on CCN.com Source
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Gold’s price posted its biggest single-day slide since 2013. The yellow metal bottomed at $1,564.00/oz., wiping out more than two weeks’ worth of gains. The selloff was triggered by fears that coronavirus will impact demand for raw materials as economic growth grinds to a halt. Steep declines in stocks
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The major U.S. indexes plunged on Monday, as wildly overpriced technology shares sold off over fears of a long-overdue recession. The technology-focused Nasdaq Composite Index declined by as much as 4.3%. Global recession risks could lead to a 20% pullback in technology stocks, according to investor Paul Meeks. As
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Virgin Galactic’s stock price has been soaring in recent weeks. The company initially claimed it would be sending tourists to space by summer. But management seems to be backpedaling. Virgin Galactic’s murky financials are cause for concern. Investors should be cautious about the stock. Virgin Galactic (NYSE: SPCE) is
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China’s real estate market is showing signs of collapse as the spread of coronavirus intensifies. Inflation is surging as the disease disrupts businesses and supply chains. A government researcher says the economic impact of coronavirus could shave as much as 1 percentage point from full-year GDP growth. Coronavirus is wreaking havoc on the
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The Bitcoin SV network and the infamous Craig Wright have been publicly scrutinized by two well known individuals. Wikipedia’s Jimmy Wales criticized
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Bitcoin’s outlook went from bullish to extremely bearish real quick. Institutions may be playing a huge role in the current selloff. Miners and retail traders add to the supply of bitcoin in the market. Bitcoin is down over 21% in eight days. It has taken out key support of $7,400. Even worse, it
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The total crypto market cap is down more than $25.0B and it tested the $175.0B support.Bitcoin price is now trading well below the $7,000 level, with a bearish angle.Litecoin (LTC) price is down more than 8% and it even traded below the $45.00 support.BCH price is now trading below the
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