Cryptocurrency Analysis and News Portal
There is an old saying in China: “Building the road is the first step to becoming rich.” Asian countries use infrastructure to boost the economy, and China is probably the most aggressive one — its annual average infrastructure spending is one of the highest at 8.3% of its gross domestic
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Bitcoin, gold, and global stocks fell in sync after a jump in virus cases moved investors to the safety of cash.The sentiment helped the U.S. dollar index recover its losses by another 0.11 percent, bringing its total upside rebound to 1.43 percent.Sebastien Galy, a strategist at Nordea Asset Management, noted
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Bitcoin failed to recover above the $9,500 resistance and declined sharply against the US Dollar. BTC price is now trading below key supports, suggesting more downsides towards $8,200 or $8,000.Bitcoin is down more than 4% and it is now trading well below the $9,000 level.The price traded as low as
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Ethereum is trading in a contracting range below the $175 resistance against the US Dollar. ETH price seems to be setting up for the next move either above $200 or towards $152.Ethereum is facing a strong resistance near the $172 and $175 levels.The 100 hourly simple moving average at $165
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Bitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800.Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar.The bears are slowly taking control
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Global stock markets plummeted with crude oil at the open of trade on Sunday. Dow Futures fell 800 points before bouncing to around a 600 point loss. The Dow Jones faces another wild week as the coronavirus appears to be spreading rapidly outside of China, and Trump officials change
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Ethereum started a strong recovery from the $208 swing low against the US Dollar. However, ETH price is likely to fail near $240 and it could resume its decline.Ethereum is up more than 8% and it climbed above the $230 level against the US Dollar.The price is still facing a
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Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000.Bitcoin started a major decline below the $9,500 and $9,350 support levels against the US Dollar.The price is approaching
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Over the past several years, many entities have submitted proposals for regulated Bitcoin (BTC) exchange-traded funds, or ETFs in the United States. So far, the Securities and Exchange Commission, or SEC, has not approved any official Bitcoin ETF product for the mainstream public.What is an ETF and what is
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U.S. stock market futures fell after Bernie Sanders nomination odds moved above 50% for the first time. Sanders was buoyed by the fact that Mike Bloomberg had a historically bad night, as his odds plummeted after an attack from Elizabeth Warren. Dow bulls were quick to buy the dip,
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