Cryptocurrency Analysis and News Portal
Bitcoin broke through $9,500 Thursday and those short sellers betting on lower prices got liquidated by some crypto derivatives exchanges. That also helped push the world’s oldest cryptocurrency higher. As of 20:50 UTC (4:50 p.m. ET), bitcoin (BTC) was trading at $9,447, up 2.9% over the previous 24 hours. Trading seems
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Pending home sales fell 21.8% in April and 33.8% annually, recording their biggest plunge ever. This may be as bad as it gets for the U.S. housing market. One economist has already upgraded his full-year forecasts for residential real estate prices and sales. Housing market bulls braced for a
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Institutional investors are taking up massive short positions in the S&P 500 Index, a sign that the latest relief rally is unsustainable, according to Bank of America. The S&P 500 Index closed above 3,000 on Wednesday for the first time since early March. Despite Bank of America’s bearish call,
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Total crypto market cap lost $9 billion of its value since Monday morning and now stands at $255.5 billion. Top ten coins are all in green for the last 24 hours with Bitcoin (BTC) and Litecoin (LTC) being the best performers with 3.5 and 2.5 percent of gains respectively. At
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Economic growth, jobs, and spending are slowing down, posing a threat to the U.S. stock market. Economists warn a -4% economic growth rate in 2020, down from -0.2% in March. Fear of missing out (FOMO) is leading the ongoing rally, but gloomy data shows it may be short-lived. Three
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Cryptocurrencies are truly global in nature, and anyone anywhere with an internet connection and a wallet can make transactions without any external intervention. The second most populous country, India is one of the fastest-growing crypto markets with a huge potential waiting to be tapped. Recognizing the importance and an opportunity
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The price of bitcoin (BTC) shot above $9,100 Wednesday in high-volume buying at around 10:00 UTC (6 a.m. ET) thanks to traders feeling optimistic about the crypto markets. As of 20:40 UTC (4:40 p.m. ET), bitcoin was trading at $9,162, gaining 3.5% over the previous 24 hours. Trading seems to support a
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The Dow has jumped 35% since March 23, fueled by investors’ optimism. Pay cuts are a big threat to the stock market rally. With less money in their pockets, Americans will spend less, further delaying the recovery. The U.S stock market has rallied since March 23, after plunging more
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After gaining as much as 1.5%, the S&P 500 Index turned negative Wednesday morning. The technology-heavy Nasdaq Composite Index plunged 2%. FAANG stocks are down across the board. U.S. stocks turned negative Wednesday morning, weighed down by plunging technology shares and negative virus headlines. S&P 500, Nasdaq Decline; Dow
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A crucial housing market statistic has surged 54% in six weeks after bottoming out in early April. Mortgage applications for home purchases, a proxy for homebuyer demand, have achieved a V-shaped recovery. Economists say the strength in the housing market could help support the broader economy. The U.S. economy
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