Cryptocurrency Analysis and News Portal
While Bitcoin remains up in 2019, outperforming effectively all other assets except for altcoins and Tesla, market participants have been scared by the recent reversal. In fact, one popular cryptocurrency trader, who called the bearish reversal quite well over the past few days, has warned that the macro BTC bottom might
Read More
The U.S. stock market crashed for a second straight day. The Dow and S&P 500 plummeted more than 3%. CDC officials intensified the sell-off when they called the spread of the coronavirus in the United States inevitable. The Trump administration attempted to bolster stock market confidence by claiming the
Read More
The U.S. stock market has been rallying thanks to massive amounts of liquidity injection from the Federal Reserve. The calm rise in indices has made investors complacent and misprice risk. The Dow Jones witnessed a 1,000 point drop on Monday, and technical data points suggest that it’s just the
Read More
After surging as high as $10,000 on Sunday evening, Bitcoin slumped. The cryptocurrency, which has been subject to extreme volatility over the past two weeks, suddenly plunged from $10,000 to $9,700, then continued to drop to a daily low just below $9,500 just hours later.Despite this rapid reversal, there is
Read More
Gilead Sciences stock was one of just a handful of S&P 500 companies in the green on Monday. Investors are hopeful that remdesivir could be a treatment for the coronavirus GILD’s bounce is just a taste of the upside it could experience if it develops an effective treatment. As
Read More
Dow Jones Industrial Average (DJIA) plunged 800 points overnight in a brutal free-fall. The rapid spread of coronavirus outside China has investors fleeing the stock market. Cebile Capital analysts now see a 25% pullback in stocks. The U.S. stock market looks set for a disastrous open with Dow Jones
Read More
Analysts at Goldman Sachs believe the market may be underestimating the impact of coronavirus on corporate earnings and economic growth. The novel disease has infected nearly 76,000 people, killing 2,130 in the process. Some scientists believe the actual infection rate is much higher. U.S. stocks closed at record highs
Read More
Bitcoin didn’t fare too well on Wednesday. After recovering 8.4% to $10,300 after a 10% retracement to $9,500, bears returned to brutalize bulls. In the span of a few hours time, the price of BTC tanked off a cliff, falling as low as $9,250 on some exchanges, shocking the entire
Read More
Is the price of bitcoin preparing for a massive price rally ahead? Many traders believe so.The optimistic sentiments emerge owing to a potentially bullish factor. The bitcoin’s 50-daily moving average this Tuesday inched above its 200-daily moving average, a pattern known as Golden Cross.Golden Cross formation hints an upside price
Read More
Bitcoin was rejected near the $10,500 area against the US Dollar. BTC could extend its decline as Ethereum and ripple are down more than 10%.Bitcoin price is under pressure below the $10,000 support area against the US Dollar.The bears seem to be in control as the price even failed to
Read More