Last week was some of the darkest hours of global financial markets. Affected by the COVID-19 epidemic and oil price war, global stock markets, crude oil price, gold price and futures markets dived successively. While people were eager to seek robust investment targets and found that Bitcoin might be the last sort of safe-haven asset,…
DetailsBitcoin is currently rising and showing positive signs from the $4,350 swing low against the US Dollar. BTC price is likely to accelerate higher towards $6,000 if it settles above the 100 hourly SMA. Bitcoin is recovering nicely from the $4,350 and $4,500 support levels against the US Dollar. It is back above the $5,000…
DetailsRipple is trading nicely above the $0.1200 and $0.1300 support levels against the US Dollar. XRP price seems to be preparing for the next key break above the $0.1600 resistance area. Ripple price is currently recovering from the $0.1279 weekly low against the US dollar. It is trading above the $0.1400 resistance area, but it…
DetailsEthereum is currently holding the key $100 support zone against the US Dollar. ETH price is slowly recovering and it seems to be eyeing a crucial upside break above $126 and $130. Ethereum is slowly recovering from the $100 support area against the US Dollar. It is trading above the $110 level, but facing a…
DetailsThe global economy is currently under tremendous pressure, thanks to the fast-spreading COVID-19 pandemic, the OPEC fueled oil price war, global stock markets shock and more. The widespread issues have driven global stock markets, futures, and crude oil prices to the ground and spread into the cryptocurrency market as well. Considered the best alternative and…
DetailsAs a boy, my father urged me to look more into people’s actions rather than their words. In that regard, most artists are much more right-wing than left, even if they mostly present themselves as the opposite. Traditionally, the left is about the collective and the right about the individual. Being an artist is a…
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Crypto derivatives provider Bakkt raised $300 million in its latest financing round even as its core portfolio asset bitcoin suffered huge losses amidst the Coronavirus-led sell-off. According to the announcement, penned by Bakkt’s CEO Mike Blandina, Intercontinental Exchange, PayU, Microsoft’s M12, Goldfinch Partners, Boston Consulting Group, Pantera Capital, and CMT Digital all contributed to the series…
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Last week, the cryptocurrency market valuation was cut in half in less than 48 hours, wiping out over $100 billion value. The catastrophic collapse, however, could be the final shakeout before “moon,” according to one crypto analyst who bases the theory on the fall acting as a retest of downtrend line support – support that…
DetailsBitcoin recently experienced a historic single-day drop, taking the cryptocurrency from $7,500 to under $4,000 in less than 48 hours. The first-ever cryptocurrency is now trading below the cost required by miners to produce each Bitcoin. Now that miners are better off buying BTC outright, what could this mean for the strength of the underlying…
DetailsBitcoin has once again found itself caught within the throes of an immense selloff, with the benchmark cryptocurrency plummeting below $5,000 earlier this morning in tandem with the decline seen by the U.S. stock market. This overtly bearish decline appears to have led to the formation of a new trading range, with some traders noting…
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