Over the past few hours, Bitcoin has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900. While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000,...Read More
Litecoin trades around the lower boundary of a falling wedge pattern and might find support here. Against Bitcoin, Litecoin continued to lose momentum after facing strong resistance around 0.006375 BTC earlier today and getting rejected. If the price drops below the immediate support, a further decline may develop from this point. LTC/USD: Litecoin Remain Trapped...Read More
Euro Pacific Capital CEO and chief global strategist Peter Schiff warned the coronavirus recession would be worse than the 2008 financial crisis. Furthermore, in a terrifying tweet Wednesday, the US dollar bear and gold bull diagnosed the underlying problem in both crises. He argued the coronavirus pandemic and the crashing housing market were the pins...Read More
By Kevin Britz At Astro Wallet, which was recently acquired by Coinbase, we spent the better part of the last two years researching economic abstraction in various forms. We’d like to share our findings with the greater blockchain industry in the hope that this may serve as a guide to solve many of the UX issues...Read More
The constant expansion of the coronavirus continues to harm the global economic markets. Monday’s severe stock sell-off pushed the UK to cut the interest rates, a week after the US did the same. As a result, Europe stocks are in the green as of writing these lines. Wall Street’s major indexes opened Wednesday’s trading in...Read More
XRP is attempting to recover from this weekend’s market capitulation after a price increase of approximately 7% from this week’s low. The cryptocurrency encountered resistance at $0.22 yesterday and quickly retraced back to the current price of $0.207. Against Bitcoin, XRP also recovered remarkably well as it swings back above 2650 SAT from a closing...Read More
Recently, in search of easy and big profits, to the crypto market have come many new investors who thoughtlessly invested money and manipulated the price of cryptocurrencies, as a result of which this The post The world gold miner tokenizes assets and opens trading on Coinsbit, Simex and P2PB2B exchanges appeared first on AMBCrypto. The...Read More
Among a week old debacle, Yes Bank has some positive news to celebrate. After SBI commented to end the Yes Bank’s 30-day moratorium within a week, the share prices of the bank have seen a huge surge. The shares are up by 30% and are changing hands at Rs 27.35 per share. RBI overtook Yes...Read More
Over the past two days, we saw Bitcoin continued its correlation with Wall Street. After reaching a 2-month low at $7600, and finding support upon the historic trend-line, Bitcoin recovered to $8150, however, just like the Wall Street futures, BTC price lost momentum and now trading roughly around $7800 – $7900. In the bigger picture,...Read More
Despite the slight recovery, Bitcoin remains decisively down on the week, trending far lower since the $9,200 high was established on Saturday. In fact, from the local top, the cryptocurrency has lost 12%, and over 25% since February’s $10,500 top, dramatically underperforming traditional markets in the same time period. Many traders have lost their shirts...Read More
Although the crypto market has posted a slight recovery since Monday’s brutal lows, Bitcoin, XRP, and all other cryptocurrencies remain down dramatically since Saturday’s highs. Case in point: XRP is still trading at $0.21. With this, the cryptocurrency is looking poised to close a weekly candle below crucial horizontal support, potentially marking a further blow...Read More
