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Bitcoin’s impressive parabolic run may have come to its conclusion. On July 11, we warned investors that the No. 1 cryptocurrency would falter to $ 9,000 as it flailed overheated signals. At the time, bitcoin was bouncing and market participants were expecting a new 2019 high as the market threatened to breach resistance of $ 12,000. However, […]
The post Bitcoin Could Shed 20% & Drop to $ 7,400 Because Bulls Look Exhausted appeared first on CCN Markets
President Donald Trump tweeted a blistering takedown of cryptocurrencies like bitcoin and Libra Thursday. But the savage Trump roast on Twitter might be great for bitcoin. It may even boost the bitcoin price to a new all time high. That’s Fundstrat Global Advisors Head of Research Tom Lee’s prediction. In an interview on Yahoo Finance, […]
The post Trump’s Crypto Roast Could Supercharge Bitcoin Price to $ 40,000, Predicts Analyst appeared first on CCN Markets
Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Just this week, Chinese police busted a gang of Bitcoin miners that […]
The post China's Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally appeared first on CCN Markets
Bitcoin’s parabolic ascent looks unstoppable. Recently, every correction has been seen as an opportunity to buy heavily on dips. This week, the number one cryptocurrency is up by as much as 15 percent and it looks like bulls are gunning for the 2019 high of $ 13,868.44. The atmosphere is so bullish that CryptoTwitter is starting […]
The post Warning! Bitcoin Could Spiral to $ 9,000 with Flailing Overheated Indicators appeared first on CCN Markets
A cargo ship headed for northern Europe was seized in Philadelphia by U.S. law enforcement last month, apparently tipped off to the fact that the ship was carrying 20 tons of cocaine. JPMorgan is involved. A PR Black Eye for JPMorgan The owner of the ship is the Switzerland-based Mediterranean Shipping Company. Yet, in a […]
The post JPMorgan Could Have Avoided the Billion-Dollar Cocaine Ship Fiasco appeared first on CCN Markets
The deputy governor of Japan’s central bank predicts a large user base for Libra and warns Facebook to comply with money laundering and risk management regulations. Libra’s ‘enormous’ user base According to Bank of Japan Deputy Governor Masayoshi Amamiya, Libra could have a high user base in the future. Facebook has to act responsibly, […]
The post BOJ’s Amamiya: Facebook’s Libra User Base Could Be ‘Enormous’ appeared first on CCN Markets
The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private […]
The post Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan appeared first on CCN Markets
The US markets will remain closed on Thursday while Americans celebrate the Fourth of July Independence Day holiday, ensuring that the Dow Jones Industrial Average and other major stock indices will enjoy the new all-time highs they set on July 3 for at least one more day. However, when Wall Street returns to action […]
The post Dow Jones: Trade War Fireworks Could Trigger Fourth of July Hangover appeared first on CCN Markets
White House Trade Adviser Peter Navarro told CNBC that the Dow Jones Industrial Average could hit 30,000 if a couple of factors come to pass. He said: “The two things that really have to happen in the short run to get us Dow 30,000, and above are going to be passing the U.S., Mexico and […]
The post Trump Trade Adviser Says Two Catalysts Could Send the Dow to 30,000 appeared first on CCN Markets
IMF Managing Director Christine Lagarde has reportedly been nominated to head up the European Central Bank, and this could be great for cryptocurrency. The banker has previously spoken positively about blockchain and cryptocurrency, saying that it’s time for the world to get serious about the technology. Christine Lagarde has been nominated as candidate to replace […]
The post Mario Draghi’s ECB Successor Could Usher in Crypto-Friendly Europe appeared first on CCN Markets
In its latest report entitled “Five Facts on Fintech,” the International Monetary Fund (IMF) said that based on its research, countries generally foresee the emergence of crypto assets backed by central banks. The study, which surveyed central banks, finance ministries, and other government agencies in 189 countries, explicitly stated that central bank-backed crypto assets are […]
The post IMF Says Central Bank-Backed Crypto ‘Could Become Reality’ appeared first on CCN Markets
Bitcoin’s jaw-dropping run over the last few weeks has made many people euphoric. Some are starting to predict that the leading cryptocurrency will hit $ 60,000 in this bull cycle. Claims like this often signal that a local top is in. If that’s the case, those who took profits at current levels might move their capital […]
The post Ethereum Could Soar to $ 900, Predicts Popular Elliott Wave Trader appeared first on CCN Markets
Stock prices follow earnings growth. The stock market reflects earnings expectations. That’s why analysts are concerned that the Q3 earnings forecast for the S&P 500 is for a decline of 0.3 percent, according to Factset data cited in CNBC. Declining earnings imply declining stock prices. Earnings Growth Going the Wrong Way Because Q2 earnings for the stock market are coming in negative – and Q1 did also at -2.3 percent – there is growing concern about the stock market’s valuation. That’s with good reason. The stock market is presently the second most expensive in history and overdue for a big
According to Business Korea, hundreds of minor crypto exchanges in South Korea could run smack into heightened scrutiny for failing to abide by proposed enhanced know-your-customer (KYC) regulations, which would require exchanges to only provide services to users with “real-name accounts” issued by local financial institutions. Earlier this month, the Financial Action Task Force, an intergovernmental organization under the G7, proposed guidelines that encourage all crypto exchanges to share customer data. Although industry executives and experts have indicated that the ruling of the FATF is highly impractical and may be counterproductive, many countries in the G7 and the G20 –
By CCN Markets: The Dow Jones has fared surprisingly well this year despite simmering US-China trade tensions, gaining nearly 15% heading into the final week of June. The stock market’s latest rally puts it on track to record its best June since 1938. But the enormous stock market rally faces a new threat – the Trump administration’s decision to increase sanctions on Iran. Brian Hook, the US special representative to Iran, told CNBC in an interview: “We are going to increase our sanctions on Iran and continue our foreign policy.” A bad omen for the Dow The stock market is
By CCN Markets: Many large-cap cryptos such as Litecoin and Ethereum have soared in the last few weeks. While these cryptocurrencies have been enjoying substantial gains, others, including NEO, have not fared as well. It appears that we are not the only ones noticing how the coin dubbed the “Chinese Ethereum” has fallen behind its peers. On June 13, a pseudonymous Twitter account named Trading Room tweeted how NEO “is the biggest laggard among frontline coins.” The Twitter post mentioned three critical factors about the cryptocurrency: NEO/BTC is preparing for a big leg up soon The expectation that NEO/USDT will print
By CCN Markets: After Elon Musk announced that he was cracking the whip on Tesla employees to hit unrealistic quarterly delivery targets, a document leak suggests that target will not be met, according to Business Insider. This comes as a surprise to nobody. Overpromising and Under-Delivering, as Usual After boasting that Tesla would deliver 90,000 cars in the quarter, Elon Musk has backed himself into a corner. The master of overpromising and under-delivering can’t shut up. Business Insider reports that, according to documents it has viewed, things are looking bad: “According to documents that describe the daily output rate for
By CCN Markets: With all of the crypto attention currently centered on Facebook’s Libra cryptocurrency, bitcoin could be gearing up for its best run to date. Fundstrat Co-Founder Thomas Lee believes that it is headed much higher in the near future, predicting that a fear-of-missing-out, or FOMO, will catapult the bitcoin price to $ 40,000 sooner than later. According to a Bloomberg report, Fundstrat’s latest report suggests that a higher bitcoin price is being supported by “market transparency and integrity.” In turn, a rising BTC price is expected to fuel gains in the Grayscale Bitcoin Trust (GBTC), which “tracks bitcoin’s market
By CCN Markets: Beyond Meat stock tumbled 4% in today’s pre-market trading following the announcement of a new competitor – Tyson Foods. The poultry powerhouse is set to enter the meatless arena later this summer, beginning with a plant-based “chicken” nugget. Beyond Meat investors pulled it together. The stock price is already back in the green for the day. Tyson Foods Is a Powerful Foe Previously an investor in Beyond Meat, Tyson Foods sold its stake in April just before the company went public. The investor-investee relationship between the two took a turn for the worse once Tyson decided to create
Despite disdain from much of the existing crypto community, excitement and anticipation are starting to build around Facebook’s (FB) payment platform as the company plans to unveil its cryptocurrency later this month. According to a Wednesday report in The Information, Facebook is planning to present its new stablecoin, “Globalcoin,” and its whitepaper during a June 18 announcement […]
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