By CCN Markets: The impending Donald Trump-Xi Jinping meeting in Japan promises to be the blockbuster event of the summer, at least so far as the stock market is concerned. As equities teeter on the cliff’s edge, investors must grapple with multiple possible outcomes when the market opens on Monday. Both the bullish and bearish scenarios could be equally dramatic for the Dow Jones and S&P 500. Here are five factors to consider as Trump and Xi gear up for their trade war parley. 1. Wall Street Betrays Rabid Desire to Pump Stock Market Higher One of the most extraordinary
The bitcoin price has broken $ 8,000 for the first time since July 2018, with most cryptocurrencies trading in the green. The rally has sent “bitcoin” to the top of the Baidu hot searches (China’s equivalent of Google Trends) as of May 14, 2019.
As of press time, bitcoin is trading at around $ 8,135, up over 15 percent over the past 24 hours and nearly 40 percent in the week. While no one is sure why bitcoin has skyrocketed, many believe there are several factors driving the surge.
In the past week, Ethereum, the second most valuable cryptocurrency in the global market, has experienced a strong upward movement, recording an additional three percent increase in value on the day. Within seven days, the Ethereum price has increased from $ 117 to $ 159, by over 35 percent against the U.S. dollar, making it one of
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Since December 16, within one week, the Ethereum price surged from $ 83 to $ 138, by just over 66 percent. Throughout the past week, Ethereum (ETH) has seen a record-high number of shorts on major cryptocurrency trading platforms in the likes of BitMEX and Bitfinex. As the price of Ethereum surged amidst a strong corrective rally
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SFOX, an institutional crypto trading platform, recently released a comprehensive, data-packed analysis on the possible causes of the volatility in the cryptocurrency space over the month of November.
The report, which SFOX released on their website, covers a large amount of raw data, looking at factors such as price fluctuation on a day-to-day basis and trading volume. With the data, SFOX presents arguments on the overall volatility of various prominent cryptocurrencies, and their methodology includes the volatility of the S&P 500 and gold for comparison.
Throughout the past 24 hours, the crypto market has slightly rebounded by around $ 3 billion, from $ 123 billion to $ 125 billion. Bitcoin (BTC) has avoided a potential decline to the low region of $ 3,600, as it stabilized at around $ 3,850. It reached its daily low at $ 3,800 but rebounded by a small margin. Other major
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Chris Burniske, a Placeholder Management partner, said that the US stock market retracement, sell-off of Ethereum, and the Bitcoin Cash hard fork were the three major factors behind the recent crypto wipeout. In the past seven days, more than $ 65 billion has been deleted from the cryptocurrency market as every major cryptocurrency including Bitcoin (BTC),
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After Thursday’s range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates.
Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) have declined by 12 to 13 percent over the past 24 hours, as Bitcoin recorded a sudden dip in price from $ 6,600 to $ 6,250. Subsequent to demonstrating a rapid sell-off, the Bitcoin price recorded a 4 percent drop within a 30-minute period, recording one of its steepest
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Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent
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Ethereum (ETH) has been the face of negative news and criticism over the past few weeks as investors have lost their mind over the weakness in price that we all witnessed recently. As the second largest coin in terms of market cap, when Ethereum (ETH) moves, the whole altcoin market moves with it. Investors holding on to their Bitcoin (BTC) since $ 20,000 think it’s pretty bad but ask an Ethereum (ETH) Investor that bought at $ 1,500 per coin how bad it can really get!
Social media intelligence firm Singularex has revealed insights into the initial coin offering (ICO) market by researching 100 factors that have been influencing 1200 ICOs from 2015 to Q1 2018. The firm narrowed down on four crucial aspects that influence the number of funds raised and lots of surprising dependences that any ICO investor and issuer
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VeChain, a China-based Internet of Things (IoT)-focused crypto, has surged by more than 50 percent in value within the past 24 hours. Analysts have attributed the increase in the price of VeChain to the successful series of partnerships the team has been able to secure since earlier this year and the improving momentum of tokens
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The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments.
What Doesn’t Kill Bitcoin Makes It Stronger
The recent spate of crypto exchange hacks, ongoing regulatory issues, and reports of an investigation into possible price manipulation have sent the price of Bitcoin – and nearly every other cryptocurrency – tumbling. Despite these setbacks, the growing consensus is that, given Bitcoin’s inherent resiliency, developments taking place in both technical and financial arenas will enable Bitcoin’s value to retake its ascending trajectory with even greater intensity.