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The Dow extended its recovery on Tuesday after the Trump administration struck a deal with House Speaker Nancy Pelosi to raise the debt ceiling and avert another market-crippling government shutdown. Dow Mounts Triple-Digit Advance All three primary stock market indices bounced during the morning session. The Dow Jones Industrial Average surged more than 100 points […]
The post Dow Rallies 100 Points After Trump and Pelosi Avert Govt Shutdown appeared first on CCN Markets
The Dow prepared to mount an aggressive recovery on Friday after multiple Fed officials appeared to signal the need for an even larger interest rate cut than Wall Street already expects. The index sped toward a substantial gain in the week’s closing session, even after the Fed clarified that at least one set of those […]
The post Dow Aggressively Rallies as Fed Sharpens Its Rate-Cutting Knife appeared first on CCN Markets
As the U.S. and China resume trade talks following the highly anticipated G20 summit, the Dow Jones and the rest of the U.S. equities market have shown strong recovery. In the past 30 days, the Dow Jones has rebounded from 24,819 points to 26,599 points, recording its best June in 81 years. The U.S. has […]
The post Dow Rallies 7.2% in June: Trade Talks Resume, Market Sentiment Surging appeared first on CCN Markets
The Dow bounded toward a positive ending to a choppy week – and a meteoric first half of the year – as Wall Street arrived at an optimistic consensus ahead of a critical G-20 meeting: No matter what, President Trump won’t let the stock market crash. Dow Climbs to Conclude Volatile Week All of Wall […]
The post Dow Rallies Because Trump Won’t Stomach a Stock Market Crash appeared first on CCN Markets
The cryptocurrency market has started the week on a fairly quiet note, with TRON (TRX) leading the top-15 large-cap cryptocurrencies. TRX rallied over 10% on Monday to $ 0.031 before pulling back to $ 0.030698, bringing the coin’s market cap to $ 2.05 billion. This latest move higher… You must be a subscriber to continue reading Members can login […]
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The price of Bitcoin (BTC) increased another 1.6% on Friday, bringing the largest digital currency to $ 4,125 as it approaches 2019 highs… You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to all Premium content. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to exclusive […]
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Cryptocurrency markets have seen fresh gains over the last 48 hours and digital asset trade volume has spiked considerably. On Saturday, March 16, the entire cryptoconomy has a valuation of roughly $ 139 billion and global trade volumes are hovering around $ 33.7 billion.
Also read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright
Decred (DCR), a blockchain platform that leverages a hybrid proof-of-work (PoW) and proof-of stake (PoS) consensus model, became the latest altcoin listed on San Francisco-based crypto exchange OKCoin this week — notably the first direct USD pairing available to U.S. investors. We are excited to announce that we have listed @decredproject on our platform. Deposit and withdraw […]
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The XRP Army can finally rejoice as Coinbase has made the decision to list Ripple’s digital currency (XRP), starting with Coinbase Pro, the exchange’s professional trading platform. When XRP?? Now! XRP/USD, XRP/EUR, and XRP/BTC order books will soon enter transfer-only mode, accepting inbound transfers of XRP in supported regions. Orders cannot be placed or filled. […]
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The latest surge in the crypto market has helped numerous altcoins break out of multi-month downtrends that followed the Christmas market surge near the end of 2019. One such coin, VeChain (VET), a Singapore-based enterprise blockchain platform for financial services and supply chain management, is now up 24% in the last week after breaking out of […]
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The price of Litecoin (LTC) rallied around 30% in early morning trading on Friday after news circulated Thursday that the altcoin is “cooperating” with Beam (BEAM) to explore the implementation of Mimblewimble. Litecoin Foundation and Beam Cooperation Announcement https://t.co/H6SwsiruwV #SovereigntyByDesign #Mimblewimble #Litecoin @SatoshiLite pic.twitter.com/oMfYeOl6TY — @Beamprivacy (@beamprivacy) February 7, 2019 According to the announcement, the Litecoin Foundation approached Beam […]
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The US stock market is taking an uneven path on Thursday morning, with the Dow suffering triple-digit declines while tech stocks rise. The cryptocurrency market is almost universally sour, however, as traders continue to wrestle with that is now the longest-ever bear market for the bitcoin price. Dow Risks Fall Back Below 25,000 The Dow had stomped to a monster 435 point gain on Wednesday as the stock market rode the wave of continued Federal Reserve patience on interest rate hikes, as well as positive earnings reports from major firms including Apple and Boeing. That bullish sentiment did not carry
The Dow Jones Industrial Average is rebounding, but computer trading bots are alerting investors to short everything. Trading Bots Suspicious of Dow Winning Streak According to quantitative investment firm AlphaSimplex, algorithmic trading bots suggest shorting three major asset classes: stocks, currencies, and commodities. “Pretty much any way you run the models, you end up net short
The post As Dow Jones Rallies, Trading Bots Tell Investors to Short Everything appeared first on CCN
The Bitcoin price has surged by six percent on the day to $ 4,070, breaking out of the $ 4,000 mark comfortably for the first time since Christmas Eve. Bitcoin’s strength does not convince many traders of a big short-term bull rally. Could Bitcoin Engage in Bigger Rallies in January? With a 20 percent increase in its
The post Bitcoin Surges 5% in Minutes: Can it Lead to Bigger Rallies This Month? appeared first on CCN
Where other cryptocurrencies hiked over recent days, EOS has been slower most recently, until today. Now EOS price has risen over 8% in the last 24 hours. On December 17, 2018, EOS showed a substantial recovery reaching 35% gains before stabilizing between the December 18 and today. Now EOS is moving again. China’s Global Public
The post EOS Rallies Again as China Rates its Blockchain the Best appeared first on CCN
The Binance Coin token (BNB), which currently entitles users to a 25% discount on exchange fees, has seen some serious trading activity over the past 24 hours, running it up by about 20% to over $ 6.00 before a slight pullback to $ 5.85. There are a number of factors that could be at play. Increased trading
The post Binance Coin Price (BNB) Rallies 20% on Crypto Adoption Push appeared first on CCN
A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero
The post Crushing it: Stellar, Litecoin, Monero, & Zcash Post Major Gains as Crypto Market Rallies appeared first on CCN
Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesn’t mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs
The post Coinbase Bounce: Ethereum Token 0x Rallies 17% after Crypto Exchange Listing appeared first on CCN
The co-founder of two of the six most valuable cryptocurrency tokens is capitalizing on a September rally to ramp-up the speed at which he cashes out of one of those assets: ripple (XRP). Why a Ripple Co-Founder is Cashing Out Jed McCaleb, instrumental in the launch of both Ripple and Stellar — as well as
The post Ripple Expat Jed McCaleb Ramps up Cryptocurrency Sell-Off as XRP Rallies appeared first on CCN
Multinational investment bank Morgan Stanley (MS) is preparing to offer Bitcoin (BTC) swap trading to clients, enabling investors to gain exposure to the world’s largest digital currency without needing to own it. According to sources familiar with the matter, participating traders may choose to go either long or short through the new price return swaps. […]
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