Day: March 4, 2020

Dow Futures Surge As Biden Crushes Bernie Sanders On Super Tuesday

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Dow Futures are rallying as Bernie Sanders hopes of appearing on a Presidential ballot are collapsing. Joe Biden had an incredible “Super Tuesday” performing strongly across the board. Sanders had been viewed as a major risk to the Dow Jones should he be the Democratic nominee. Dow Futures rallied more than 300 points overnight as Joe Biden staged an incredible comeback on Super Tuesday. Once the front runner for the nomination, anti-Wall Street Bernie Sanders odds of securing the nomination have cratered in what is a positive development for the…

How The Fed Cut Triggered A Bullish Bitcoin Reversal Overnight

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Bitcoin is trading in a positive zone against the US Dollar, especially after the fed interest rate cut . BTC price is likely to continue higher above the $8,900 and $9,000 resistance levels in the near term. Bitcoin is likely to gain traction after the recent breakout attempt against the US Dollar. The price is trading nicely above the $8,680 and $8,700 support levels. There is a key bullish breakout pattern forming with resistance near $8,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…

Facebook Changing Course on Libra, Offering More Inclusive Wallet

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Facebook may be considering modifying its plan for the 2020 release of the cryptocurrency Libra.  When the social media giant introduced Libra last year, it did so claiming the cryptocurrency would be a simple global currency with the power to transform the global economy. Regulators quickly took notice, and found the company had to offer more questions than answers as to what the digital currency would be. Though Libra is still going forward, Facebook will now offer government-issued currencies like dollars and euros to support its own token. The move…

Technicals Point Towards Ripple (XRP) Recovery To $0.25 Despite Some Roadblocks

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Ripple is trading nicely above the $0.2320 support area against the US Dollar. XRP price broke a technical pattern, suggesting a decent increase towards $0.2400 and $0.2500 in the near term. Ripple price tested the $0.2300 support level and it is currently rising against the US dollar. The price is back above the $0.2320 pivot level and trading with a positive bias. There was a break above a key bullish flag pattern with resistance near $0.2345 on the hourly chart of the XRP/USD pair (data source from Kraken). The price…

Ethereum Poised For a Fresh Rally Based On This Bullish Market Structure

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Ethereum is showing positive signs above $225 against the US Dollar. ETH price is likely forming a bullish breakout pattern and it could soon rally above $235-$238. Ethereum is forming a nice bullish formation above the $220 support area against the US Dollar. The price is likely to surge above $230 and $235 to start a fresh rally in the near term. There is a contracting triangle forming with resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also likely to start a…

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

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The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments. The average hashing power on bitcoin (BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 percent from where it stagnated for a month beginning Jan. 28, according to data from PoolIn, which, along side with F2pool, are currently the two largest bitcoin mining pools. Data from BTC.com further estimates bitcoin’s…

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

boss

The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments. The average hashing power on bitcoin (BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 percent from where it stagnated for a month beginning Jan. 28, according to data from PoolIn, which, along side with F2pool, are currently the two largest bitcoin mining pools. Data from BTC.com further estimates bitcoin’s…

This Metric is Up 940% Since Bitcoin’s $20,000 High, and That’s Huge for Bulls

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Over the past few weeks, investors have begun to doubt the veracity of the assertion that “Bitcoin is on the verge of its next bull run.” While there are reasons to believe this is the case, an analyst has asserted that per one key metric, BTC has “never been more bullish.” Bitcoin Hash Rate Continues to Rip Higher The past few weeks have undoubtedly been weak for the cryptocurrency market; the price of BTC has collapsed from the $10,500 high to a price as low as $8,400 established just this…

This Metric is Up 940% Since Bitcoin’s $20,000 High, and That’s Huge for Bulls

boss

Over the past few weeks, investors have begun to doubt the veracity of the assertion that “Bitcoin is on the verge of its next bull run.” While there are reasons to believe this is the case, an analyst has asserted that per one key metric, BTC has “never been more bullish.” Bitcoin Hash Rate Continues to Rip Higher The past few weeks have undoubtedly been weak for the cryptocurrency market; the price of BTC has collapsed from the $10,500 high to a price as low as $8,400 established just this…

Bitcoin Prices Losing Strength as COVID-19 Slows World Economies

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Bitcoin Prices Losing Strength as COVID-19 Slows World Economies March 3, 2020 by Ramiro Burgos Bitcoin prices are losing strength as news turns neutral and international trade slows due to external factors. This drop could be fallout from the financial market slump due to COVID-19 virus stalling world economies. Also Read: Bitcoin Values Drop While Volatility Reigns On Way to Bitcoin Halving Long Term Analysis The trend could head to $8000 support, during current zig-zagging distribution action. Volatility should be much less while international trade slows down. Present sell-off professional…