April 6, 2020

A Chilling 40% Stocks Drop Warning May Rattle Crypto Market

April 6, 2020 boss

The US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year. An Uncanny Correlation The global crypto market lately fell and recovered in tandem with the US stock market. A study conducted by Binance cryptocurrency exchange found that leading token Bitcoin formed a modest positive correlation with the stock market in the first quarter. Excerpts:…

Sensorium’s Senso Token Lists on the Top Ten HitBTC Cryptocurrency Exchange

April 6, 2020 boss

The move follows a similar listing on the KuCoin exchange and will drive further usage of cryptocurrencies as the innovative Sensorium Galaxy platform is set to attract millions of users worldwide Sensorium Corporation has listed its digital currency Senso Token on HitBTC one of the oldest and most advanced cryptocurrency platforms operating today. The move follows a recent listing of Senso Token on the KuCoin cryptocurrency platform and signals Sensorium’s intention to expand its operations and enable users to engage deeply with Sensorium Galaxy, the unique and industry-leading 3D social…

South Korea’s Central Bank Launches Digital Currency Pilot Program

April 6, 2020 boss

The Bank of Korea announced on April 6 that it has launched a pilot program to assess the logistics of issuing a central bank digital currency — or CBDC. While the South Korean central bank has no immediate plans to introduce such a currency, the pilot scheme will ensure that it is prepared to do so in the face of changing market conditions. 22-month pilot scheme Following theoretical research conducted in February 2020, the pilot will comprise a technological and legal review of CBDC issuance. It began in March and…

What Do Analysts Think Is Next?

April 6, 2020 boss

Minutes ago as of the time of this article’s writing, Bitcoin breached a daily high, rallying past $7,000 to near $7,050.This meant that from Sunday’s lows, BTC is up 5%, echoing gains seen in the stock market, despite a worsening coronavirus outbreak. With the recent strength in mind, what are analysts expecting to come next? What’s Next For Bitcoin? Right now, all analysts have their eyes on notable candle closes, like the six-hour, daily, or weekly. The rally aforementioned is Bitcoin’s fifth attempt at retaking $7,000 on a four-hour candle…

Bitcoin (BTC) Reclaims $7,000 as Global Efforts Against the Coronavirus Start to Bear Fruit

April 6, 2020 boss

In brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again. Its movement is amidst global reports of some countries winning the war against the Coronavirus. With halving only days away, Bitcoin might continue with its upward trajectory. In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’ approach with respect to the price action of BTC. This was due to the fact that the 50 and 100 MA on the 6-hour chart looked set to act as temporary support for the King…

Bitcoin Price Breaks $7K But Must Defend it to Avoid $5.2K — Analyst

April 6, 2020 boss

Bitcoin (BTC) finally retook $7,000 on April 6 after days of posturing culminated in a sudden surge as the new week began. Cryptocurrency market daily overview. Source: Coin360 BTC price exits $6K… again Data from Coin360 and Cointelegraph Markets showed BTC/USD exiting the $6,000 range in a snap move which took markets to three-day highs of $7,080. While holding at press time, it remained to be seen whether Bitcoin could sustain support at $7,000, or whether the latest push would copy others from last week in fizzling in a matter…