Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates

Since dropping to $24.05 during the strong marketwide correction that occurred on March 12, Monero (XMR) has rallied 99.5% and currently trades at $49.  The recent recovery occurred on consistently strong purchasing volume and the altcoin has spent the last 10 days trading in an ascending channel.  XMR USDT 4-hour chart. Source: TradingView At the time of writing the XMR/USDT pair has pulled back slightly after touching the main trendline of the ascending channel at $50.96 but the pattern of higher lows has remained intact since March 20 even as…

Dow Futures Reverse Gains Despite Trump’s $6 Trillion Fiscal Bomb

Dow futures rallied after Donald Trump’s top economic adviser unveiled a massive $6 trillion stimulus package for the U.S. economy. These gains rapidly faded, as the stock market failed to move higher after a historic day for the Dow Jones on Tuesday. Worryingly for Wall Street, there doesn’t appear to be a Plan B if the fiscal package doesn’t push stocks higher longer-term. After the largest single-day point rally in the history of the Dow Jones, the stock market failed to extend the move overnight despite a brief spike. The…

Bitcoin Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout

Bitcoin (BTC) jumped over $100 as Wall Street opened on March 24, markets broadly gaining amid hope of the United States agreeing a $2 trillion coronavirus rescue package.  Cryptocurrency market daily overview. Source: Coin360 BTC price steadies as stocks bounce Data from Coin360 and Cointelegraph Markets showed BTC/USD circling $6,700 at press time on Tuesday — up 7% on the day. Stock markets reversed Monday’s losses — the Dow Jones opened up 6.1%, while the S&P 500 was 5.3% higher. Bitcoin 1-day price chart. Source: Coin360 The week had begun…

Ripple (XRP) Bulls Hesitates But Further Gains Above $0.24 Seem Likely

Ripple is showing a few positive signs above the $0.2300 support against the US Dollar. XRP price is likely to accelerate higher if it clears the $0.2425 resistance area. Ripple price is slowly rising after forming a double bottom pattern near the $0.2240 level against the US dollar. The price is now trading above the $0.2300 and $0.2320 levels. There was a break above a major bearish trend line with resistance near $0.2240 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now facing…

Bitcoin Price Daily Gains Hit 3.2% as Analyst Eyes Rebound to $9.2K

Bitcoin (BTC) continued to climb towards $9,000 on March 2, reaching a five-day high as markets appeared to recover from coronavirus fears. Cryptocurrency market daily overview. Source: Coin360 Van de Poppe: BTC price can reclaim $9K Data from Coin360 and Cointelegraph Markets placed the largest cryptocurrency at over $8,800 at press time, slightly down from highs of $8,900 seen earlier. Daily gains for BTC/USD totaled 3.2%, in line with a rebound on some traditional markets as states rush to supply financial stimulus packages to boost their economies. Bitcoin 1-day price…

Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?

Chainlink’s native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week. The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26. It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave as a hedge against Bitcoin, the top asset that plunged by circa 16 percent this week. #Chainlink is receiving tremendous exposure during this $BTC, $ETH retrace. It’s performing with the lights on. There will…

Bitcoin Erases February’s Gains, BTC Price Sinks Below $8,700

The sharp correction that has rocked the crypto market since Feb. 23 continued through Feb. 27 as Bitcoin (BTC) price dropped nearly 8% to a daily low at $8,531. Markets pricing in Coronavirus impact At the opening bell, equities markets recovered some of the losses of the previous two days but at the time of writing Dow Jones futures, S&P 500 futures and Nasdaq futures all dropped 1.32%, 1.33% and 1.31%, respectively, with investors increasingly concerned about the economic impact of the Coronavirus, which is now present on every continent…

Star Wars Games Look Promising as EA Gains Focus for the First Time

Star Wars might be okay in EA’s hands after all. After being known as the worst company in America, EA had a fantastic 2019. It seems to be learning from past mistakes, especially when it comes to microtransactions. Compared to times past, EA is doing okay in the eyes of gamers – especially regarding the Star Wars license. In fact, EA’s stock is up 22% since September, as 2019 marked the turning point for the once-maligned game publisher. EA has long been the industry’s punching bag. 2013 saw the group…

Bitcoin Price Drop Mirrors Last Golden Cross Which Led to 170% Gains

Bitcoin (BTC) may not see a 170% increase after its fifth “golden cross” price event, historical data suggests as markets stay down 8%. Analysis of price movements since 2009 shows Bitcoin has had a total of ten “golden cross” and “death cross” moments in its lifespan.  BTC price dip challenges December 2017 A “golden cross” is when BTC/USD sees its 50-day moving average rise to cross over its 200-day moving average. A “death cross” is the opposite.  As Cointelegraph reported, hopes are currently high that the most recent golden cross…

BitGo Gains Entry to Digital Securities World Through Acquisition of Harbor

Digital asset custodial company BitGo recently unveiled its purchase of Harbor, an online platform for digitized securities.  “Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe said in a Feb. 18 statement provided to Cointelegraph. “Acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services.”  Harbor’s website is also promoting the acquisition in a banner at the top of its homepage.   BitGo’s acquisition includes several others Picking up Harbor also means BitGo gains control of the platform’s daughter companies, which include…