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Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong.  Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping less than a percent …

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CoinMarketCap rolls out a new ranking system for crypto market pairs

CoinMarketCap rolls out a new ranking system for crypto market pairs

Crypto market data aggregator CoinMarketCap announced Friday that it has gone live with a new ranking system for market pairs. As detailed in a blog post, CoinMarketCap will use a ranking system that combines several different factors. The site explained: “The market pairs of exchanges will now be algorithmically scored across three aspects — reported …

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Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

Bitcoin’s steady price gains over the past few days ended Friday. With the halving in the rearview mirror, cryptocurrency traders could consider the impact of a continued global economic slowdown after new data showed retail sales dropped to record lows and unemployment numbers continue to worsen. The world’s first cryptocurrency is trading below its 10-day …

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Bitcoin locked in DeFi marks another ATH despite a volatile market

Bitcoin locked in DeFi marks another ATH despite a volatile market

The Decentralized Finance [DeFi] had kickstarted the year 2020 noting tremendous growth. Despite restricted growth, Bitcoin locked in DeFi reached an all-time high of 2.026 k, according to data provided by DeFiPulse. Source: DeFiPulse BTC locked in DeFi started gaining momentum in February during which it escalated from 1.50k BTC to a value above 1.70k …

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MARKET WRAP: Oil Futures Plunge, Bitcoin Dips and Tether Has a $7B Day

MARKET WRAP: Oil Futures Plunge, Bitcoin Dips and Tether Has a $7B Day

Monday marked a historic moment in traditional markets, with the price of West Texas Intermediate oil futures going into negative territory for the first time ever.  Contracts for May delivery, expiring on Tuesday, collapsed below -$40 per barrel at one point. In other words, sellers were willing to pay as much as $40 to people …

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Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.  The huge, surprising bounce for the stock arrives after the firm warned earlier in April that coronavirus-related issues might hurt its business.  Like cryptocurrencies themselves, mining company stocks are prone to …

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Bitcoin Futures market sees increased turbulence as instability looms large

Bitcoin Futures market sees increased turbulence as instability looms large

Bitcoin’s price has been revolving around the $7k mark for a couple of weeks now. Every time the coin breaches the $7k, it has been met with extreme selling pressure, dragging down its value. However, on 16 April the coin, once again, surpassed the $7k market and has not yet dropped. But the price has …

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