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Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday.
Bitcoin Cash (BCH) halving event is expected to happen today at block 630,000. The number of coins created every 10 minutes will fall from 12.5 to 6.25.
Commentators and analysts are convinced that that Bitcoin price is seemingly getting ready to rally after reaching a critical price level of $7,430 with the BTC halving event looming.
Bitcoin (BTC) price has managed to rise above $7,350. Positive tendencies can be observed in traditional markets as well.
The slowing number of new COVID-19 cases got the markets to cheer on Monday with a major rally. However, analysts are questioning the sustainability of this recovery with economic indicators showing a dark picture.
A few stocks, including some of the ones below, are being classified as COVID-19 stocks because of their potential to rise even as the pandemic worsens.
Binance, Block.one, BitMEX, BiBox, KayDex, BProtocol, Status and TRON Foundation received the class-action lawsuits. The lawsuits claim that those companies were selling or helping with the selling of unregistered securities.
Revolut’s cryptocurrency Services are coming earlier than planned due to the fallout in the global economy as more countries undertake quantitative easing.
Both the Dow Jones and the Nasdaq Composite managed increased but started to lose points as the COVID-19 outbreak continues to spread, affecting over 1 million people globally.
Bitcoin (BTC) price has managed to jump above the $7,200 levels within the last 24 hours but now BTC is trading below $7,000.
Binance acquires CoinMarketCap ‘to make crypto more accessible worldwide’. CoinMarketCap CEO is stepping down to spend time with family. Binance CEO claims he will make sure that CMC data is following the industry standards and needs.
Technical indicators claim Bitcoin price may move up, but the bears are still here. BTC price undergoes a sudden pump right after equity trades ending. Expert sets likely price range, which is within $5,150 and $7,200.
The COVID-19 pandemic is the main topic for discussion today. The markets have far not the best period. S&P 500 and Dow are losing their positions.
Judge Kevin Castel is clearly against Telegram in the case of the GRAM token launch. Federal Judge claims that Telegram founders can not distribute their tokens to anyone, not only to U.S. citizens.
Bitcoin is believed to enter the miner capitulation stage, where hash rate and price drop significantly. However, some researchers claim that Bitcoin price is independent of the halving cycles, as well as of hash rate.