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Category Archivebreaking news

Recession Alarm as Global Stocks Plunge

The unexpected fall in the U.S. equities market sent global stocks plunging as major stock indices in China and South Korea fell by 0.9 to 2 percent. The SSE Composite, which represents all stocks listed on the Shanghai Stock Exchange, fell by 0.92 percent on the day while the Kospi dropped 1.95 percent. Holger Zschaepitz, […]

“Global stocks plunge to 1 month low on US data shock. US manufacturing ISM hits decade low. Bulls hope US-China talks will ease econ woes. Bonds pare gains with US 10y yields at 1.66%. Gold a tad higher at $1477 as Fed fund futures price in 80% chance of Fed cut in Oct. Bitcoin $8.2k”.

Analysts have attributed the overnight drop in the global stock market to the extended recession of the American manufacturing sector that has struggled to rebound due to the lack of progress in the U.S.-China trade talks and the inability of manufacturers to lay off the surplus.

Strategists turn dovish on stocks

Throughout 2019, most major stock markets in Asia, especially China, South Korea, and Japan, have heavily depended on the performance of the U.S. equities market and the sentiment around the trade talks.

However, shocking data from the U.S. manufacturing sector and other key markets are expected to further intensify the downward trajectory of Asian stocks,

The post Shock U.S. Data Triggers Recession Alarm as Global Stocks Plunge appeared first on CCN.com

Sony’s Internal Struggle Risks Jeopardizing PlayStation 5 Launch

Yesterday’s announcement that Shawn Layden was leaving Sony Interactive Entertainment, although out of the blue and devoid of context, didn’t raise any immediate red flags as the carefully worded tweet published by the official PlayStation Twitter handle heaped praise on the now ex-chairman of Worldwide Studios. It did lack the pomp one would expect for […]

The post Sony’s Internal Struggle Risks Jeopardizing PlayStation 5 Launch appeared first on CCN.com

Dow Futures Kick Off ‘Explosive October’ With 100 Point Leap

Dow Jones Industrial Average (DJIA) futures jumped almost 100 points on the first day of October. The move kicks off what is historically an “explosive” month for the stock market. October is the most volatile month of the year, playing host to multiple crashes including Black Thursday back in 1929. After a relatively mellow September, […]

The post Dow Futures Kick Off ‘Explosive October’ With 100 Point Leap appeared first on CCN.com

BiKi.com Appoints DigiFinex Ex-General Manager as Business Development Director

1st October, 2019, Singapore, Singapore – Fast growing digital assets trading platform BiKi.com has appointed the former general manager of Digifinex, Dennis Hui, as BiKi’s new Business Development Director.  When queried what prompted his move over to BiKi.com, Dennis Hui answered: “BiKi piqued my interest as it grew so fast, so quickly. The name BiKi […]

The post BiKi.com Appoints DigiFinex Ex-General Manager as Business Development Director appeared first on CCN.com

Bitcoin Price Bottom Could Fall Far Beyond $7,700, Warns Trader

Despite the recovery of the bitcoin price by $700 in the past 48 hours, traders like DonAlt expect a deeper correction in the short term. The bitcoin price dropped to the $7,000 region twice in the past week, dipping to as low as $7,688 on September 30. While bitcoin attempted to break above important support […]

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Newsflash: Bitcoin Price Plunges to $7,700 Again on a Bloody Monday Spiral

The bitcoin price (BTC) has dropped by more than 25 percent in the past two weeks as the cryptocurrency market struggled to see a relief rally. When the bitcoin price initially dropped to $7,700 on September 27, it rebounded fairly quickly with strength, surging to $8,400 in merely 48 hours. However, as BTC failed to […]

The post Newsflash: Bitcoin Price Plunges to $7,700 Again on a Bloody Monday Spiral appeared first on CCN.com

How Low Could Bitcoin Price Fall in This Pullback? Analysts Say $6,300

The bitcoin price (BTC) has dropped from $10,050 to $8,000 in the past week by nearly $2,000 against the US dollar, leading traders to anticipate a larger pullback to lower support levels. According to traders and technical analysts like Josh Rager, the bitcoin price could drop to as low as $6,300 in the short term […]

The post How Low Could Bitcoin Price Fall in This Pullback? Analysts Say $6,300 appeared first on CCN.com

BeatzCoin IEO’s 1st Round Goes Live on ProBit Exchange Launchpad Amid Surging Interest in Korean & Asian Markets

BeatzCoin IEO is launching on September 30 on ProBit.com, and the first round rewards users with 35% bonus on all purchases. BeatzCoin’s Initial Exchange Offering (IEO) is going live on ProBit.com Launchpad on September 30. Following months of anticipation and final stages of development, the BeatzCoin (BTZC) IEO that will power the VibraVid music and […]

The post BeatzCoin IEO’s 1st Round Goes Live on ProBit Exchange Launchpad Amid Surging Interest in Korean & Asian Markets appeared first on CCN.com

Bitcoin Price Likely to Recover to $9,000 +

The bitcoin value (BTC) fell by in excess of 23 percent against the U.S. dollar in the previous week, setting off a savage redress in the digital money showcase. Since tumbling to $7,700, the bitcoin cost has recuperated to $8,200, fundamentally staying away from a precarious drop to the low $7,000 district to test low-level backings for the time being.

The post Why Analyst Says Bitcoin Price Likely to Recover to $9,000 After 23% Pullback showed up first on CCN.com

Central point for a recuperation to $9,000 at the bitcoin cost

The potential impact of the CME bitcoin prospects advertise on the value pattern of BTC can’t be expelled. What’s more, in the medium to long haul, as Bakkt starts to show significant day by day volumes, the prospects showcase by and large could largerly affect the value pattern of BTC.

Aside from CME, a few specialized markers like the Relative Strength Index (RSI) demonstrate that bitcoin is showing oversold conditions, which could trigger a transient alleviation rally.

Elective digital forms of money in any semblance of Ethereum and TRON have just begun to recuperate unequivocally against the USD, with Ethereum rising by 14 percent inside a two-day range from $153 to $174.

Read More: https://www.ccn.com/why-analyst-says-bitcoin-price-likely-to-recover-to-9000-after-23-pullback/

Bitcoin Price Likely to Recover to $9,000 +

The bitcoin value (BTC) fell by in excess of 23 percent against the U.S. dollar in the previous week, setting off a savage redress in the digital money showcase. Since tumbling to $7,700, the bitcoin cost has recuperated to $8,200, fundamentally staying away from a precarious drop to the low $7,000 district to test low-level backings for the time being.

The post Why Analyst Says Bitcoin Price Likely to Recover to $9,000 After 23% Pullback showed up first on CCN.com

Central point for a recuperation to $9,000 at the bitcoin cost

The potential impact of the CME bitcoin prospects advertise on the value pattern of BTC can’t be expelled. What’s more, in the medium to long haul, as Bakkt starts to show significant day by day volumes, the prospects showcase by and large could largerly affect the value pattern of BTC.

Aside from CME, a few specialized markers like the Relative Strength Index (RSI) demonstrate that bitcoin is showing oversold conditions, which could trigger a transient alleviation rally.

Elective digital forms of money in any semblance of Ethereum and TRON have just begun to recuperate unequivocally against the USD, with Ethereum rising by 14 percent inside a two-day range from $153 to $174.

Read More: https://www.ccn.com/why-analyst-says-bitcoin-price-likely-to-recover-to-9000-after-23-pullback/

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