Image Image Image Image Image Image Image Image Image Image Image Image

| October 23, 2018

Scroll to top

Top

strong Archives -

Stocks jump, helped by strong company earnings

October 16, 2018 |

World stock markets turned higher again Tuesday, helped by strong earnings reports from major U.S. companies. Investment banks Morgan Stanley and Goldman Sachs, healthcare products company Johnson & Johnson and health insurer UnitedHealth all climbed after announcing their third-quarter results….


L.A. Times – Business

TMZ

Hollywood’s Political Donations for Democrats Strong Even Before Taylor Swift’s Plea

October 11, 2018 |

Taylor Swift certainly talked a big game by endorsing 2 candidates in Tennessee, but a bunch of other celebs are doing more than talking — they’re paying to support their fave Democrats.  We did some digging into 2018 Federal Election…

TMZ.com

Strong reports on hiring and service-sector growth drive market to daily gains

October 4, 2018 |

Encouraging reports on hiring and growth in the service sector sent small companies and banks higher Wednesday and knocked bond prices into a tailspin. The yield on the benchmark 10-year Treasury note surged to its highest level in more than seven years.

Both reports were stronger than analysts…


L.A. Times – Business

Markets Update: Ethereum Leads Strong Altcoin Rally

September 13, 2018 |

Markets Update: Ethereum Leads Strong Altcoin Rally

Since yesterday’s update, the cryptocurrency markets have produced a strong bounce over the last 24 hours. Of the top ten cryptocurrencies by market cap, Ethereum, and Monero were the day’s top gainers – both of which have posted gains of over 15% in the last 24 hours.

Also Read: Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin Losses 

BTC Tests $ 6,500

In the last 24 hours, BTC has gained by roughly 3% – with current prices testing resistance at the $ 6,500 USD area as of this writing.

Markets Update: Ethereum Leads Strong Altcoin Rally
BTC/USD – Bitfinex – 4hr

Looking at the daily chart, the stochastic RSI appears poised to break above the 20 threshold – signaling that more bullish action may ensue should BTC be able to produce and hold a strong break above the $ 6,500 area.

Markets Update: Ethereum Leads Strong Altcoin Rally

Bitcoin Cash Gains 7% in 24 Hours

BCH produced gains of approximately 7% in the last 24 hours, bouncing off a new low for 2018 of $ 410 yesterday to now be trading for roughly $ 455.

Markets Update: Ethereum Leads Strong Altcoin Rally

The bullish move for BCH coincided with a roughly 5% gain over BTC – with BCH currently trading for around 0.07 BTC after bouncing off 0.066 BTC yesterday.

Markets Update: Ethereum Leads Strong Altcoin Rally

Ethereum Shorts and Longs Continue to Test Record Highs

Of the top ten cryptocurrencies by market capitalization, Ethereum has produced the strongest gains during the last 24 hours of price action. As of this writing, ETH is trading for $ 205 – up more than 18% from yesterday’s lows of roughly $ 170.

Markets Update: Ethereum Leads Strong Altcoin Rally

The number of open ETH/USD short positions is currently testing the all-time high area of 240,000 for the second time since the record was established just three days ago.

Markets Update: Ethereum Leads Strong Altcoin Rally

The number of ETH/USD longs appears to be retracing to test the area of September 5th’s prior all-time high of roughly 330,000, after yesterday establishing a new record of approximately 360,000.

Markets Update: Ethereum Leads Strong Altcoin Rally

ETH has gained roughly 15% over BTC in the last day, bouncing from 0.027 BTC to test resistance at 0.032 BTC.

Markets Update: Ethereum Leads Strong Altcoin Rally

For two consecutive days, ETH/USD has posted a larger trade volume than BTC/USD to comprise the most traded pairing on Bitfinex.

Monero Gains by 17.4% in 24 Hours

XMR was the second strongest performing of the top ten cryptocurrencies by market cap today – gaining approximately 17% over yesterday’s low of $ 96. XMR is trading for $ 114 as of this writing.

Markets Update: Ethereum Leads Strong Altcoin Rally

When measuring against BTC, XMR has rallied roughly 12.5% from yesterday’s low of 0.0155 BTC, with XMR trading for 0.0175 BTC as of this writing.

Markets Update: Ethereum Leads Strong Altcoin Rally

Do you think the cryptocurrency markets will continue to produce bullish momentum in coming days? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Tradingview, Bitcoinwisdom


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Markets Update: Ethereum Leads Strong Altcoin Rally appeared first on Bitcoin News.

Bitcoin News

Hidden in the strong economic statistics, many U.S. firms at home and in China feeling pain of tariffs

September 13, 2018 |

Partially masked by the percolating economy and highflying stock market, tariffs imposed by the Trump administration and retaliation by U.S. trading partners have begun to cause significant pain for a large and growing swath of U.S. businesses at home and abroad.

Companies and establishments from…


L.A. Times – Business

Faster wage growth in strong jobs report is likely to mean more Fed interest rate hikes

September 9, 2018 |

Wage growth accelerated last month to its best year-over-year rate since 2009 in a strong jobs report released Friday, increasing the likelihood that Federal Reserve officials will keep hiking a key interest rate to head off higher inflation.

The Labor Department reported that the U.S. added 201,000…


L.A. Times – Business

Despite strong economy, many Americans are struggling to get by

August 28, 2018 |

Despite a strong economy, about 40% of U.S. families struggled to meet at least one of their basic needs last year, including paying for food, healthcare, housing or utilities.

That’s according to an Urban Institute survey of nearly 7,600 adults that found that the difficulties were most prevalent…


L.A. Times – Business

Scores Dead After Island’s 2nd Strong Quake in a Week

August 6, 2018 |

Rescuers still haven’t reached some devastated parts of the Indonesian tourist island of Lombok after a powerful earthquake flattened houses and toppled bridges, killing at least 91 people and shaking neighboring Bali, authorities said Monday. The death toll is expected to rise. It was the second deadly quake in a…
Newser

CBS’ Moonves skirts explosive allegations, sticks to strong earnings on call with investors

August 3, 2018 |

Ignoring the swirl of sexual harassment allegations that threaten to end his long and successful career, CBS Chairman and Chief Executive Leslie Moonves was characteristically upbeat Thursday as he ticked off a list of his company’s financial achievements in a call with investors.

Interest in CBS’…


L.A. Times – Business

Apple’s Revenue, Earnings Top Views on Strong App Sales

July 31, 2018 |

Apple delivered its best-ever revenue for the June quarter, typically its weakest period, as demand for high-price iPhones remained resilient and services such as app-store sales swelled to a record.
WSJ.com: US Business