Daily Outlook


Meteoric Crypto Recovery: Bitcoin Price Above $8,000

Meteoric Crypto Recovery: Bitcoin Price Above $8,000

The bitcoin price has surged by seven percent in the past several hours from $7,300 to around $8,000 in major markets including the U.S., demonstrating a strong recovery from its abrupt drop to $6,400. On May 17, as CCN reported,...

Chinese war of words and further dollar growth

Chinese war of words and further dollar growth

Market focus Asian markets are worried about the increase in anti-American rhetoric in the Chinese media against the background of escalating trade conflicts. However, this hurts Chinese markets, which have re-emerged to decline and are losing more than 1.2%. The...

Why Europe will lose the trade war it isn’t fighting

Why Europe will lose the trade war it isn’t fighting

The European economy will be at the losing end of the US-China trade conflict, whatever its outcome, and even if Beijing and Washington manage to clinch a deal after months of brinkmanship. The US on May 10 increased tariffs on...

Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop. The sudden decline in the bitcoin price led the valuation of the crypto market to plunge...

Merkel: Europe must unite to stand up to China, Russia and US

Merkel: Europe must unite to stand up to China, Russia and US

Europe must reposition itself to stand up to the challenges posed by its three big global rivals, China, Russia and the US, Angela Merkel has said before her final European election as German chancellor. Facing challenges that range from Russian...

Top Heavy Ethereum: Just 376 Whales Own 33% of All Ether, Valued $9 Billion

Top Heavy Ethereum: Just 376 Whales Own 33% of All Ether, Valued $9 Billion

A recent study by Chainalysis Inc. found that just 376 people in the world own one third of all the Ether cryptocurrency there is. For comparison the company says 448 people own 20 percent of all Bitcoin. The study also...

Bitcoin (BTC) can collapse to $1,700: the charts are sounding the alarm

Bitcoin (BTC) can collapse to $1,700: the charts are sounding the alarm

According to “HiThrowaway”, Bitcoin (BTC) is looking like it is on the verge of a potential drawdown. In a recent tweet, the trader noted that the last three times the asset’s one-week chart looked as it does now, 82%, 85%,...

Can the stock market hold out long enough for Trump to win a trade war?

Can the stock market hold out long enough for Trump to win a trade war?

The period of January through April marked the best four-month start a year for stocks in more than 30 years, but markets have hit a rough patch in May on fears that a U.S.-China trade conflagration could morph into a...

Forex and debt markets remain concerned despite stocks rebound

Forex and debt markets remain concerned despite stocks rebound

Market focus A new blow to China-US relations was inflicted by the United States, imposing sanctions against Huawei, the Chinese telecom giant. This situation potentially opens the additional front of trade disputes between China and the United States. Moreover, investors...

China’s slowdown goes beyond China

China’s slowdown goes beyond China

Market focus Chinese data shows a slowdown in the economy. Retail sales, investments in fixed assets, industrial production – all these figures significantly below expectations in April. The effect of monetary policy easing in previous months and weeks has not...

Ripple (XRP) Price Starts Significant Uptrend: Can It Test $0.50?

Ripple (XRP) Price Starts Significant Uptrend: Can It Test $0.50?

Ripple price is up more than 15% again today and it recently broke $0.420 against the US dollar. The price surged above the $0.4300 level and traded to a new 2019 high near the $0.4480 level. There is a major...

Bitcoin (BTC) Could Peak At $80,000 If Crypto’s Cyclicality Persists

Bitcoin (BTC) Could Peak At $80,000 If Crypto’s Cyclicality Persists

As Bitcoin has returned over the past few days, many have been left asking where the cryptocurrency market could top. It may be a bit too early to tell, but some are that optimistic. Level’s Josh Rager notes that over...