Dow, Bitcoin Bleed Lower as Weak Economic Data Saps Trade Deal Optimism

The US stock market endured steady losses on Thursday, leaving the Dow’s eight-week winning streak on the ropes. The bitcoin price, meanwhile, continued to mount an unsuccessful push toward $ 4,000 that has left most crypto assets in the red. Dow Fails to Break Through 26,000 Dow futures traded up throughout much of the pre-market session, putting the index within striking distance of the 26,000 point milestone. However, Wall Street turned sour ahead of the opening bell, and all three major US stock indices dropped when the market opened. As of 10:17 am ET, the Dow had lost 68.12 points, recovering

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Dow Futures Claw Back Early Losses While Bitcoin Price Breaks Lower

Dow futures traded lower ahead of Wednesday’s opening bell, signaling that traders may put the brakes on the US stock market’s multi-day winning streak. The bitcoin price, meanwhile, careened below the $ 3,400 mark and risks plowing through the critical support level that has stabilized the cryptocurrency market in recent weeks. Dow Steels itself for Opening Bell Losses As of 8:42 am ET, futures tracking all three major US stock market indices had recovered from moderate losses to trade in the green, with the Dow up 13 points, the S&P 500 up 1.25 points, and Nasdaq futures rising by 14.5 points.

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Why the Bitcoin Price Will Reject the Bulls and Crash Even Lower

While financial forecasters are predicting a bullish 2019 for the bitcoin price, the cryptocurrency first needs to fight strong technical barriers in the near-term. It is becoming difficult for bitcoin bulls to initiate a substantial push towards the $ 3,480-barrier and beyond. At the same time, their presence at the support area above $ 3,371 is stopping the price from further downside action. The situation has led bitcoin to remain rangebound, which is increasing the bearish sentiment in the near-term scenario. On the intraday/weekly level, bitcoin could now pursue another selling action thanks to two pressing issues: lower volatility and volume. Let’s

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Chatting to a taxi driver last night who tells me he has to pay £120 per week to be able to take card payments in his taxi. We then had to spend a couple of minutes manually typing the numbers into the machine. If only there were a quicker means of payment with lower costs of transacting 🤔

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Bitcoin – The Currency of the Internet