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GBA Business Confidence Index increment on record high

Resumption of normal travel boosts business confidence HONG KONG, Apr 17, 2023 - (ACN Newswire) - Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the GBA Business Confidence Index (GBAI) for the first quarter of 2023. The current performance for "business confidence" jumped 11.8 points to 51.3, which was also the first above-50 print since the fourth quarter of 2021. The expectations index leapt to 61.5, the 16.4 points jump was the biggest on record since GABI was launched in the second quarter of 2020. The

Bitcoin Cash Falls above Historical Price Level May Hold Above $572 Support

Nov 18, 2021 at 10:03 // News The price of Bitcoin Cash (BCH) is in a downward correction as the price falls below the moving averages. Today, the cryptocurrency fell from the high of $720 to the low of $572. Currently, altcoin is moving above the current support of $572, which is a historical price level from October 11. In previous price action, BCH consolidated above current support to resume upward momentum. If BCH holds above current support, the market will also rise above the moving averages before retesting the

Global Exchange Binance Releases Crypto Bill of Rights For Traders

Binance, the world’s largest crypto exchange, has released what they call the “10 Fundamental Rights for Crypto Users.” Running what Changpeng Zhao (CZ) says is Binance’s first advertisement ever, the exchange took up an entire page of London’s Financial Times with the words “CRYPTO IS EVIL.” Underneath the eye-catching phrase, Binance warns: “When it comes to crypto, Don’t let the headlines fool you. There’s a world beyond Bitcoin and Dogecoin, one where financial opportunity is accessible to everyone, not just the privileged few. Crypto belongs to all of us. But

Cardano Hovers above $1.80 Support as ADA Reaches Oversold Region

Nov 17, 2021 at 12:00 // News The price of Cardano (ADA) has fallen below its moving averages, indicating further downside for the cryptocurrency. At the time of writing, Cardano is trading at $1.82. Today, ADA/USD is falling to the downside. If the price breaks below the support of $1.80 and the downward momentum continues, the market will fall to a low of $1.40. If current support holds against it, ADA will oscillate between the $1.80 and $2.40 price levels. The overriding resistance at $2.40 has not been breached since

Weekly Cryptocurrency Market Analysis: Altcoins Fail to Sustain Recent Rallies, Lose Strength on Bear Market

Nov 17, 2021 at 11:00 // News Cryptocurrencies failed to continue recent rallies as altcoins fell back to their previous lows. OMG Network lost all of October's bullish gains and became the biggest loser of the last 7 days. OMG Network Since October 4, OMG Network (OMG) has been trading below the overhead resistance of $18. On November 4, buyers pushed the altcoin to retest the overhead resistance. The cryptocurrency formed a bearish double top that led to a downside move. The selling pressure erased the bullish gains from October.

Litecoin Is in a Deadlock, Unable to Breach $200 High

Nov 02, 2021 at 11:43 // News Litecoin (LTC) price is trading above the moving average but faces a rejection of the $200 high. Today, the LTC price has fallen to a low of $196. Buyers have been desperately trying to break above the resistance level since October 21. On the breakout on October 20, buyers pushed the altcoin to the high of $210, but were rejected. The LTC price dropped to $187 and corrected to the upside. The upward correction led to another decline on the downside. The market

Weekly Cryptocurrency Market Analysis: Ethereum Renews Its Historical High, While Dogelon Mars Shows the Biggest Uptrend

Nov 02, 2021 at 10:33 // News Over the past 7 days, the cryptocurrency market has remained generally bullish. While Bitcoin seems to have stalled at its recent high, Ethereum has renewed its historical maximum. However, none of the flagship cryptocurrencies posted significant gains this week, so they were left out of the rating of the best weekly performers, composed by CoinIdol, a world blockchain news outlet. Here is how it looks from today's perspective. Dogelon Mars Dogelon Mars (ELON) seems to be the best performer among cryptocurrencies that have

Bitcoin Records Highest Monthly Close Ever, What’s Next for BTC?

Bitcoin closed the month of October at $61,343, which is its highest monthly close ever recorded. As Bitcoin Archive notes on Twitter, all-time high monthly closes are quite often a sign of more strength to come.  Bitcoin’s closing price was roughly 3% away from analyst PlanB’s floor price prediction of $63,000, though that level was already hit earlier in the month. PlanB is now shooting for $98,000 in November, or about a 58% gain over the next 30 days.  Some analysts are looking to previous bull markets to forecast what’s