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Bitcoin And Altcoins Rally, Ethereum Outperforms Major Coins


Recently, bitcoin price extended its decline below the USD 6,550 support area. However, losses were limited and BTC/USD bounced back sharply after tagging the USD 6,500 area. It is now trading above USD 6,850 and attempting another upside break above the USD 7,200 resistance. Similarly, most major...

JPMorgan, Bank of America, Deutsche Bank Predict Major Recession


Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...

Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence


Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts. The post Major Swedish Bank...

Bitcoin (BTC) Nosedives Around $6k; Major Support Lies at $5.8k


Bitcoin experienced the most anticipated fall as it retests around $6k and $6.1k after accumulating above $6.5k. Well, you would wonder, how was this an anticipated fall of BTC. Aligning the analysis done two days back, we were quite ready for a dip sooner or later as the coin experienced a “death...

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