Crypto Markets News 

Bitcoin Price Breakout Scheduled for August, Says Fundstrat’s Tom Lee

“Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull mark could return within six months” writes William Suberg for cointelegraph.com. In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn. “I think the key number to watch is the 200-day moving average,” he told the network, continuing:…

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Computer security: In the cyber break-in stakes, the champion is Russia

“However, experts and officials caution that faster breakout times do not always reflect sharper skills” writes The Economist for economist.com. James Lewis, a bigwig at the also observes that different states go after different targets, which will affect their breakout times.In its previous report, covering 2017, CrowdStrike had found the average breakout time to be just under two hours.Yet there is at least some cheer for Russia’s cyber-spies: they have topped a rogue’s table of hacking prowess. Source: economist.com

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Markets News 

The market has rallied back to a crucial level — here’s a breakdown of its chances to breakout

“In other words, the market has made an impressive run, right to a key proof point” writes Michael Santoli for cnbc.com. The market has shrugged off evidence of an economic and earnings slowdown — but have investors already priced in positive outcomes on trade policy and Federal Reserve that remain uncertain?.  Source: cnbc.com

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Crypto Markets News 

Analysts Expect Another Breakout as Bitcoin Nears $4,000

“The price of bitcoin (BTC) has now come close to the $4,000 mark as altcoins, in particular Ethereum (ETH) and EOS, breached their individual weekly peaks by double-digits” reports livebitcoinnews.com. Bitcoin’s current positive outlook have led many crypto advocates to believe that another breakout is in the offing.Although bitcoin’s impressive climb early this morning looks similar to advances projected by the bears during the previous weeks’ sessions, what’s taking shape this time is something distinct.Digital currency assets in key markets across the globe have shown a very remarkable performance in…

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Country in disarray as anti-government protests lead to prison breakout

“Several investigations have failed to establish the fate of the Petrocaribe funds, beyond mismanagement including spending on abandoned construction projects” writes Peter Beaumont for theguardian.com. In this context, the Petrocaribe deal, signed before the earthquake, was sold as a possible solution to Haiti’s desperate finances.The Petrocaribe deal has become a lightning rod for wider discontents that have bubbled under the surface since the January 2010 earthquake that killed more than 100,000 people.The impoverished Caribbean nation of Haiti, hit by days of violent demonstrations that have claimed four lives, has suffered…

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Markets News Regulators Stocks 

This market can’t go sideways for long, so get ready for a breakout or breakdown

“Since its December selloff, the market has made a remarkable but questionable (more on that later) rebound to its 200-day moving average” writes Michael Sincere for marketwatch.com. In other words, first see how the market reacts as the S&P 500 straddles the 200-day moving average.One thing is for sure: The market cannot go sideways for long, so prepare for a breakout or breakdown in the near future. Source: marketwatch.com

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Crypto Markets News 

EOS/USD sees bearish breakout following price drop in crypto market

“Following the sudden drop in the crypto market, EOS/USD has suffered a bearish breakout” writes Fx Street for forexcrunch.com. The drop in overall crypto market valuation has caused a bearish breakout in the EOS/USD market.The 20-day simple moving average (SMA 20) curve has crossed over the market after four days as a result of this breakout. Source: forexcrunch.com

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PayPal’s Venmo had a break-out quarter with payments surging 80%

“Venmo is getting closer than ever to becoming a money-maker for its parent company, PayPal” writes Kate Rooney for cnbc.com. The company saw $19 billion in payment volume through Venmo in the fourth quarter — an 80 percent increase year over year, PayPal CEO Dan Schulman said on Wednesday’s earnings call.Venmo’s total payment volume surpassed the volume PayPal processed from eBay, Schulman said.For the full year, Venmo processed $62 billion in payments, a 79 percent increase from a year earlier. Source: cnbc.com

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