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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News 

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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Markets News 

One new way to take advantage of a breakout in emerging markets

“The EEM, the best-known emerging markets exchange-traded fund, might not be the optimal way to play the space, though” writes Keris Lahiff for cnbc.com. Over the past three months, the EEM emerging markets ETF has rallied 4 percent and shrugged off the extreme volatility and sell-offs that plagued U.S. markets through the end of last year.One way to play the emerging markets is through Direxion’s relative-weight ETFs, says Andrew McOrmond, managing director of WallachBeth Capital.The RWED Emerging Over Developed Markets ETF is 150 percent long emerging markets and 50 percent…

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News Stocks 

Starbucks could break out to new highs, says trader. Here’s how to play it

“To play for a breakout using options, Gordon suggested buying the January 67.5-strike call and selling the January 72.5-strike call for $1.37 per options spread, or a total of $137” writes unknown author for cnbc.com. Gordon is referring to the breakout that Starbucks saw to its high in early November.While the stock has gone back into consolidation since then, Gordon says it is primed for another rally above the $70 level.According to TradingAnalysis.com founder Todd Gordon, the stock is about to perk up even higher. Source: cnbc.com

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