In order to get a competitive edge over others and simplify the process of reaching the trading goals, many traders take advantage of a number of helper tools like trading strategies and indicators. Today, we are going to take a closer look at the indicator named Value-Weighted Average Price (VWAP). What are the benefits of using it and why do they recommend using it?
This trading week, Bitcoin is unlikely to conquer another major threshold located at 10000 USD/BTC. The thing is that some Bitcoin investors were cooled down by the statements made by investment guru and billionaire Warren Buffett, founder of Berkshire Hathaway, as well as by Bill Gates, founder of Microsoft and one of the richest people on the planet.
This week, the BTC exchange rate may well break above 10000 USD/BTC, most of the experts interviewed by PRIME think.
The situation in the global market of cryptocurrencies has been changing for a while. Bitcoin seems to be gradually losing its status of the world’s biggest and most popular digital currency.
Over the last few days, the Bitcoin exchange rate has been going up continuously. On Thursday, the rate conquered two strong levels of resistance at 9300 and 9400 dollars respectively. On Friday morning, the rate changed to 9600 dollars and continued its way up to new local highs.
10 years ago, nothing foreshadowed any changes in this area. 5 years ago, the first notes of change appeared. Today, the World Bit Bank project is ready to bring about major changes in this sphere. However, this will change your understanding of finances and banks.
Blockchain, cryptocurrencies, and all the related infrastructure have broken into our lives and have been dominating international headlines ever since. Despite the fact the technology is still in its infancy, many people all around the globe have been trying to make money by investing in related projects.
Crypto Valley Association is a cryptocurrency association backed by the Swiss government. It’s also known as Crypto Valley. The association is located in the center of Switzerland. It united the owners of leading cryptocurrency exchange tokens, including Bitcoin Suisse AG, Ethereum, Monetas, Xapo, and so much more.
The central bank of Iran has banned cryptocurrencies. This decision was made on April 22nd. Apart from banning any cryptocurrency transactions in Iran, they also decided to ban any ads related to cryptocurrencies or blockchain. The reason is simple: cryptocurrencies may be used for money laundering, or sponsoring terrorism, or any other illegal activities. This is explained in the central bank’s official press release.
The world’s first crypto bank – The World Bit Bank (WBB) – has reported about obtaining two major licenses, which are going to lay the foundation for providing authorized cryptocurrency-related services.
The last trading week of April started from the strengthening of the U.S. Dollar and cryptocurrencies and the weakening of gold. At this point, the USD index has gained up to 90,38 points (+0,07%).