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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019
U.S. Sanction Trap For Russian Rouble
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Masterforex-V Names Biggest Stock Exchanges
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WTO Lowers Global Trade Growth Forecast
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EU Comes Up With Workaround to US Sanctions
Beijing and Washington are getting ready for the final talks
US-China Trade War Reaches Next Level
Roma May Drag Moscow and Brussels Into Major Financial Crisis
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Foreign exchange market
Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019
Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on May 20, 2019.
Near-Term Bitcoin Prospects
There's Nothing Wrong About Crypto-Market Downtrend, Ethereum Co-Founder Lubin Says
The ups and downs currently seen in the global market of digital currencies do not reflect the current state of affairs in the market, Joseph Lubin thinks. By the way, he is the founder of ConsenSys and a co-founder of Ethereum, the world's second-biggest cryptocurrency in terms of market cap.
Bitcoin May Continue Downtrend
The bearish market bias has been setting in for a while. This started shortly after the SEC decided to delay their decision on the Bitcoin ETFs for such companies as VanEck and SolidX. This is confirmed by ForkLog.
Philip Nunn Predicts $60K for Bitcoin in Late 2018
According to Philip Nunn, CEO of Blackmore Group and Wealth Chain Group, the BTC exchange rate is likely to skyrocket all the way up to 60000 USD/BTC.
Bitcoin lost 7% in 24 hours
The Bitcoin exchange rate has gone down by 7% over the last 24 hours. In particular, the exchange rate dropped down to 7500USd/BTC.
Panic Around Winklevoss Brothers Hasn't Dropped Bitcoin Below $8000
For those of you who don't know, the SEC has recently declined the Winklevoss Brothers' request to create an exchange-traded fund (ETF). Shortly after the news, some cryptocurrency investors started panicking. At the same time, some experts started predicting another downtrend in the global market of cryptocurrencies in general and Bitcoin in particular.
Bitcoin Gained Over $1000 In a Week. The Uptrend Is Still Underway.
After a couple of months of stagnation, the cryptocurrency market seems to start recovering and regaining the lost ground. Over the last couple of weeks, the BTC exchange rate increased by more than 1000 dollars. Other popular cryptocurrencies followed.
Most ICOs Eventually Fail
Most ICOs out there end up with nothing for the ambitious project starting them as well as their investors seeking quick yet stunning returns on their investments. This is confirmed by the survey conducted by the University of Boston, Bloomberg reports.
Bitcoin Gets Cheaper on News about Hacking Swiss Cryptocurrency Exchange Bancor
On July 11th, Bitcoin and other altcoins continued their downtrend started on Monday. International experts say that the biggest reason for that is the news on hacking a Swiss crypto exchange known as Bancor. In particular, they say, the hackers stole 23,5 million dollars in crypto coins.
Bitcoin Rate Reaches 6700 USD/BTC
At the end of the trading week, the BTC exchange rate reached 6700 USD/BTC. The entire cryptocurrency market showed confident growth as well.
