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Forex and Cryptocurrency Forecasts for mid-January 2019
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Foreign exchange market
Forex and Cryptocurrency Forecasts for mid-January 2019
Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. The forecast is actual for the period of January 13th through 17th, 2020. As a result, we get the following picture:
Russian Forex Jurisdiction Gains Strength
After the summer break, investors are going back to business, refreshed and ready to go productive. Most of them see September as the beginning of a new life cycle in their career. its not accidental that an unprecedented event is planned by Alpari Forex. The Alpari office located in Saint Petersburg, Russia, will welcome Evgeniy Masharov, who is in charge of the Association of Forex Dealers. He is visiting Alpari Forex for the first time and planning to participate in a meeting with some of the Forex traders and investors registered in the Russian FX jurisdiction.
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.
